TORM CFO Mads Peter Zacho resigns

TORM's Chief Financial Offer (CFO) Mads Peter Zacho has resigned to become Chief Executive Officer at J. Lauritzen A/S. Mads has been with TORM since 2013. He will remain with the Company for a transitional period to effect an orderly handover of his responsibilities, the Company said in a press release.

Senior Vice President Christian Søgaard-Christensen has been named as acting CFO. Christian is currently TORM's Head of Corporate Support and part of the Senior Management Team. Christian has been with the Company since 2010.

The Board of Directors has initiated an executive search for a new permanent CFO for TORM.

Executive Director and CEO Jacob Meldgaard commented: "We want to thank Mads Peter Zacho for his dedication over the last three years and in particular for his many contributions during TORM's restructuring process. We wish him luck in his new role."

About Torm
TORM is one of the world's leading carriers of refined oil products. The Company operates a fleet of approximately 80 modern vessels with a strong commitment to safety, environmental responsibility and customer service. TORM was founded in 1889. The Company conducts business worldwide.