“Jeremy advised the Board some time ago of his plans and we will of course be sorry to lose him. We are now in a position to launch a formal search for his successor, which will be managed by Odgers Berndtson,” said Guy Campbell, Chairman of the Baltic Exchange.
Jeremy Penn said:
“It has been a privilege to work for the interests of the Baltic, its members and shareholders for the last 12 years and in many ways I shall be sorry to go. However, now is the time to give myself the opportunity to pursue other projects and interests, some of which will certainly be in shipping.”