Wallem Group announced that Frank Coles has agreed to join Wallem as its new Chief Executive Officer. Mr. Coles will replace outgoing CEO, Simon Doughty, who announced his decision to step down earlier this year. The handover will take place at the end of October.
Speaking on the occasion, Frank Coles stated:
The opportunity to lead and help grow a prestigious and diversified company like Wallem was something I could not pass up. With the increased industry focus on efficiency, safety and the environment, providing quality shipping services, crews and technical support is going to be critical. Wallem understands the needs and expectations of owners and clients and is well placed to be a leader in the future of maritime operations support.
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Wallem Chairman, Nigel Hill expresses his gratitude to Mr. Doughty for his years of service to Wallem and said that he is delighted that Mr. Coles has agreed to join Wallem.
For his part, Simon Doughty mentioned that he is pleased that Mr. Coles has agreed to lead the company.
His vast experience will complement and strengthen that of the existing Wallem team and enable them to meet the future needs of the maritime services business.
Before joining Wallem, Frank Coles was CEO in Transas, from where he quit during September.
Acting as a CEO of Transas, he had managed significant achievements in creating an ecosystem of harmonized integrated solutions in safety, navigation, training and ship operations, for which he received the SMART4SEA Leadership Award sponsored by MarineTraffic, in February 2018.
Finnish Wärtsilä acquired Transas earlier this year, in a transaction valued at 210m Euros (USD 257.8 million).
