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GasLog Ltd. (GLOG): Changes in Senior Management

GasLog is a growth-oriented international owner, operator and manager of liquefied natural gas (LNG) carriers, providing support to international energy companies as part of their LNG logistics chain. Company owned fleet consists of 10 wholly-owned LNG carriers, including two ships delivered in 2010 and eight ships to be constructed by the world’s leading LNG shipbuilder, Samsung Heavy Industries.
GasLog’s eight ships on order are scheduled to be delivered on various dates between 2013 and 2015. All of company’s 10 owned ships are, or when delivered will be, sister ships equipped with the latest tri-fuel diesel electric (TFDE) propulsion technology.

GLOG announced today that the Board has appointed Paul Wogan as Chief Executive Officer.

Mr. Wogan joined GasLog in February 2012 as Chief Strategy Officer and will now take over the day to day running of the Company from Peter G. Livanos who has served as both Chairman and CEO since the company’s IPO in April 2012.
Mr. Livanos will continue in the role of Executive Chairman.

In addition, the Board has appointed Simon Crowe as Chief Financial Officer as of April 1, 2013 and Graham Westgarth as Executive Vice President Operations and Strategy as of January 14, 2013.

As part of the change in Senior Management, Philip Radziwill has stepped back from his executive position in the Company but will maintain his support of the Management through his position on the Board of GasLog. Both Peter G. Livanos and Philip Radziwill will continue to play a key role in guiding the strategy of the Company in the coming years.

Paul Wogan has 26 years’ experience in the shipping industry with many of those years spent leading large global shipping businesses. From 2004 to 2008 he was President of Teekay Tanker Services, which, with a fleet of 130 ships, was the largest commercial business unit of Teekay Shipping, a New York Stock Exchange listed company and one of the world’s largest tanker shipping companies. Prior to that he was CEO of Seachem Tankers, the world’s third largest chemical tanker company. In 2000 he was instrumental in arranging and executing the merger of Seachem with Odfjell ASA, forming the world’s largest chemical tanker and logistics company. Odfjell is listed on the Norwegian stock exchange. In 2008 he co-founded Sure Wind Marine Ltd. a company, which provides marine services to the offshore wind farm industry.