Golden Ocean Remakes Board Following Activist Push

Dow Jones2025-03-22

By Connor Hart

Golden Ocean Group is switching up its board following pressure from an activist investor.

The marine-shipping company on Friday appointed Patrick De Brabandere and Patrick Molis to its board of directors.

At the same time, Ola Lorentzon, John Fredriksen, Ben Mills and Cato Stonex will step down from their respective roles on the board.

Golden Ocean's board now consists of four members, according to the company.

"In its new composition, the board of directors looks forward to initiate conversations with the company's new reference shareholder, CMB.TECH," the company said. It expects conversations to include potential strategic options, commercial cooperation, operational and technical partnerships and other forms of business combinations.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 21, 2025 18:16 ET (22:16 GMT)

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