Free Porn
xbporn
20.4 C
Hamburg
Sunday, July 21, 2024
Home News GAC Group appoints new president

GAC Group appoints new president

GAC Group has announced the appointment of Pontus Fredriksson as its new group president effective from January 2023.

Fredriksson joined GAC in 2007 and has been group vice president of GAC’s Americas region since August 2019. He previously held various finance and managerial roles in the Middle East, including managing director of GAC Bahrain.

"His acumen and sound industry knowledge put him in a good position to lead the Group to further successes in a turbulent environment and I look forward to supporting him in his new role," stated Bengt Ekstrand, former group president.

Ekstrand has held the position for the past 10 years and now is going to take on the role of executive co-chairman alongside GAC’s long-standing executive chairman Björn Engblom.

According to CAC Group, Ekstrand’s tenure began at a time of economic turmoil in the Eurozone and expanding armed conflicts in the Middle East. Sluggish oil prices would soon plunge to less than US$45 per barrel.

During that period, Ekstrand launched a wide-ranging reform program within GAC known as Delta21. After that, significant structural and operational changes occurred, according to the group, making them more resilient, more efficient, and more profitable.

Ekstrand leaves the position with GAC reporting record results in recent years.





Latest Posts

Global IT outage disrupts operations at European box terminals

A global IT outage, caused by a software update from American cybersecurity technology company CrowdStrike, has prompted disruptions in several European container terminals, including...

Houthis fire projectiles at CMA CGM-operated ship

The Houthis have attacked a container vessel operated by French shipping company CMA CGM. The Maritime and Port Authority of Singapore (MPA) said that it...

Construction works commence at Long Beach Pier B On-Dock Rail Support Facility

U.S. Secretary of Transportation Pete Buttigieg and officials from across the United States attended a groundbreaking ceremony for “America’s Green Gateway,” the Pier B...

CMA CGM announces new Africa peak season surcharges

French ocean carrier CMA CGM has announced new peak season surcharges to Africa, effective from 1 August. The Marseille-based box line will apply a new...

Updated: Two tankers on fire in Singapore after collision

Fire broke out after two tankers collided in Singapore waters today (19 July). The Maritime and Port Authority of Singapore (MPA) said that at...