Per Wistoft named CEO of United Arab Chemical Carriers

Former Brightoil Shipping chief replaces outgoing CEO Jens Groenning.
United Arab Chemical Carriers, NEWS

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Per Wistoft has been appointed as new chief executive officer at United Arab Chemical Carriers (UACC).

He joins the company from Brightoil Shipping Pte Ltd in Singapore, where he held the position as CEO. Before that, Wistoft served as CEO and managing director of Gulf Navigation Holding (a Dubai stock-listed tanker owner) and Transpetrol in Belgium.

“Per Wistoft is the type of leader and character that we need in UACC to ensure continuity and continued growth in the segments we are in,” said Waleed Al Dawood, chairman of UACC’s board of directors.

“UACC’s healthy balance sheet and strong cash position means the company is in a unique position to continue its growth and we feel Per Wistoft is the right person and caliber to take the company forward.

“Per Wistoft brings over 30 years of commercial and managerial experience and expertise to UACC, he is very familiar with the line of business we are in and with the Middle East region in general.”

“I am very pleased to note that the smooth transition process we were hoping to achieve, has materialized,” said Jens Groenning, current CEO of UACC. “The time I have spent with UACC has been an extremely exciting part of my life, but after almost five years with UACC, it is time for me due to family reasons to leave the company and the Middle East.

“However, Per Wistoft is no doubt the right person to take this responsibility over and I am extremely glad on the company’s behalf, that Per will be taking the company forward.”

UACC, headquartered in the Dubai International Financial Centre in Dubai, owns and controls a fleet of 16 product- and chemical tankers within the medium range and Panamax LR1 segment, the average age of which is about 5 years.
 

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