Monaco, Nov. 25, 2019 — GasLog Ltd. (“GasLog” or the “Company”) makes the following update on recent organizational changes.
Since GasLog’s inception in 2002, the company has constantly adapted and developed to stay at the forefront of the LNG shipping industry. The diversity and breadth of our customer base has increased considerably, our fleet has grown to 35 ships, our total assets to $5.3 billion and our workforce has expanded. This has been achieved while maintaining the highest standards of safety and service excellence. GasLog is now recognised as one of the leading global providers of LNG shipping services.
Following this period of rapid growth, the business needs to renew its focus on execution, efficiency and operational excellence. To achieve this, we have announced plans to relocate more of our people and most of the senior management to the Piraeus, Greece office, home of our operational platform. As a result, we will close the Monaco office, whilst the London office will focus primarily on chartering activities and company secretarial duties. The offices in Singapore, Korea and the US will be unaffected by the changes.
Our CEO, Paul Wogan, and our COO, Paolo Enoizi, are already located in Greece along with other members of the senior management team. Our CFO, Alastair Maxwell, and Head of Commercial, Jasper Heikens, will relocate to Greece in early January 2020. The CEO of GasLog Partners LP, Andy Orekar, will continue to be based in the US.
Throughout this transition period we remain committed to ensuring absolute continuity of our relationships with our customers and business and financial partners. Looking forward, we expect that these changes we are making will allow us to continue to improve our service delivery in all areas of our business.
Head of Investor Relations
Deputy Head of Investor Relations
Phone: +1 212-223-0643
GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog’s consolidated fleet consists of 35 LNG carriers. Of these vessels, 19 (12 on the water and seven on order) are owned by GasLog, one has been sold to a subsidiary of Mitsui Co. Ltd. and leased back by GasLog under a long-term bareboat charter and the remaining 15 LNG carriers are owned by the Company’s subsidiary, GasLog Partners LP. GasLog’s principal executive offices are at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco. Visit GasLog’s website at http://www.gaslogltd.com.
About GasLog Partners
GasLog Partners is a growth-oriented master limited partnership focused on owning, operating and acquiring LNG carriers under multi-year charters. GasLog Partners’ fleet consists of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm. GasLog Partners’ principal executive offices are located at Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco. Visit GasLog Partners’ website at http://www.gaslogmlp.com.