The Nomination and Remuneration Committee of the Steamships Trading Company Limited Board of Directors recommended the appointment of Peter Langslow to succeed Geoffrey Cundle as the Managing Director and CEO of Steamships with effect from 12 January 2015. Mr. Cundle will remain as a director of the company and will succeed William Rothery as Chairman with effect from his retirement on 28th February 2015. Mr. Langslow is a senior executive seconded from the Swire Group of companies.