Western Bulk Chartering AS (Western Bulk, OSE:WEST) today announces the
appointment of Torbjørn Gjervik as Chief Executive Officer (CEO) effective 01
September 2024.

"I am pleased to announce Torbjørn as the new CEO of Western Bulk. He brings
vast industry experience, a track record and a strong personal drive to enhance
our value creation opportunities as a trading oriented, asset-light dry bulk
operator. Torbjørn is a true company man with a Western Bulk pedigree spanning
from trainee entry in 2011 to climbing the ladder to the very top. We look
forward to continuing to work closely with him and the management team for the
further development of Western Bulk," says Bengt A. Rem, Chairman of the Board
of Directors.

Reference is made to the announcement 4 March 2023 with the appointment of Board
member Ørjan Svanevik as interim CEO. The Board has conducted a thorough
recruitment process and has appointed Gjervik as CEO effective 01 September
2024, with Svanevik continuing in his position as Board member.

Gjervik comes from the position as Head of North Atlantic and has served in
several management positions across the Western Bulk global network and offices,
including a 7-year span in Singapore where he also served as Managing Director. 


"I'm excited to be working on further refining our asset-light trading model,
together with great colleagues across the globe. We are on the right path,
working smart and hard together as one company to create value for our
shareholders and our customers in the dry bulk market,", Gjervik concludes.

For more information, please contact: 

Bengt A. Rem, Chairman
+47 23 11 70 00
bengt.rem@kistefos.no 

Torbjørn Gjervik, Head of North Atlantic
+47 23 13 34 94
torbjorn.gjervik@westernbulk.no 


About Western Bulk Chartering:
Western Bulk Chartering AS is a major dry bulk shipping operator. The company is
owned by the Kistefos Group (68,7 %), Sayonara AS (former Ojada AS) (8,3 %), and
a group of about 1200 other shareholders. Western Bulk Chartering AS is
registered on Euronext Growth Oslo. 

See www.westernbulk.com for more information.

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