Navigator Holdings Ltd. (NVGS) Announces CEO Will Step Down

October 28, 2021 6:04 AM EDT

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Navigator Holdings Ltd. (NYSE: NVGS), a leading provider of seaborne transportation and distribution of liquified gases, announces that Dr. Henry “Harry” Deans has given notice that he intends to step down as Navigator’s Chief Executive Officer (“CEO”) and as a member of its Board of Directors (the “Board”), effective October 28, 2021.

Dr. Deans was appointed as a member of the Board in November 2018 and became CEO in August 2019. During his tenure as CEO, Dr. Deans oversaw the merger of the fleet and business of Ultragas ApS with that of Navigator’s, growing the fleet to a total of 55 vessels.

Dag von Appen, Navigator’s Non-Executive Chairman commented:

“On behalf of the Board, I would like to thank Harry for his service and contribution to the business during his time at Navigator. We wish him all the best for his future endeavours.”

Dr. Deans, Navigator’s outgoing CEO commented:

“I’ve thoroughly enjoyed my time at Navigator and I’m glad I was at the helm to commission the ethylene terminal and successfully complete the merger with Ultragas. Now is an appropriate time for someone with a more seasoned maritime background to take the lead at the Company. I wish the Navigator team all the best for the future.”

A process to identify the successor of Dr. Deans as CEO will commence immediately. In the interim, a committee comprising existing management executives, namely, Chief Financial Officer, Niall Nolan, Chief Commercial Officer, Oeyvind Lindeman, and Michael Schröder, CEO of Ultragas ApS Denmark, Country President and Integration Officer, will lead Navigator, until such successor has joined the Company.



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