HAMILTON, Bermuda, Jan. 9, 2023
/PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore"
or the "Company") today announced the appointment of Mr. James
Fok to the Company's Board of Directors as a Class III
director, and he is expected to serve on the audit and nominating
committees.
James Fok has more than 20 years
of experience as a financial and strategic advisor to corporations
and governments, with particular expertise in Asian cross-border
capital markets transactions and mechanisms. From 2012 until 2021,
he served as a senior executive at Hong Kong Exchanges and Clearing
(HKEX), playing a major role in a number of landmark capital
markets internationalization initiatives. Previously, Mr. Fok
served as an investment banker at multiple bulge bracket firms in
both Europe and Asia, focusing on the financial services
sector. He currently serves as an Advisor to Bain & Company, is
on the Advisory Board of Hex Trust, a provider of bank-grade
custody for digital assets, and serves as an International Member
of Ireland for Finance's Industry
Advisory Committee. Mr. Fok holds a BA (Hons) in Law and Chinese
from the School of Oriental & African Studies of the University
of London and is a published
author on the subject of Sino-American financial relations.
Curtis McWilliams, Chairman of
the Board of Ardmore Shipping, commented, "We are delighted to
welcome James to the Ardmore Board, where we expect to benefit from
his extensive expertise in Asian financial markets and business
culture, along with his unique perspective on the macro-economic
and geopolitical factors shaping our industry. As we continue to
focus on financial strength and operational excellence with our
fleet of modern, fuel-efficient product and chemical tankers, we
believe James will play an important role in ensuring that Ardmore
continues to prosper in an ever-changing and increasingly complex
world."
About Ardmore Shipping
Corporation
Ardmore owns and operates a fleet of MR product and chemical
tankers ranging from 25,000 to 50,000 deadweight tonnes. Ardmore
provides seaborne transportation of petroleum products and
chemicals worldwide to oil majors, national oil companies, oil and
chemical traders, and chemical companies, with its modern,
fuel-efficient fleet of mid-size tankers.
Ardmore's core strategy is to continue to develop a modern,
high-quality fleet of product and chemical tankers, build key
long-term commercial relationships and maintain its cost advantage
in assets, operations and overhead, while creating synergies and
economies of scale as the Company grows. Ardmore provides its
services to customers through voyage charters, commercial pools,
and time charters, and enjoys close working relationships with key
commercial and technical management partners.
Forward-Looking
Statements
The statements in this press release that are not historical
facts may be forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause the
outcome to be materially different. These risks and uncertainties
include, among others, those discussed in Ardmore's public filings
with the U.S. Securities and Exchange Commission. Ardmore
undertakes no obligation to revise or update any forward-looking
statements unless required to do so under the securities laws.
Investor Relations
Enquiries:
The IGB Group
Mr. Leon Berman
Tel: 212-477-8438
Fax: 212-477-8636
Email: lberman@igbir.com
Or
Mr. Bryan Degnan
The IGB Group
Tel: 646-673-9701
Email: bdegnan@igbir.com
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SOURCE Ardmore Shipping Corporation