OSG announces leadership transition
Overseas Shipholding Group, Inc. (NYSE:OSG) (the “Company” or “OSG”) appointed OSG Director Samuel H. Norton a senior vice president of the Company and president and CEO of the U.S. Flag Strategic Business Unit, effective July 17, 2016, OSG said in a press release.
Mr. Norton is replacing Henry Flinter, who is stepping down from his role and retiring from OSG.
Mr. Norton, who will remain on the board while serving in his new role, has been on the board since 2014. In 2006, he co-founded SeaChange Maritime, LLC, an owner and operator of container ships, and had served as chairman and CEO of that company since its inception. Mr. Norton spent the seventeen-year period ending July 2005 as a senior executive officer at Tanker Pacific Management (Singapore) Pte. Ltd. In 1995, Mr. Norton initiated and led the entry of the Sammy Ofer Group into the container segment, and acquired and operated the first container vessels in the group’s fleet. While at Tanker Pacific, Mr. Norton also started a related business, Tanker Pacific Offshore Terminals, which owns and operates a fleet of floating, offshore oil storage terminals. Prior to joining the Ofer group, Mr. Norton played a lead role in the Asian distressed assets group of the First National Bank of Boston, a position which acquainted him with the shipping industry and the Ofer family.
About OSG
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded tanker company providing energy transportation services for crude oil and petroleum products in the U.S. and International Flag markets. OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in New York City, NY.
