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Torm nabs Svitzer cfo

Torm nabs Svitzer cfo
Torm has announced the appointment of Mads Peter Zacho, current cfo of Svitzer, as its new cfo.

"We are very pleased with the appointment of Mads. He has relevant experience from various positions in global organizations, and he has a unique insight into the financial and accounting aspects of the shipping industry," said Torm ceo, Jacob Meldgaard.

Zacho, who has previous experience at Goldman Sachs, Unibank and Nordea, will take up the position on 1 September 2013.

Roland Andersen, the previous cfo at Torm, quit in April this year after successfully completing the company's restructuring.