TORM Names Mads Peter Zacho New CFO

Mads Peter Zacho (44) has been appointed new Chief Financial Officer (CFO) of TORM

. With an educational background as M.Sc. from the University of Copenhagen, Mads Peter Zacho began his professional career in banking working with Goldman Sachs Intl. and Unibank before joining the International Finance Corporation in Washington D.C. Mads Peter Zacho was with Nordea in Copenhagen before being recruited to A.P. Moller Maersk, where he was appointed Deputy Head of Group Finance. He joined Svitzer in 2010 where he is CFO today. "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," says Jacob Meldgaard. As announced on 24 April 2013, Roland M. Andersen has chosen to resign from the CFO position in order to pursue other opportunities outside TORM. Mads Peter Zacho will take on the position as CFO of TORM on 1 September 2013. As a result of the restructuring process, the Board of Directors has decided that going forward the Executive Board only consists of the CEO.