Grindrod Shipping gains after management changes

Taylor Maritime

21/03/2023 14:04

** Shares of drybulk shipping services company Grindrod
Shipping Holdings Ltd  GRIN.O  up 2.4% at $11.67 
    ** Company said on Monday Stephen Griffiths, interim chief
executive officer and chief financial officer, was to retire
 urn:newsml:reuters.com:*:nGNXc66j4j 
    ** Griffiths will also retire from his board position
    ** Board appoints Edward Buttery as CEO and Deborah Davel as
CFO, effective April 1
    ** Buttery to retain  urn:newsml:reuters.com:*:nRSU5712Ta CEO position at Taylor
Maritime Investments Limited  TMI.L  that acquired GRIN in
October 2022
    ** Up to last close, shares of GRIN fell ~38.96% YTD

 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))