Frank Coles joins Wallem as new CEO
After having left Transas, Frank Coles has joined Wallem
The move comes less than six months after Coles, as Transas CEO, negotiated the successful USD 258 million sale of the navigation, simulation and fleet management specialist to Finnish technology company Wärtsilä. With a background in maritime law, communications and navigation technology, Coles will replace Wallem’s outgoing CEO, Simon Doughty, who announced his decision to step down earlier this year.
Wallem chairman Nigel Hill commented: “We are delighted that Frank has agreed to join us. The shipping services sector is grappling with a wide range of challenges and opportunities at present. We are confident that we have found the right person to ensure that Wallem stays in the forefront of delivering first-class maritime solutions to its customers, as it has done throughout its long history.”
Wallem was originally established as a shipbroking firm in China by Haakon Wallem in 1903. It now has 46 offices around the globe and is one of the world’s largest ship managers, agency and marine asset protection companies.
