KNOT Offshore Partners LP Announces CEO/CFO Stepping Down
April 10 2023 - 5:57AM
Business Wire
KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP), an
owner and operator of shuttle tankers, announced today that Gary
Chapman, KNOP’s CEO and CFO, has given notice that he intends to
resign from his roles at the Partnership in order to pursue an
opportunity outside of the shuttle tanker sector.
Mr. Chapman will remain available to assist the Partnership in
his current roles for up to six months in order to provide the
Partnership with time to find and appoint a suitable successor and
to ensure a smooth transition.
Trygve Seglem, Chairman of KNOP’s Board of Directors, commented:
“On the behalf of our Board, I would like to thank Gary for his
significant contribution to KNOP and for providing leadership and
clarity through a challenging transitional period for the
Partnership and the shuttle tanker industry. We appreciate that he
will continue to provide us with stability and leadership as we
seek to find and appoint a suitable successor.”
About KNOT Offshore Partners LP
KNOT Offshore Partners LP owns, operates and acquires shuttle
tankers primarily under long-term charters in the offshore oil
production regions of the North Sea and Brazil. KNOT Offshore
Partners LP is structured as a publicly traded master limited
Partnership but is classified as a corporation for U.S. federal
income tax purposes, and thus issues a Form 1099 to its
unitholders, rather than a Form K-1. KNOT Offshore Partners LP’s
common units trade on the New York Stock Exchange under the symbol
“KNOP”.
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KNOT Offshore Partners LP Gary Chapman Chief Executive
Officer and Chief Financial Officer Email:
ir@knotoffshorepartners.com Tel: +44 1224 618 420
KNOT Offshore Partners (NYSE:KNOP)
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