LBC Tank Terminals has appointed Frank Erkelens as its new group CEO, replacing Walter Wattenbergh who is set to retire.
Erkelens, who has extensive international leadership experience in the tank terminals and logistics sector and was recently CEO of Odfjell Terminals, will start on October 15. Wattenbergh will retire from the company on September 30.
Erkelens says: 'It is a privilege and I am very excited to lead LBG into the next phase of its development and to deliver long-term growth and value creation. Under the leadership of Walter, LBC underwent a substantial turnaround and the company is well positioned to capture the growth opportunities in the markets it is serving.
'With the support of LBC's strong shareholders and together with the team at LBC the focus will be on delivering value for LBC's customers, shareholders, partners and employees, as this will continue to drive LBC's success and growth in the future.'
LBC Tank Terminals' chairman Haroun van Hövell adds: 'Suring nearly five years with the company, Walter has successfully led LBC through a significant turnaround by streamlining the business and refocusing on growth initiatives in order to better serve client needs. We are very grateful to Walter for the many contributions he has made
'[Frank's] vast experience, track record and strong reputation will be of great value to LBC. Frank will build on Walter's legacy and steer the business through the next phase of its strategic development.'
Wattenbergh says: 'It was a great pleasure to work with so many talented professionals at LBC and to see the company flourish. I am pleased to leave the organisation in the very capable hands of Frank.'