Board of directors

Our Board comprises nine Directors whose complementary expertise and shared commitment to responsible investment and management practices is harnessed in the overall interests of our diverse shareholders and other stakeholders.

Executive director

  • Martin Fruergaard
    Chief Executive Officer
  • Martin Fruergaard

    Chief Executive Officer


    Mr. Fruergaard joined Pacific Basin as an Executive Director in July 2021. He previously spent 26 years with A.P. Moller-Maersk A/S in Copenhagen and Houston, starting in 1989 at Maersk Tankers followed by the group’s gas carrier operation until 1995, before occupying managerial and leadership positions including senior director of Maersk Bulk Carriers, senior vice president of Maersk Tankers, and chief commercial officer of Maersk Drilling. From 2015 to June 2021, he served as chief executive officer of gas tanker owner and operator Ultragas.

    Education & qualifications:

    International Institute for Management Development: EMBA degree
    Various executive courses at IMD and Harvard Business School
    Advanced Management Program at Harvard Business School

    Term of office:

    Appointed Executive Director in July 2021
    Current term expires at the 2027 AGM

    External appointments:

    Executive Committee member of the Hong Kong Shipowners Association

    Committee membership:

    Chairman of Executive Committee

    Independent non-executive directors

  • Stanley H. Ryan
    Chairman
  • Irene Waage Basili
    Independent Non-executive Director
  • Kirsi K. Tikka
    Independent Non-executive Director
  • Stanley H. Ryan

    Chairman


    Mr. Ryan served with Cargill, Inc. for 25 years in executive and general management roles worldwide including as general manager of Cargill’s oilseed operations, and Venezuela and Brazil refined oils businesses. He was president of Cargill’s North American dressings, sauces and oils business, and managing director of Cargill’s refined oils business in Europe and food ingredients business in Australasia. He was a global co-leader of Cargill’s agricultural supply chain businesses and member of its global corporate centre. Mr. Ryan served as an independent director at Eagle Bulk Shipping Inc. from October 2014 to June 2016 and as Eagle Bulk’s interim chief executive officer from March to September 2015. He also served as a chief executive officer and a president of Darigold, Inc. from February 2016 to March 2022.

    Education & qualifications:

    University of Notre Dame: Bachelor of Economics and Computer Applications degree
    University of Chicago: MBA & Master of Arts degree in International Relations

    Term of office:

    Appointed as INED in July 2016
    Current term expires at the 2027 AGM

    External appointments:

    Senior advisor of McKinsey & Company
    Independent director of Toronto-listed Saputo Inc.

    Committee membership:

    Chairman of Nomination Committee
    Member of Remuneration Committee

    Irene Waage Basili

    Independent Non-executive Director


    Mrs. Basili held various managerial positions in the shipping industry, including Western Bulk Carriers Holding ASA. From 1999 to 2007 she held various positions in Wallenius Wilhelmsen Logistics, including as commercial director in 2004. From 2007 to 2011, she served as vice president, marine business unit of Petroleum Geo Services following its acquisition of Arrow Seismic ASA where she was the chief executive officer. She also served as a director of Odfjell SE from December 2008 to May 2014, the chief executive officer of GC Rieber Shipping from March 2011 to April 2017, a director and the deputy chairman of Kongsberg Gruppen ASA from May 2011 to May 2019 and a director of Wilh. Wilhelmsen Holding ASA from May 2016 to May 2020 (all listed on the Oslo Stock Exchange).

    Education & qualifications:

    Boston University: Bachelor of Business Administration degree

    Term of office:

    Appointed INED in May 2014
    Current term expires at the 2026 AGM

    External appointments:

    Chief executive officer of Shearwater Geoservices

    Committee membership:

    Chairman of Remuneration Committee
    Member of Nomination Committee

    Kirsi K. Tikka

    Independent Non-executive Director


    Dr. Tikka served with American Bureau of Shipping (“ABS”) for 18 years from 2001 to 2019, having started as vice president, engineering and then in a variety of specialist and leadership roles including as vice president, global technology, business development and special projects (2005-2011), vice president and chief engineer, global (2011-2012); president and chief operating officer, ABS Europe Division (2012–2016); executive vice president, global marine (2016-2018), and executive vice president and senior maritime advisor (2018-2019). Prior to joining ABS, Dr. Tikka was a professor of Naval Architecture at Webb Institute in New York (1996-2001) and she worked as a naval architect, operations planner and analyst at Wartsila Shipyards and Chevron Shipping.

    Education & qualifications:

    University of California, Berkeley: PhD in Naval Architecture and Offshore Engineering
    University of Technology, Helsinki: Master’s degree in Solid Mechanics and Naval Architecture 
    Harvard Business School: Executive Training Program, Management Development

    Term of office:

    Appointed INED in September 2019
    Current term expires at the 2025 AGM

    External appointments:

    INED of New York-listed Ardmore Shipping Corporation

    Committee membership:

    Chairman of Sustainability Committee
    Member of Nomination Committee

     
  • John M.M. Williamson
    Independent Non-executive Director
  • Kalpana Desai
    Independent Non-executive Director
  • Wang Xiaojun Heather
    Independent Non-executive Director
  • John M.M. Williamson

    Independent Non-executive Director


    Mr. Williamson served as independent non–executive director of Hong Kong Exchanges and Clearing Limited for 13 years (2008 to 2021) where he acted as chairman of the board risk committee and a member of several board governance committees. He was chief executive officer at SAIL Advisors Limited (2011 to 2018); senior managing director (2012 to 2018), chief financial officer (2007 to 2018), and managing director (2007 to 2011) at Search Investment Group; managing director and head of infrastructure & operational risk at Morgan Stanley Asia (1998 to 2007); chief operating officer at NatWest Securities Asia Holdings (1994 to 1998); managing director at NatWest Investment Services, London (1992 to 1994); and INED of Nasdaq-listed Provident Acquisition Corp. (2021-2022).

    Education & qualifications:

    Heriot-Watt University: Bachelor of Arts degree
    Chartered Accountant & member of The Institute of Chartered Accountants of Scotland
    Fellow of the Chartered Institute for Securities and Investment, UK
    Senior Fellow of the Hong Kong Securities and Investment Institute
    Member of the Hong Kong Management Association

    Term of office:

    Appointed INED in November 2020
    Current term expires at the 2026 AGM

    External appointments:

    Non-executive chairman of UK Tote Group Limited
    Chairman and non-executive director of London Metal Exchange

    Committee membership:

    Chairman of Audit Committee

    Kalpana Desai

    Independent Non-executive Director


    Ms. Desai has over 30 years of international advisory and investment banking experience. She was Head of Macquarie Capital Asia, the Investment Banking division of Macquarie Group Limited, from 2009 to 2013. Prior to this, she was Head of the Asia-Pacific Mergers & Acquisitions Group and a managing director in the Investment Banking division of Bank of America Merrill Lynch in Hong Kong from 2001 to 2009, having joined the firm in 1998. Ms. Desai was a member of the Takeovers and Mergers Panel of the Securities and Futures Commission in Hong Kong from 2007 to 2014 and was a non-executive director of Canaccord Genuity Group Inc., headquartered in Canada, from 2013 to 2019.

    Education & qualifications:

    London School of Economics and Political Science: Bachelor of Economics degree
    Harvard Business School: Corporate Director Certificate
    ​Fellow member of the Institute of Chartered Accountants in England and Wales

    Term of office:

    Appointed as INED in February 2025 for 3 years (subject to re-election at the 2025 AGM)

    External appointments:

    Director of New York-listed Janus Henderson Group PLC and UK Government Investments Limited

    Committee membership:

    Member of Audit and Sustainability Committees

    Wang Xiaojun Heather

    Independent Non-executive Director


    Ms. Wang joined General Electric (“GE”) in 1994 and has nearly 30 years of extensive experience in human resources and has held numerous leadership roles across various business segments, including GE Lighting, GE Capital, GE International, GE Global Growth Organization (GGO) and GE Corporate across the US, Europe and Asia, until her retirement as the Vice-President of GE (a position appointed by the GE Board in 2009) and Human Resources leader for GE International Markets in July 2023. Prior to joining GE, she worked with China International Trust and Investment Corporation and AT&T Beijing Fiber Optic Cable Co in business and human resources management roles.

    Education & qualifications:

    Rutgers Business School: MBA

    Term of office:

    Appointed as INED in February 2025 for 3 years (subject to re-election at the 2025 AGM)

    External appointments:

    INED of Hong Kong-listed CLP Holdings Limited

    Committee membership:

    Member of Remuneration and Sustainability Committees

    Non-executive directors

  • Alexander H.Y.K. Cheung
    Non-executive Director
  • Mats H. Berglund
    Non-executive Director
  • Alexander H.Y.K. Cheung

    Non-executive Director


    Mr. Cheung served with Linklaters in London in 1994 where he commenced his legal career, before moving to their Hong Kong office in 1999 where he specialised in corporate finance, Hong Kong Stock Exchange listings, regulatory matters and mergers and acquisitions. In 2005, he joined the Hong Kong law firm, Vincent T. K. Cheung, Yap & Co. as a partner and the head of the firm’s Central branch. He advises numerous clients on a broad range of corporate, commercial, capital markets, regulatory and employment matters. He is also well versed in governance and compliance matters.

    Education & qualifications:

    King’s College London: LLB Hons Degree
    Qualified as a solicitor in England and Wales and in Hong Kong.

    Term of office:

    Appointed as NED in January 2022
    Current term expires at the 2025 AGM

    External appointments:

    None

    Committee membership:

    Member of Audit and Remuneration Committees

    Mats H. Berglund

    Non-executive Director


    Mr. Berglund served with Swedish conglomerate Stena group from 1986 to 2005, occupying managerial and leadership positions in various Stena group shipping businesses in Sweden and the USA including group controller of Stena Line, vice president and chief financial officer of both Concordia Maritime and StenTex (a Stena Texaco joint venture), president of StenTex, and vice president and president of Stena Rederi AB (Stena’s parent company for all shipping activities). From 2005 to 2011, he was senior vice president and head of Crude Transportation for New York-listed Overseas Shipholding Group Inc. Between March 2011 and May 2012, he served as chief financial officer and chief operating officer at Chemoil Energy Limited, a Singapore listed global trader of marine fuel products. He acted as the Chief Executive Officer and Executive Director of Pacific Basin from 2012 to July 2021.

    Education & qualifications:

    Gothenburg University Business School: an Economist (Civilekonom) degree
    Advanced Management Program at Harvard Business School

    Term of office:

    Appointed as NED in January 2024 for 3 years
    Current term expires at the 2027 AGM

    External appointments:

    Independent director of New York-listed Ardmore Shipping Corporation, Northern Marine Group and Toronto-listed Algoma Central Corporation

    Committee membership:

    Member of Nomination and Sustainability Committees

Cookies and Privacy Policy

We use cookies to enhance user experience, as well as to provide reporting information. You can provide your consent by clicking “Accept and close”. You are free at any time to block or delete cookies through your browser.

Accept and close Read More