Oceanteam informed that Bote de Vries, who was appointed non-executive director during an EGM on May 9, 2017, will step down per July 10, 2017.

As from day one his particular responsibilities have required and will require more time than initially expected. Additionally, according to Bote de Vries, for now his role should be rather an executive role than a non-executive, since Oceanteam is still in the process of recruiting its new CFO.

Oceanteam said it will enter into reviewing several candidates to replace Bote de Vries and at short notice expect to present a new board member candidate to its shareholders that represent its bondholders.

Oceanteam’s chairman of the board, Hessel Halbesma, said: “We have accepted Mr. De Vries’ considerations and his one argument to resign, being a lack of time to keep the company on track and implement our strategic roadmap. With regards to his knowledge and industry expertise it is a temporary setback to say goodbye already. We really have been looking forward to work with him. However, we are confident that our bondholders will take a decision very soon about their new candidate(s) board member to represent them in Oceanteam’s board.”