new
cfo to join TORM executive management
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ANNOUNCEMENT
NO. 2 – 2008
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31
January 2008
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New
CFO to join TORM Executive Management
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Roland
M. Andersen has been appointed Chief Financial Officer (CFO) for
TORM.
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Roland
M. Andersen is 39 years old and he is currently CFO for the Danish
mobile
and broadband operator Sonofon/Cybercity. During 2000 – 2005 Roland
Andersen was CFO for private equity owned Cybercity. Prior to this
he has
held positions with A.P. Møller-Mærsk, the latest one as CFO for A.P.
Møller-Mærsk Singapore.
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Complementing
his professional experience, Roland M. Andersen holds a M.Sc. in
Corporate
Finance and has attended executive courses at London Business
School.
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Roland
M. Andersen expects to join TORM in the spring 2008.
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Contact
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A/S
Dampskibsselskabet TORM
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Telephone
+45 39 17 92 00
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Tuborg
Havnevej 18
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Klaus
Kjærulff, CEO
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DK-2900
Hellerup – Denmark
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Mikael
Skov, COO
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About
TORM
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TORM
is one of the world's leading carriers of refined oil products
as well as
being a significant participant in the dry bulk market. The Company
operates a combined fleet of more than 130 modern vessels, principally
through a pooling cooperation with other respected shipping companies
who
share TORM's commitment to safety, environmental responsibility
and
customer service.
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TORM
was founded in 1889. The Company conducts business worldwide and
is
headquartered in Copenhagen, Denmark. TORM’s shares are listed on the
Copenhagen Stock Exchange (ticker TORM) as well as on the NASDAQ
(ticker
TRMD). For further information, please visit www.torm.com.
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Safe
Harbor
Forward
looking statements
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Matters
discussed in this release may constitute forward-looking statements.
Forward-looking statements reflect our current views with
respect to future events and financial performance and may include
statements concerning plans, objectives, goals, strategies, future
events
or performance, and underlying assumptions and other statements,
which are
other than statements of historical facts. The forward-looking
statements
in this release are based upon various assumptions, many of which
are
based, in turn, upon further assumptions, including without limitation,
Management’s examination of historical operating trends, data contained in
our records and other data available from third parties. Although
TORM
believes that these assumptions were reasonable when made,
because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to
predict and are beyond our control, TORM cannot assure you that
it will achieve or accomplish these expectations, beliefs or
projections.
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Important
factors that, in our view, could cause actual results to differ
materially
from those discussed in the forward looking statements include
the
strength of world economies and currencies, changes in charter
hire rates
and vessel values, changes in demand for “tonne miles” of oil carried by
oil tankers, the effect of changes in OPEC’s petroleum production levels
and worldwide oil consumption and storage, changes in demand that
may
affect attitudes of time charterers to scheduled and unscheduled
dry-docking, changes in TORM’s operating expenses, including bunker
prices, dry-docking and insurance costs, changes in governmental
rules and
regulations including requirements for double hull tankers or actions
taken by regulatory authorities, potential liability from pending
or
future litigation, domestic and international political conditions,
potential disruption of shipping routes due to accidents and political
events or acts by terrorists. Risks and uncertainties are further
described in reports filed by TORM with the US Securities and Exchange
Commission, including the TORM Annual Report on Form 20-F and its
reports
on Form 6-K.
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Forward
looking statements are based on management’s current evaluation, and TORM
is only under obligation to update and change the listed expectations
to
the extent required by law.
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A/S
STEAMSHIP COMPANY TORM
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(registrant)
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Dated:
January 31, 2008
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By:
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/s/
Klaus Kjærulff
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Klaus
Kjærulff
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Chief
Executive Officer
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