LONDON, UK: Clarkson Plc, world’s leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, announced that Laurence Hollingworth has been appointed Chair with immediate effect.
Laurence joined the Clarksons Board in July 2020 and brings extensive experience in the capital markets and a strong understanding of the broking environment following a 37-year career in stockbroking and investment banking with Cazenove and JP Morgan.
He held several senior leadership roles at JP Morgan including Head of UK Investment Banking, Head of EMEA Industry Coverage and finally as Vice Chairman for Equity Capital Markets EMEA. He is currently the Non-Executive Chairman at ABM Communications, and a Non-Executive Director at Recycling Technologies and Atom Bank PLC.
As Chair of the Board, Laurence will step down from his role as a member of the Audit and Risk Committee, will remain a member of the Remuneration Committee and will become Chair of the Nomination Committee.
Following the appointment of Laurence as successor, Sir Bill Thomas will step down from the Board today.
Andi Case, CEO, commented “We are very pleased to welcome Laurence to his new role as Chair of the Board. Since he joined Clarksons in 2020 he has proven himself an invaluable advisor with a wealth of experience in the broking sector and I look forward to working with him in his new position.
We thank Bill for his leadership of the Board over the last three years and wish him all the best for the future.”
Laurence Hollingworth, incoming Chair of Clarksons, said: “I am delighted and privileged to succeed to the position of Chair of Clarksons. Over the last two years I have seen first-hand the expertise, teamwork and determination that have enabled the Company to navigate the global challenges brought about by Covid-19 with tremendous success. There is no doubt in my mind that Clarksons is the leading service provider across all of its markets. I look forward to continuing to work with the Board to lead the Company into the next successful stage of its journey as it seeks to lead the industry through the Green Transition, deliver for clients across all verticals and increase value for shareholders.”
Clarkson PLC is the world’s leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade.
Founded in 1852, Clarksons offers diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all key shipping and offshore sectors.
The company has delivered 18 years of consecutive dividend growth. The highly cash generative nature of the business, supported by a strong balance sheet, has enabled Clarksons to continue to invest to position the business to capitalise on the upturn in its markets.
Clarksons is listed on the main market of the London Stock Exchange under the ticker CKN and is a member of the FTSE 250 Index.
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