LONDON, UK: Taylor Maritime Investments Limited, the specialist dry bulk shipping company, has announced that Henry Strutt has been appointed as non-Executive Chair of the Company with effect from 1 June 2023.

Henry brings extensive financial services experience from his time spent in senior positions at several financial institutions, including Robert Fleming Group of Companies, Smith & Williamson, and Harrods Bank. He also has considerable investment trust experience and currently serves as Chair of the Edinburgh Worldwide Investment Trust plc.

On appointment, Henry will be appointed as a member of the Nomination and Remuneration Committee and the ESG & Engagement Committee, and Frank Dunne will re-join the Risk and Audit Committee.

The Company has also announced a number of changes to its senior management team and to its organisation, to lead the next phase of value delivery. The changes include the appointment of new executives for some of its key functions and business segments, such as De Beers, Projects & Development, People & Organisation, Strategy & Sustainability, and Legal & Corporate Affairs. The Company has also consolidated its production businesses into two regions: Americas and Africa & Australia, each led by a Regional Director.

Edward Buttery, CEO of TMIL said: “I am delighted to welcome Henry at such a formative time for TMIL. His extensive management experience in both financial services and the investment trust space will position us ideally as we look to generate compelling synergies from our recent acquisition of Grindrod and face the market as a force to be reckoned with in geared dry bulk”.

Henry Strutt, incoming Chair, commented: “Joining TMIL at this fascinating inflection point is a wonderful opportunity. I am looking forward to providing counsel to Ed and the wider TMIL management team as the business crystallises its position as a significant owner of dry bulk ships”.

Frank Dunne, Interim Chair and SID added: “I am pleased to be passing the baton into Henry’s capable hands. His expertise and track record make him an excellent fit for TMIL as the business looks to capitalize on an improving market and robust fundamentals for the years to come. I look forward to continuing to contribute to TMIL’s success in my position as SID”.

TMIL is an investment company specializing in the Handysize and Supra/Ultramax bulk carrier segments of the global shipping sector. It listed on the premium segment of the London Stock Exchange in May 2021, with an investment objective to deliver stable, growing income and potential for capital growth.