TORM plc Welcomes Simon Mackenzie Smith as New Chair of the Board

TORM plc Welcomes New Leadership

On December 16, 2025, TORM plc, a prominent carrier of refined oil products, announced the appointment of Simon Mackenzie Smith as the new Chair of the Board. This significant decision marks a strategic move for the company as it aims to bolster long-term value creation for its shareholders and ensure a seamless transition following the tenure of Chris Boehringer, who has held the position since 2015.

The decision reflects TORM’s dedication to continuity and strategic growth, with the Board emphasizing the importance of steady leadership during a time of evolving market dynamics. Chris Boehringer, who has been at the helm since 2015, expressed gratitude for the opportunity to serve. Under his leadership, TORM has not only improved its financial stability but has also significantly developed the One TORM platform, which has proven essential in maintaining the company's market leadership.

“I have cherished the role of Chair at TORM, a time in which we achieved considerable long-term value for our shareholders. With Simon now taking the lead, I am confident his extensive experience will foster further development and success for TORM,” stated Boehringer.

In his remarks, Simon Mackenzie Smith expressed enthusiasm about his new role, “I am honored to join TORM and look forward to enhancing the company's position in the industry. Our focus will remain on delivering sustained value to our customers and shareholders.”

Who is Simon Mackenzie Smith?

Simon Mackenzie Smith brings a wealth of experience to TORM, with a distinguished 35-year career in corporate finance and investment banking. Currently serving as Chair of Dowlais Group plc and a non-executive director at Interpath Limited, he has an impressive history of leadership within the financial sector. His most recent role was as Chair of Corporate and Investment Banking for the UK and Ireland at Bank of America Merrill Lynch, a position that honed his expertise in guiding international companies within energy and asset-intensive sectors.

The Board is confident that Mackenzie Smith’s insights and leadership will be pivotal in navigating the complexities of the current market, enhancing TORM's established reputation in safe and environmentally responsible transport of refined oil products. His approach is expected to further solidify TORM's commitment to safety, customer service, and environmental responsibility, solidifying the company’s status in a competitive landscape.

About TORM

Founded in 1889, TORM is a leader in the transportation of refined oil products, operating a fleet of product tanker vessels recognized for their commitment to safety and environmental stewardship. Listed on both the Nasdaq Copenhagen and the Nasdaq New York, TORM has a global reach, striving to offer exceptional service while adhering to strict safety and sustainability guidelines. The appointment of Simon Mackenzie Smith aligns with TORM's strategic goal to focus on long-term development and operational excellence.

As TORM continues to evolve under new leadership, the focus on maintaining high standards in safety and integrity remains unchanged, promising a bright future for both the company and its stakeholders.