Øystein Kalleklev joins CoolCo and EPS Gas after CoolCo merger

CoolCo and Eastern Pacific Shipping (EPS) have completed the merger between CoolCo and wholly owned subsidiary of EPS Ventures Ltd.

Both parties confirmed that the merger was successfully completed, with CoolCo becoming the wholly owned subsidiary of EPS Ventures Ltd. and its subsidiaries.

In connection with the merger completion on January 9, CoolCo has applied to be delisted from the New York Stock Exchange and Euronext Growth Oslo and CoolCo shall no longer trade on such exchanges.

EPS confirmed the appointment of Øystein Kalleklev as managing director of CoolCo and commercial director of EPS Gas from January 13.

With immediate effect, EPS said Richard Tyrrell has stepped down as chief executive officer of CoolCo.

In his dual roles, Øystein will lead CoolCo’s overall management and commercial strategy as it transitions into private ownership, while also overseeing commercial activities across EPS’ gas platform, supporting the company’s continued growth in LNG and gas shipping markets.

Øystein brings more than two decades of experience across shipping, energy, and finance. He most recently served as chief executive officer of both FLEX LNG and Avance Gas.

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