Michael_See3.15Michael See, 52, owns 24.257 m shares of Otto Marine.
Photo: Company


Michael See, 52.

2007: Joined the company as CFO and Senior VP.

March 2012: Appointed Group CFO and Executive VP.

March 2013: Appointed Executive Director and Group CFO.

Feb 2014: Appointed Group Executive Director.

April 2015: Appointed Group CEO.


JUST EIGHT YEARS after joining Otto Marine, Michael See has reached the top post as Group CEO.

His appointment, which took effect yesterday, was announced yesterday by the offshore marine company which specialises in building complex offshore support vessels, ship chartering and offers specialised offshore services. 

The former Group CEO, Garrick James Stanley, will take up the role of President of the Group’s Shipping and Chartering segment, which is the largest segment contributor of the Group.

Reporting to the Group CEO, Mr. Stanley will be responsible for the overall performance of Shipping and Chartering and will be accountable for its profitability, growth and sustainability.

Stock price 
(2 Apr 2015)

3.2 cents

PE (ttm)

-

Estimated P/E (12/2015)

-

Market cap

S$136 million

Price/book

0.38

Dividend yield

-

Mr. See's CEO responsibilities will be supported by the President of Shipyard, President of Shipping and Chartering, Senior Executive VP for Newbuilding, Group Chief Financial Officer, and other members of the senior management team.

Mr See, said: “I would like to extend my appreciation to the Board of Directors for their recognition and continual support of me. The volatility and declining oil prices present a challenging market. With the team we have, I am confident of achieving our goals in spite of the challenges posed by the market. We are positive that Mr. Stanley’s extensive experience will be an asset to our shipping and chartering segment."

Recent stories:

Oil price plunged? But OTTO MARINE secures US$64 m of charter and options

OTTO MARINE: US$100m vessel sale & leaseback to boost FY2014 results

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