Markus Wenker has resigned from his position as chief financial officer (CFO) of First Ship Lease Trust’s (FSL Trust) trustee-manager.
Wenker, who was appointed to the position in May 2020, will be leaving his current role on Nov 30.
According to a bourse filing, Wenker will leave to join Yinson Production Offshore as CFO. Yinson Production Offshore is one of the four business divisions under Malaysia oil-services firm Yinson.
“The board takes this opportunity to thank Mr Wenker for his personal dedication, strong leadership and invaluable contributions to the trustee-manager and FSL Trust during his tenure and wishes him every success for his future,” says FSL Trust in a statement dated Sept 1.
The board adds that it has begun the process to find Wenker’s replacement. The new CFO will be announced in due course when the appointment is made.
Shares in FSL Trust closed 0.1 cent lower or 1.37% down at 7.2 cents on Sept 1.