Martin Sato returns as CEO at Lauritzen Bulkers

Lauritzen Bulkers

Denmark’s Lauritzen Bulkers has appointed Martin Sato as its new chief executive.

Sato, who previously spent 18 years at J. Lauritzen’s dry bulk business, will join the Copenhagen-based shipowner and operator by December from fellow handysize bulker player BaltNav, where he has served as CEO since 2024.

“Martin returns to Lauritzen Bulkers with deep knowledge from all parts of dry bulk shipping. He embodies the Lauritzen values, culture and ethics in his approach to doing business,” said Kristian Morch, chairman of Lauritzen Bulkers.

Sato will take over from Martin Egvang, who stepped down in March this year.

Commenting on his appointment, Sato said, “My career in dry bulk shipping began at Lauritzen Bulkers, and being offered the opportunity to take on the position as their new CEO is an honour. I am excited to rejoin the team and contribute to the continued success of Lauritzen Bulkers.”

The company is also getting a new chief of finance. Former head of CIP Management Group, Kristian Wærness, has been appointed to start by August, replacing Jacob Winthereik, who will transition to J. Lauritzen as CFO and who also stepped into the interim CEO role at Lauritzen Bulkers, following Egvang’s resignation.

Source: Splash247.com

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.