New York-based tanker company chose 24-year OSG veteran to lead the company.
Overseas Shipholding Group has promoted Ian T. Blackley to become president and chief executive officer, effective immediately.
Most recently, Blackley served as executive vice president and chief operating officer of OSG; previously he was chief financial officer.
“Captain Blackley is a veteran of the shipping industry and has been instrumental in the success of OSG during his 24-year tenure at the company,” said Doug Wheat, chairman of OSG. “He is a skilled operational, technical and financial manager, and the board is confident that Captain Blackley will continue to execute on the company’s strategic vision, provide the highest quality service to our customers and deliver value for our shareholders.”
Wheat said the OSG board searched and interviewed extensively for the CEO position and, after consideration of the attributes necessary to lead the company, determined that Blackley had the best overall experience and knowledge of the shipping business and OSG to lead the company.
In August 2014, OSG announced its search for a new chief executive officer to lead the company’s growth efforts after emergence from its Chapter 11 reorganization. Henry Flinter, head of the U.S. flag business, and Lois Zabrocky, head of the international flag business, will continue to lead their respective business units and will report directly to Captain Blackley.
Ian T. Blackley named CEO of Overseas Shipholding Group
