AFTER five years at the helm of Svitzer Australia, Mark Malone will be stepping down as managing director and handing over the reins to Steffen Risager as of 1 May 2016.

Mr Risager has been the chief operating officer of the Australian operation since February 2015 and prior to that head of business transformation based in Copenhagen.

This change will take effect from 1 May, with Mr Malone staying on until mid-year to support the transition.

Svitzer chief executive Robert Uggla thanked Mr Malone for his contribution to the company and welcomed Mr Risager to the position.

“Mark has successfully navigated our Australian business through a very difficult period – one characterised by increased competition and growing economic uncertainties, both locally and globally – and laid a strong foundation for a sustainable performance in the years ahead.”

“Mark has also been instrumental in winning and implementing several important and significant terminal towage contracts with some of the world’s largest energy suppliers, including Chevron, Oil Search and Inpex.”

“I sincerely thank Mark for the huge contribution he has made and wish him all the best.  Under his leadership Svitzer has cemented its position here in Australia as an industry leader,” Mr Uggla said.

Going forward, Mr Uggla said he was pleased that Mr Risager has agreed to succeed Mr Malone as managing director.

“Together with his team, Steffen has been able to successfully turn around several challenging parts of our traditional harbour towage business and strengthened our competitive position overall.”

“I am confident he will make a significant contribution to shaping Svitzer’s promising future here in Australia,” Mr Uggla said.