OOIL, the parent company of liner carrier OOCL, said Thursday that its chief financial officer, Ken Cambie, has given notice and will step down as of June 1 to pursue interests outside the company.
Cambie will be replaced on an interim basis by Alan Tung, with the OOIL board conducting a search for a permanent replacement. In a notice to the Hong Kong Stock Exchange, OOIL said Cambie had no disagreement with the company’s board or any other matter relating to his resignation that needs to be brought to the attention of the company’s shareholders.
Cambie joined OOIL in 2007, a period during which OOCL grappled with the effects of the global economic crisis. The liner carrier has handled it better than most of its competitors, consistently appearing at or near the top of the list of American Shipper
’s annual Who’s Making Money
report on the state of liner carrier financials. - Eric Johnson