The current CFO Hugo De Stoop would succeed Paddy Rodgers as CEO of Euronav.
It is anticipated that his new role will start following a brief handover period which is expected to take place in the course of the second quarter of this year.
The company is now in search of a new CFO.
“It is an honor and a privilege to be appointed as CEO,” De Stoop said.
“I would like to take this opportunity to thank Paddy; it has been a real pleasure to work together in order to create the dynamic and robust tanker platform that Euronav is today.”
De Stoop joined Euronav in September 2004 and was appointed Deputy CFO and Head of Investor Relations. He was nominated CFO as of January 2008, shortly after the financial crisis had erupted.