Grupo Armas Trasmediterránea announced the appointment of Kent S. Hagbarth as the new CEO of the Group

By 20 October 20232023 Newsletter week 42
October 20, 2023

Kent S. Hagbarth is an international executive with a distinguished track record of more than 35 years in the shipping transportation Industry. Kent brings solid experience in growth and transformation in multiple executive positions. His expertise will be instrumental in guiding Grupo Armas Trasmediterránea in its next phase of growth and development. Hagbarth has spent his entire professional career at Maersk, playing a key role in cultural change and transformation to focus on client experience.

Grupo Armas Trasmediterránea entered into an agreement in April 2023 with its main creditors, including a robust group of Noteholders, in order to facilitate the implementation of a comprehensive restructuring of the Group’s capital structure and deliver its balance sheet.

The Restructuring Plan was filed in Court on 27 September 2023 and the Group is currently waiting for the homologation to become effective.