Flex LNG - Appointment of CEO
Flex LNG (NYSE: FLNG) announced the appointment of Marius Foss as Chief Executive Officer of Flex LNG Management AS effective Dec. 5, 2025.
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Rhea-AI Summary
Flex LNG (NYSE: FLNG) announced the appointment of Marius Foss as Chief Executive Officer of Flex LNG Management AS effective Dec. 5, 2025.
Mr. Foss has served as Interim CEO and Chief Commercial Officer since joining Flex LNG in 2018 and brings more than 35 years of shipping experience from roles at Frontline, Golar LNG and Avance Gas. The Board highlighted his commercial leadership and interim performance; management noted a modern fleet, a substantial contract backlog and a strong balance sheet as positioning the company to pursue future opportunities.
Positive
- Internal CEO appointment continues leadership continuity
- Mr. Foss has 35+ years of shipping experience
- Joined Flex LNG in 2018, providing company-specific expertise
- Company cites modern fleet and substantial contract backlog
Negative
- No detailed transition timeline or succession plan disclosed
- Announcement provides no financial metrics or forward guidance
Details
News Market Reaction – FLNG
On Dec 5, the day this news came out, FLNG closed 2.09% below the previous close.
Data tracked by StockTitan Argus for the Dec 5 session.
Key Figures
- Shipping experience
- more than 35 years
- Experience of incoming CEO Marius Foss
- Year joined Flex LNG
- 2018
- Marius Foss tenure at Flex LNG
Historical Context
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Strong Q3 metrics and dividend but shares fell over the next session.
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Announcement of webcast and materials for Q3 2025 results.
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Scheduling details for upcoming Q3 2025 earnings release and webcast.
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CFO presentation at energy conference highlighting LNG carrier fleet.
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Q2 2025 dividend of $0.75 per share with defined ex-dividend dates.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Mr. Foss currently serves as the Interim Chief Executive Officer and Chief Commercial Officer of Flex LNG Management AS. Since joining Flex LNG in 2018, Mr. Foss has been instrumental in developing and executing the commercial strategy of Flex LNG. He brings more than 35 years of shipping experience from commercial management roles from among other Frontline, Golar LNG and Avance Gas.
"On behalf of the Board, I am pleased that Marius has accepted the role as CEO of Flex LNG. His proven commercial capabilities, and leadership during his tenure as interim CEO, provide a strong foundation for the Company's continued development," said Mr. Ola Lorentzon, Chairman of Flex LNG.
Mr. Foss, incoming Chief Executive Officer, commented:
"I appreciate the trust and support of the Board to appoint me as CEO. I look forward to work together with the highly experienced and talented organisation to further develop Flex LNG for the future. With a modern fleet, substantial contract backlog and strong balance sheet, the Company is very well positioned to capitalise on the opportunities that lie ahead."
For further information, please contact:
Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
Telephone: +47 23 11 40 00
Email: ir@flexlng.com
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SOURCE Flex LNG
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