Navigator Gas Announces Change to Board of Directors

Rhea-AI Summary

Navigator Gas (NYSE: NVGS), the world's largest handysize liquefied gas carrier fleet operator, announced a change to its Board of Directors. Yngvil Åsheim, who joined the Board in June 2023 as a BW Group Limited designee, will resign effective June 16, 2025. Åsheim served on the Company's Compensation and ESG Committees during her tenure. Following her departure, the Board's size will decrease from seven to six members. The Company's Non-Executive Chairman, Dag von Appen, acknowledged Åsheim's contributions and maritime industry expertise over her two-year service.

LONDON, May 09, 2025 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces the following change to its board of directors (the “Board”) with effect from June 16, 2025:

• Yngvil Åsheim, who joined the Company’s Board in June 2023, as a designee of BW Group Limited, and who served on and contributed significantly to the Company’s Compensation and ESG Committees, resigns as a director.
  

The size of the Board therefore, will reduce from seven to six members, with effect from June 16, 2025.

Dag von Appen, Non-Executive Chairman of the Board, commented:

“On behalf of Navigator Gas and the Board, I would like to express our thanks and gratitude to Yngvil for her dedicated service and invaluable contributions over the last two years. Yngvil’s extensive maritime industry knowledge and experience have been instrumental in driving our business strategy. We wish her all the best in future undertakings and continued success in all her professional endeavours.”

About Navigator Gas
Navigator Holdings Ltd. (described herein as “Navigator Gas” or the “Company”) is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers and a global leader in the seaborne transportation services of petrochemical gases, such as ethylene and ethane, liquefied petroleum gas (“LPG”) and ammonia and owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan’s Point, Texas on the Houston Ship Channel, USA. Navigator Gas’ fleet consists of 59 semi- or fully-refrigerated liquefied gas carriers, 28 of which are ethylene and ethane capable. The Company plays a vital role in the liquefied gas supply chain for energy companies, industrial consumers and commodity traders, with its sophisticated vessels providing an efficient and reliable ‘floating pipeline’ between the parties, connecting the world today, creating a sustainable tomorrow.

Navigator Gas’ common stock trades on the New York Stock Exchange under the symbol “NVGS”.

For media enquiries or further information, please contact:

Alexander Walster
Head of ESG & Communications
Email: communications@navigatorgas.com
Verde, 10 Bressenden Place, London, SW1E 5DH, UK
Tel: +44 (0)7857 796 052, +44 (0)20 7045 4114

Navigator Gas Investor Relations
Email: investorrelations@navigatorgas.com, randy.giveans@navigatorgas.com
333 Clay Street, Suite 2400, Houston, Texas, U.S.A. 77002
Tel: +1 713 373 6197, +44 (0)20 7340 4850

Investor Relations / Media Advisors
Nicolas Bornozis / Paul Lampoutis
Capital Link – New York
Tel: +1-212-661-7566
Email: navigatorgas@capitallink.com   

Category: General

FAQ

Why is Yngvil Åsheim leaving Navigator Gas (NVGS) board of directors?

The press release does not specify the reason for Yngvil Åsheim's resignation from Navigator Gas's board of directors, which will be effective June 16, 2025.

How many board members will Navigator Gas (NVGS) have after Yngvil Åsheim's departure?

Following Yngvil Åsheim's departure on June 16, 2025, Navigator Gas's board size will decrease from seven to six members.

When did Yngvil Åsheim join Navigator Gas (NVGS) board?

Yngvil Åsheim joined Navigator Gas's board in June 2023 as a designee of BW Group Limited.

What committees did Yngvil Åsheim serve on at Navigator Gas (NVGS)?

Yngvil Åsheim served on Navigator Gas's Compensation and ESG Committees during her tenure on the board.