Golden Ocean Group LimitedNASDAQ: GOGL

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Svensen decides to step down as Golden Ocean's (GOGL) chief executive officer after one year at the helm.

Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the "Company" or "Golden Ocean")  today announced that Lars-Christian Svensen, Chief Executive Officer of Golden Ocean Management AS, has decided to step down from his position to seek new opportunities. The Board has appointed the company's CFO, Peder Simonsen, to take the role as Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS. Mr. Svensen will be available for the company till September 1, 2024.

Please find enclosed the presentation of Golden Ocean Group Limited's first quarter 2024 results for today's webcast / conference call at 15:00 CEST. Attend by Webcast: Use the follow link prior to the webcast: GOGL Q1 2024 Webcast Attend by Conference Call: Participants will need to register online prior to the conference call via the link below.

Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended March 31, 2024.

Golden Ocean Group (GOGL) closed at $14.13 in the most recent trading session, showing a 0.28% increase from its previous closing price.

GOGL is the sole publicly traded company specializing in capesize vessels, which should make it less vulnerable to the increase in new supply. In Q4 2023, GOGL declared a cash dividend of $0.30 per share, marking a 50% increase from the previous year. The company has made considerable progress in reducing its debt, even amidst a decline in profitability.

Golden Ocean Group (GOGL) ended the latest trading session at $13.82, marking a 1.69% increase from the day before.

Golden Ocean Group (GOGL) ended the most recent trading session at $13.03, showing a slight increase of +0.15% compared to the day before.