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Frank Coles exits Wärtsilä for Wallem

Frank Coles will become Wallem CEO at the end of October Frank Coles will become Wallem CEO at the end of October

Former Transas CEO Frank Coles has agreed to join Hong Kong-headquartered shipmanagement group Wallem as its new chief executive officer, leaving his role at the head of the Transas organisation less than six months after announcing the sale of that business to Wärtsilä for €210 million.

{mprestriction ids="1,2"}Mr Coles had been working as the head of the Transas division within Wärtsilä Voyage Solutions since the acquisition was completed in May, having spent three years with the navigation systems company.

He previously spent close to four years at Inmarsat, the majority of which was in the position of president of maritime, and more than 11 years as CEO of Globe Wireless, which was acquired by Inmarsat during Mr Coles’ time with the satellite operator.

“The opportunity to lead and help grow a prestigious and diversified company like Wallem was something I could not pass up,” Mr Coles said.

“With the increased industry focus on efficiency, safety and the environment, providing quality shipping services, crews and technical support is going to be critical. Wallem understands the needs and expectations of owners and clients and is well placed to be a leader in the future of maritime operations support.”  

Mr Coles will replace outgoing Wallem CEO Simon Doughty, who had already announced his decision to step down earlier this year. The handover will take place at the end of October.

“Wallem has a strong management team and outstanding employees who are committed to providing the best possible customer experience. I am pleased that Frank has agreed to lead the company going forward,” said Mr Doughty.

“His vast experience will complement and strengthen that of the existing Wallem team and enable them to meet the future needs of the maritime services business. I would like to thank the valued clients and colleagues who have made my 14 years with Wallem an exciting and unforgettable journey.”{/mprestriction}

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