Taylor Maritime Investments Ltd on Wednesday said it has appointed Henry Strutt as non-executive chair, effective from Thursday, replacing Interim Chair Frank Dunne.

The Guernsey-based vessel investment company said Strutt brings extensive financial services experience from his time spent in senior positions at several financial institutions, alongside ‘considerable’ investment trust experience.

Strutt currently serves as chair of the Edinburgh Worldwide Investment Trust PLC, Taylor Maritime said.

‘[Strutt’s] extensive management experience in both financial services and the investment trust space will position us ideally as we look to generate compelling synergies from our recent acquisition of Grindrod and face the market as a force to be reckoned with in geared dry bulk,’ said Chief Executive Officer Edward Buttery.

Interim Chair Dunne added: ‘His expertise and track record make him an excellent fit for Taylor Maritime as the business looks to capitalize on an improving market and robust fundamentals for the years to come. I look forward to continuing to contribute to Taylor Maritime’s success in my position as senior independent director.’

Shares in Taylor Maritime were up 1.6% to 84.36 pence each in London on Wednesday morning.

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