On Monday the revelation was met by applause from multiple market contacts who shared words of encouragement upon receipt of an update issued by LinkedIn.

It’s not clear when the appointment was made but the directorship did not appear on Arntzen’s profile until a few days ago, which suggests development is fairly recent.

Industry observers say they aren’t surprised by the news and believe it serves as further evidence that TBS plans to pursue another public listing at some point in the future.

Arntzen