Hans Aasnaes is stepping down as chief executive of dry cargo operator Western Bulk Chartering.

Aasnaes will go once a successor is found. The search for a new CEO will begin immediately, and an interim successor will be appointed soon, the company said on Thursday.

Chairman Bengt Rem said: “I am grateful for the contributions made by Hans throughout his period as CEO… He has led the company through an important phase and has been instrumental in building the company’s strong culture.”