Stolt Tankers has promoted Maren Schroeder to managing director of its technical management unit as it continues to pursue an initial public offering.

The Dutch chemical carrier company, which is part of Norway's Stolt-Nielsen, said the experienced executive is replacing Mark Martecchini at Stolt Tankers Shipowning (STSO).

Martecchini is retiring after more than 38 years with the group.

Schroeder, who joined Stolt Tankers as fleet director in 2019, will take over on 1 April 2022.