John Fredriksen has brought in two experienced executives to help run VLGC company Avance Gas after its chief executive and chairman resigned.

CEO Kristian Sorensen quit to pursue “opportunities outside of the company,” the Oslo-listed shipowner said, while chairman Erik Jacobsen has also chosen to step down.

The boss of Fredriksen’s Flex LNG, Oystein Kalleklev, will take over as executive chairman, while former Frontline CEO Jens Martin Jensen will become a director with immediate effect.