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Saverys step into Euronav as Fredriksen exits

Alexander Saverys is the new chief executive of Euronav. Photo: CMB

John Fredriksen’s Frontline has cemented its exit from Euronav, which appointed Alexander Saverys as its chief executive in what he described as a new chapter for the tanker giant. The deal ends a dispute over the Belgian tanker owner with a solution that in effect divides the company.