GAC APPOINTS NEW GROUP PRESIDENT

Gulf Agency Company (GAC), the global shipping, logistics and maritime company, has appointed Pontus Fredriksson as its new group president effective January 2023.

Bengt Ekstrand, who has held this position for the past ten years, will take over as executive co-chairman alongside longtime Gulf Agency (GAC) CEO Björn Inglom.

Ekstrand began his tenure at a time of economic turmoil in the eurozone and widening armed conflicts in the Middle East. Expectations indicate that stagnant oil prices will soon fall below USD$45.00 per barrel. Faced with this period of uncertainty, Ekstrand has launched an extensive reform programme that applies to all GAC sectors known as Delta21. This was followed by significant structural and operational changes that made the Group more agile, efficient and profitable. He leaves his position at GAC with record results in recent years.

Fredrickson joined GAC in 2007 serving as group VP for the Americas since August 2019. He previously held several financial and managerial positions in the Middle East, including general manager of GAC in Bahrain.

“Pontus has consistently demonstrated how he focuses on commercial affairs and leadership,” Ekstrand said. “His acumen and industry knowledge have helped him lead the Group towards further success in a turbulent environment.”