Kevin Wise has emerged as the new president and chief executive of Mjølner Shipping, a tanker operator based in the US.

Robert Lyons, who has headed the company since its inception, will assume the role of board chairman when Wise steps up to the plate.

In a statement the outgoing incumbent said his replacement has been “the driving force” behind the growth of Mjølner in recent years.

“Under his leadership, Mjølner will continue to chart its own course while enhancing and expanding its offered services,” he added.

In addition to Wise’s appointment the company also noted that vice president Jonathan Jackson has been promoted to the position of chief commercial officer.

Mjølner poached Wise from Overseas Shipholding Group (OSG) in 2013. Since then he has served as president and chief operating officer.

Mjølner is based in New Jersey where it oversees 17 tankers. The stable includes VLCCs, Suezmaxes, Aframaxes and Panamaxes that typically trade in the Pacific Basin.