Digital Marine Solutions names executive chairman - Trade Only Today

Digital Marine Solutions names executive chairman

Digital Marine Solutions AS, the parent company of C-Map, said today that it appointed Paul Ostergaard executive chairman.
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Digital Marine Solutions AS, the parent company of C-Map, said today that it appointed Paul Østergaard executive chairman.

Together with the DMS board of directors and the C-Map leadership team, Østergaard will develop and implement the company’s strategic plan and lead the company in achieving its growth targets for 2017 and beyond.

Digital Marine Solutions said Østergaard began his career as an officer with the Danish Royal Guards and then spent five years with ship owner J. Lauritzen in commercial and operational roles in Denmark and Brazil.

He worked as a consultant with the Boston Consulting Group and subsequently as director of strategy at the online division of Oracle Corp.

Østergaard founded ShipServ in 1999, launching the company with a vision of how the Internet could change the economics of the global maritime shipping industry to drive out inefficiencies and increase competitiveness.

He was ShipServ’s CEO until 2016 and is recognized as a thought leader in shipping e-commerce. Østergaard serves on the boards of ShipServ, Digital Marine Solutions, Founders, and the Herlufsholm Foundation.

“Paul comes to DMS with a sterling reputation in the industry,” Digital Marine Solution board member Leif Ottosson said in a statement. “A true visionary in maritime e-commerce, his past experience demonstrates a forward-looking strategic acumen. C-Map is poised for significant growth, and we are confident Paul will drive the company to new avenues for market penetration."

“C-Map’s existing portfolio and streamlined infrastructure offers a solid platform with significant potential for expansion,” Østergaard said. “I welcome the opportunity to guide the team, take every advantage of revolutionary technologies and break new ground in product development.”

Altor Fund IV and Goldman Sachs Merchant Banking own Digital Marine Solutions.

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