TORM plc (TRMD)

27.35 -0.11 (-0.40%) As of 02:14PM EST. Market open.

TORM plc

Office 105
20 St Dunstan’s Hill
London EC3R 8HL
United Kingdom
44 20 3795 2794
https://www.torm.com

Sector(s): Energy
Industry: Oil & Gas Midstream
Full-time employees: 446

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Jacob Balslev Meldgaard	CEO & Executive Director	1.74M	N/A	1968
Mr. Kim Balle	Chief Financial Officer	N/A	N/A	1968
Mr. Jesper Sondergaard Jensen	Senior VP & Head of Technical Division	N/A	N/A	1969
Andreas Abildgaard-Hein	Vice President, Head of Group Treasury & Investor Relations	N/A	N/A	N/A
Mr. Lars Vang Christensen	Senior VP & Head of Projects	N/A	N/A	1966
Mr. Morten Agdrup	VP and Head of Corporate Finance & Strategy	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

TORM plc, a product tanker company, engages in the transportation of refined oil products and crude oil worldwide. It operates in two operating segments, Tanker and Marine Exhaust. The company transports gasoline, jet fuel, naphtha, and gas oil, as well as dirty petroleum products, such as fuel oil. It also engages in developing and producing advanced and green marine equipment. The company was founded in 1889 and is based in London, the United Kingdom.

Corporate governance

TORM plc’s ISS governance QualityScore as of 1 December 2023 is 10. The pillar scores are Audit: 9; Board: 10; Shareholder rights: 10; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.