Less than three months after its chief executive resigned, the Board of Directors of Norwalk-based Heidmar Holdings LLC, the holding company for tanker pool management company Heidmar Inc., has hired a new CEO from within.
The board selected Marc La Monte to serve as president and CEO of Heidmar Inc. Per Heilmann has been appointed executive vice president and and chief risk officer. The executives are assuming their new roles immediately, the company, said.
“I am very excited to lead Heidmar during the demanding time ahead,” La Monte said in a press release, saying he will provide transparent leadership for the pool partners.
Heidmar manages more than 120 vessels in five fleets for its partners in the pool.
Tim Brennan, the former CEO resigned from the company in January, but agreed to serve in an advisory role. Some reports of Brennan’s resignation indicated it was a surprise that he was leaving after serving 19 years with the company. No reason was ever stated for Brennan’s resignation and the company said he was leaving Heidmar in a good position.
Heidmar is owned primarily by two entities, Shipping Pool Investors, with a 49 percent stake and Morgan Stanley, also with a 49 percent stake. Both acquired their stakes in Heidmar after 2006.
“We are pleased to be able to promote these individuals from within Heidmar, which has always developed and attracted superior talent<” the company said in a press release. “We have utmost confidence in their ability to lead the company. Today’s challenging shipping markets are an enormous opportunity for the Heidmar Pool business. The Company provides commercial management expertise with independent governance and total transparency. We are confident that with the new leadership structure in place, Heidmar will prosper and grow, delivering maximum benefit to its Pool partners, employees and its shareholders.”
From October 2010, Marc La Monte had been the Managing Director of Heidmar’s VLCC tanker pool, Seawolf Tankers Inc. Prior to joining Heidmar, he led the Gas Strategic Business Unit at Overseas Shipholding Group. During Marc’s tenure at OSG, he also served as Vice President and Deputy Head of the Crude Strategic Business Unit where he played a critical role in the commercial management of the international crude oil tanker fleet. Marc also held the dual role of head of the worldwide Sale and Purchase group across all OSG’s business units. He joined OSG in 1994 as a chartering broker.
Per F. Heilmann had been Vice President at Heidmar Inc., with the Company for 10 years and is currently responsible for all derivative trading and risk management for Heidmar. From 2008 to 2010 he held the industry position of Chairman of the Baltic Exchange Freight Market Information Users Group (Tankers). Prior to working with Heidmar, Per held the position of Senior Corporate Finance Analyst at Fox-Pitt, Kelton, Inc. an investment banking subsidiary of Swiss Re. Per received a Bachelor of Arts in Economics from Cornell University in 1997 and a BA/MA Degree in Economics and Management Studies from Cambridge University in 1999.