New C-Level Executives Appointed at Heidmar

The Board of Directors of Heidmar Holdings LLC, the holding company for Heidmar Inc, announced today that they had selected its new Executive team to lead the company.  Marc La Monte has been appointed President and Chief Executive Officer of Heidmar Inc. and Per Heilmann has been appointed Executive Vice President and Chief Risk Officer.

These leadership appointments are effective immediately and will position Heidmar to focus on its growth as a global leader, providing Pool Management services to independent tanker owners.

Heidmar’s Board of Directors, commenting on the appointments stated,

“We are pleased to be able to promote these individuals from within Heidmar, which has always developed and attracted superior talent. 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.

A 27-year industry veteran, Marc began his professional career at Mobil Oil Corporation followed by Mitsui and Co., (USA) and Continental Grain (Contichem LPG) and held various positions including both physical and paper trading of crude oil and petroleum products. He is an associate member of the Association of Ship Brokers and Agents (USA), Inc. and holds a Bachelor of Science degree from St. John’s University, New York.

Commenting on his new appointment Marc La Monte said,

“I am very excited to lead Heidmar during the demanding time ahead. Heidmar’s business is driven by generating market leading performance for its Pool partners in a clear and transparent manner. This is achieved through the efforts of a great group of employees who go the extra mile for our customers. Our people, partners, processes and proven track record are unique and continue to be a powerful force in the industry. I am proud to be given the opportunity to lead this highly respected organization.”

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.

Commenting on his new role Per Heilmann said,

“I look forward to working closely with Marc to position Heidmar to grow its commercial management and freight trading businesses. There are tremendous opportunities for our Pools and Pool Partners to position them for the recovery in the tanker market. We will focus our attention on providing market-beating returns to our ship owners while delivering targeted returns on capital to our shareholders.”

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