Simon Morse has stepped down as CEO of Inchcape effective 7 June 2018 and we thank Simon for his contribution to the company. Frank Olsen, who has served as the COO of the Inchcape Marine Services business since 2017, has been appointed CEO (Acting). Frank Joined Inchcape Shipping Services in 2016 as Head of Ship & Crew Solution. He has previously held various management positions within the maritime service industry and has a seafaring background. Frank has been instrumental in driving the Inchcape Marine Services strategy. In particular, he has led the focus on productivity and the delivery of value through the improvement of our data and technology use. We look forward to sharing the success he brings to his new role in due course.