Navigator Holdings Ltd. Announces Change to Chief Financial Officer

LONDON and NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- Navigator Holdings Ltd. (“Navigator” and the “Company”) (NYSE: NVGS), the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, announces today that Mr. Niall Nolan will step down as Navigator’s Chief Financial Officer (“CFO”), effective June 30, 2023.

Mr. Gary Chapman has been appointed as successor to Mr. Nolan, and is anticipated to join the Company latest October, 2023. Mads Peter Zacho, Navigator’s Chief Executive Officer, will take on the responsibilities on an interim basis with support from Navigator’s finance team, until Mr. Chapman joins the Company.    

Mr. Nolan was appointed as Navigator’s CFO in August 2006. During his tenure, Mr. Nolan was closely involved in the growth of the fleet to its current 56 vessels, as well as the Company’s 50% ownership of the ethylene export marine terminal joint venture and its Greater Bay Gas joint venture.

Mr. Chapman joins the Company from KNOT Offshore Partners LP, where he has served as both CEO and CFO since June 2019. Prior to that, Mr. Chapman was Chief Financial Officer of Biggin Hill Airport Ltd., a private business aviation airport in London, served as Finance Director of NYK’s energy transport business in the EMEA region from 2008 to 2017, and as European Head of Tax for the NYK Group in Europe from 2003. Mr. Chapman has also performed various audit and tax roles for KPMG, including as a member of the Oil and Gas group.

Mr. Chapman is a fellow of the Institute of Chartered Accountants in England and Wales, holds a degree in Economics from Loughborough University, and is a board member and trustee of The Mission to Seafarers charity.

Dag von Appen, Navigator’s Non-Executive Chairman, commented:

“On behalf of the Board, I would like to thank Niall for his long service, dedication and contribution to the Company. We wish him all the best for his future endeavours.

“I am delighted to welcome Gary to Navigator. Gary brings a wealth of highly relevant sector and financial experience, along with broader commercial skills which will be invaluable to Navigator as we look to grow the business over the coming years.”

Mr. Nolan, Navigator’s outgoing CFO, said:

“It has been an honour and a privilege to have worked as Chief Financial Officer with so many talented people over the past two decades, in building the Company from the initial five vessels to what it is today. I wish my successor and the Company the very best of luck with the next phase of its development.”