Oct 29th, 2016

Digital Marine Solutions AS (DMS), the parent company of C-Map, announced today the appointment of Paul Østergaard as executive chairman. Together with the DMS board of directors and the C-Map leadership team, Østergaard will develop and implement the company’s strategic plan and lead the company in achieving its growth targets for 2017 and beyond.

Østergaard began his career as an officer with the Danish Royal Guards and then spent five years with ship-owner J. Lauritzen in commercial and operational roles in Denmark and Brazil. He worked as a consultant with the Boston Consulting Group and subsequently as Director of Strategy at the online division of Oracle Corporation. Founder of ShipServ in 1999, Østergaard launched the company with a clear vision of how the internet could change the economics of the global maritime shipping industry to drive out inefficiencies and increase competitiveness. He served as ShipServ’s Chief Executive Officer until 2016 and is widely recognized as a thought leader in shipping e-commerce. Mr. Østergaard serves on the boards of ShipServ, Digital Marine Solutions, Founders, and the Herlufsholm Foundation.

“Paul comes to DMS with a sterling reputation in the industry,” says Leif Ottosson, board member at DMS. “A true visionary in maritime e-commerce, his past experience demonstrates a forward-looking strategic acumen. C-Map is poised for significant growth, and we are confident Paul will drive the company to new avenues for market penetration.”

“C-Map’s existing portfolio and streamlined infrastructure offers a solid platform with significant potential for expansion,” said Østergaard. I welcome the opportunity to guide the team, take every advantage of revolutionary technologies, and break new ground in product development.”

Digital Marine Solutions is owned by Altor Fund IV and Goldman Sachs merchant Banking.

For information on Digital Marine Solutions AS visit www.c-map.com