Avance Gas Holding Ltd. announced that the Chairman of the Board, Erik O. Jacobsen, has also elected to step-down. The Board has resolved to appoint Jens Martin Jensen as a Director of the Company and Øystein Kalleklev will take over as Executive Chairman of the Board with immediate effect. Jens Martin Arveschoug Jensen joined Seatankers Management on March 1, 2022, and currently also serves as a Director of Frontline Ltd. and Golden Ocean Group Limited.