Esvagt CEO receives million-dollar bonus after change of ownership

Private equity firm 3i, which last year took over full ownership of Esvagt, pays a million-dollar bonus to Chief Executive Peter Lytzen and his deputy CEO. A reward for creating value in the offshore and wind carrier, states 3i to ShippingWatch.

BY DAG HOLMSTAD, SHIPPINGWATCH, TRANSLATED BY KRISTOFFER GRØNBÆK & JONAS SAHL HOLLÆNDER

British private equity firm 3i rewards the top management of Esvagt by issuing a large million-dollar bonus for the two top executives, who receive DKK 17.4m (USD 2.5m) on top of their usual wages.

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