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Mr. Olesen was employed by the East Asiatic Company (EAC) in 1987 and transferred to the Eitzen group in 1997 in connection with the latter’s take-over of EAC’s bulk activities. Mr. Olesen was stationed for two years in Vancouver, Canada and two years in New York, USA. He returned to the head office in Copenhagen in 1994 in order to take responsibility for the company’s chartering department for the European dry cargo division. In 2003, he took responsibility for the Far East and Middle East activities and subsequently in 2007 took global responsibility for the company’s Supramax activities. In 2014, Mr. Olesen also took charge of the company’s global Panamax activities and in 2021 Mr. Olesen took the position as Chief Operating Officer, and in 2022 he became the new Chief Executive Officer of Ultrabulk. Mr. Olesen has a degree in international trade from the Copenhagen Business School. He is a board member of a number of Ultrabulk subsidiaries. Mr. Olesen is the Chairman of the Baltic Exchange European Advisory Council, and this capacity also acts as an Advisor to the Baltic Exchange Index Council. Mr. Olesen is a Danish citizen and resides in Denmark.