OSG America CEO Whitworth out, Itkin in
Jonathan Whitworth is out as CEO of OSG America. We best know Whitworth as the former head of Tampa-based tugboat/barge business Maritrans Inc., who agreed in 2006 to a $455-million takeover offer from Overseas Shipholding Group. Whitworth was named CEO of OSG America, a 22-vessel business, after that deal. (Whitworth photo by Stefanie Boyar of the St. Petersburg Times.)
Whitworth resigned, though no reason was given for his leaving. He is succeeded as CEO by Myles R. Itkin, 61, the company's former chief financial officer. Itkin also keeps his current position as executive vice president, CFO and treasurer of Overseas Shipholding Group, which owns a 77.1 percent interest in OSG America.
Whitworth's Maritrans hit the news in early 2006 when the tugboat "Valour" owned by the company (and similar to the company's tug shown in photo) sank in stormy weather off the coast of North Carolina as another vessel attempted a desperate rescue. (Photo by Joseph Garnett Jr. of the St. Petersburg Times.)
OSG America LP is the largest operator of U.S. flag product carriers and ocean-going barges transporting refined petroleum products. Its stock, which trades under the ticker symbol OSP, traded at midday Tuesday at just over $7 a share.
-- Robert Trigaux, Times Business Columnist