Mark Chu, chief operating officer and general counsel of Seaspan Corporation, has notified the company that he plans to step down from his roles to pursue other opportunities.

“It has been a pleasure working at Seaspan with a team of dedicated and talented professionals, and I remain confident in the company’s outlook under the leadership of David Sokol and Bing Chen,” he said. “I look forward to spending the coming months helping the team in any way possible to ensure an effective transition.”

According to Seaspan, Chu will remain in his current roles through August 31st, 2018 to help facilitate the transition.

“I would like to thank Mark for his many contributions to Seaspan over the years,” said Bing Chen, president and CEO of Seaspan. “I am pleased that he will remain in place for the next four months to ensure a smooth transition, and on behalf of the full management team, I wish him all the best in his future endeavours.”

David Sokol, chairman of the board of directors, said that Chu has been a true professional in all aspects of his roles at Seaspan.

“I cannot thank him enough for his efforts since I joined the board and through the transition over the past nine months,” he said. “I wish Mark continued success moving forward.”