Performance Shipping Inc. Announces Appointment Of New Chief Executive Officer And Chief Financial Officer
Performance Shipping Inc., a global shipping company specializing in the ownership of tankers, today announced that its Board of Directors has appointed Mr. Andreas Michalopoulos to the position of Chief Executive Officer following the retirement of Mr. Symeon Palios from that position. The Board also has appointed Mr. Anthony Argyropoulos to the position of Chief Financial Officer of the Company, succeeding Mr. Michalopoulos in that capacity. Mr. Palios will remain Chairman of the Board of Directors.
Mr. Michalopoulos has served as the Company’s Deputy Chief Executive Officer since 2019 and as its Chief Financial Officer since the Company’s formation in 2010. Mr. Argyropoulos’ biography is set forth below.
Commenting on the appointments, Mr. Palios stated:
“Today’s announcement of changes to the Company’s senior management reflects the continuation of our process of establishing a fully independent tanker company. Over the past ten years, Mr. Michalopoulos has demonstrated his leadership capabilities as a member of senior management. Mr. Argyropoulos brings decades of experience in global shipping finance and capital markets that is well known within the industry. I have every confidence that together, Mr. Michalopoulos and Mr. Argyropoulos are uniquely qualified to work side by side with this Board to continue to grow Performance Shipping and create shareholder value.”
Mr. Michalopoulos further commented:
“On behalf of the entire Board I express our gratitude to Mr. Palios for his instrumental role in the formation of this Company and its leadership over the past ten years. Despite the challenging global economic conditions, the Company’s strong financial position today, marked by low net leverage and a strong balance sheet, is owed largely to Mr. Palios’s disciplined approach to growth over the past decade. I look forward to continuing to work with him as Chairman of the Board in the years to come.”
Anthony Argyropoulos is the founder of Oceanaut Capital MIKE (dba Seaborne Capital Advisors), an Athens Greece based financial advisory firm focused on the shipping and maritime industries. Prior to Seaborne Capital Advisors, Mr. Argyropoulos was a Partner at Cantor Fitzgerald & Co. until September 2011, where he was responsible for the investment banking group’s activities in the maritime sector. Through early 2004, he was a Senior Vice President with Jefferies & Company, Inc. where he was instrumental in developing their maritime investment banking practice. Mr. Argyropoulos graduated from Deree College, Athens, with a B.A. in Economics and from Bentley College, Waltham, Mass. with an M.B.A. in Finance. He is a member of the Beta Gamma Sigma honor society of collegiate schools of business. He is a frequent speaker in global shipping events, contributor to several publications and recipient of a number of awards…
Dr Christian Hermelingmeier becomes new Chief Financial Officer of HDI Global SE
Dr Christian Hermelingmeier will become the new Chief Financial Officer of HDI Global SE commencing 1 September 2020. He succeeds Clemens Jungsthöfel, who is joining the Executive Boards of Hannover Rück SE and E+S Rückversicherung AG on the same date. The latter will take over from the current Chief Financial Officer Roland Vogel, who is retiring on 30 September 2020.
Clemens Jungsthöfel (49) has been a member of the Executive Board of HDI Global SE since May 2018 with responsibility for the areas of controlling, risk management, corporate development and passive reinsurance. He played a highly successful part in stabilising HDI Global SE, provided pivotal support for the rehabilitation of property business and successfully restructured the finance function.
Torsten Leue, Chairman of the Supervisory Board of HDI Global SE and Chief Executive Officer of Talanx AG, commented: “I would like to thank Clemens Jungsthöfel for his extremely successful work at HDI Global SE. In recent years he has been instrumental in making HDI Global fit for the future and shaping the cultural transformation. I am delighted that we have been able to recruit such a well-versed financial expert for Hannover Re. I wish him every success in his work. I would also like to congratulate Christian Hermelingmeier on his new challenge. He knows the Group and HDI Global and he has vast experience on the finance side. I wish him every success.” Dr Edgar Puls, Chief Executive Officer of HDI Global SE and the member of the Talanx AG Board of Management responsible for the Industrial Lines division, stated: “While the departure of Clemens Jungsthöfel is a painful loss for us, joining a listed company within the Talanx Group is a terrific step for him to take. He has performed outstanding work for us – my considerable appreciation is matched only by how very pleased I am for him. At the same time, I am looking forward to working with Christian Hermelingmeier. I know him very well from his work with us and I have no doubt that with his cultural awareness he will continue to drive the transformation that has begun at HDI Global SE.”
These personnel changes are subject to the approval of the Federal Financial Supervisory Authority (BaFin).
GasLog Ltd. and GasLog Partners LP Announce Chief Financial Officer Transition
GasLog Ltd. and GasLog Partners LP. announced that, following GasLog’s decision to base its senior management, including the Chief Financial Officer (“CFO”) position, in Greece, Alastair Maxwell has decided not to relocate and will therefore step down from his position as CFO on June 30, 2020. The Boards of GasLog and GasLog Partners have appointed Achilleas Tasioulas, who is presently Deputy CFO, as CFO, effective July 1, 2020. During this period, Alastair will work closely with Achilleas to ensure an orderly transition of responsibilities and Alastair will remain available after leaving to provide his experience and advice, if required.
Alastair Maxwell joined GasLog in February 2017 following 29 years in investment banking and was appointed CFO of GasLog and GasLog Partners in March 2017. His wealth of experience in both energy and finance has been a major asset to the Group across all areas of the Finance function, including leading the debt and equity capital raisings to fund the Group’s expansion.
Achilleas Tasioulas became Deputy CFO of GasLog in December 2019. He joined GasLog in October 2014 as Financial Controller and his role was expanded to Chief Risk Officer, Financial Controller and Head of Tax in August 2017. Achilleas is also a Board Member of Gastrade and a Director of several Group subsidiaries. Immediately prior to joining GasLog, Achilleas was Corporate Controller for NYSE-listed Danaos Corporation for 6 years. He is an ICAEW Fellow Chartered Accountant, has an MSc in Project Analysis, Finance and Investments from the University of York and a BSc in Economics from the University of Macedonia in Greece.
Paul Wogan, GasLog CEO, said, “On behalf of our Chairman Peter Livanos, the Board of GasLog and the Management team, I would like to thank Alastair for the expertise, skill and guidance he has provided over the last 3 years and I wish him continued personal and professional success. I am pleased to congratulate Achilleas on his promotion to CFO. His deep commitment to GasLog, understanding of our business and hands-on experience in Controlling, Financial Reporting, Risk Management and Tax are a huge asset as GasLog focuses on financial resilience, discipline and de-leveraging.”
Andy Orekar, GasLog Partners CEO, said, “On behalf of our Chairman Curt Anastasio and the Board of GasLog Partners, I would like to thank Alastair for his outstanding support of the Partnership’s growth strategy and track record of raising capital in challenging market conditions. Achilleas’ significant contributions to the finance activities of GasLog Partners make him an ideal candidate to succeed Alastair, and his leadership capabilities, risk-based approach and management expertise will be incredibly helpful in the coming years.”
Achilleas Tasioulas commented, “I am delighted to be stepping up to be CFO of GasLog and GasLog Partners at such an important time in the LNG market and in the development of the Group. I look forward to working closely with the rest of the leadership team to harvest our inbuilt growth and to continue to strengthen our financial position today and in the future.”
Electra Hotels & Resorts: Νέος Chief Financial Officer ο κ. Νικόλαος Λάππας
Η Διοίκηση του Ομίλου Electra Hotels & Resorts ανακοίνωσε ότι ο κ. Νικόλαος Λάππας αναλαμβάνει καθήκοντα Chief Financial Officer.
O κ. Λάππας είναι απόφοιτος του τμήματος Οικονομικών του Οικονομικού Πανεπιστημίου Αθηνών (Ο.Π.Α.) και έχει μεταπτυχιακό στην Οικονομική Επιστήμη από το Οικονομικό Πανεπιστήμιο Αθηνών. Είναι πιστοποιημένος Ορκωτός Λογιστής από το ΣΟΕΛ και έχει ολοκληρώσει με επιτυχία το ACCA. Έχει 15ετή ελεγκτική προϋπηρεσία στις ελεγκτικές εταιρείες KPMG και PKF Ευρωελεγκτική, ενώ στον ξενοδοχειακό κλάδο κατείχε τη θέση του Οικονομικού Διευθυντή για 4 έτη, στον όμιλο της Hotel Brain.
Appointment of Piraeus Bank Group Chief Financial Officer
Piraeus Bank has announced that Theodore Gnardellis has been appointed Group Chief Financial Officer, an Executive General Manager role, and member of Piraeus Bank Executive Committee, effective July 25, 2019.
Theodore Gnardellis joined Piraeus Bank in June 2018 as head of the Piraeus Legacy Unit Strategy, after a successful career of more than fifteen years in different organizations and banks in Greece and abroad. Theodore holds a Diploma in Computer Engineering & Informatics from the University of Patras and a Masters of Business Administration from the Imperial College Business School, London.
With the assumption of new responsibilities, Theodore Gnardellis will have under his supervision the Group Financial Management, with main responsibility the development of the overall strategy and the management and coordination of the Group’s financial activities.
Konstantinos Paschalis, CFO, General Manager and member of Piraeus Bank Executive Committee, will continue to contribute in Group Financial Management with his expertise and long experience.
Navios Maritime Containers L.P. appoints Erifili Tsironi as Chief Financial Officer
Navios Maritime Containers L.P., a growth vehicle dedicated to the container sector of the maritime industry, announced today the appointment of Mrs. Erifili Tsironi as Chief Financial Officer of Navios Containers.
Mrs. Tsironi previously served as Co-Chief Financial Officer of Navios Maritime Acquisition Corporation since December of 2018 and as Chief Financial Officer of Navios Maritime Midstream Partners L.P. from its inception in 2014 until December 2018.
Mrs. Tsironi has over 17 years of experience in banking focusing on ship finance. Before joining Navios Maritime Midstream Partners L.P., she was Global Dry Bulk Sector Coordinator and Senior Vice President at DVB Bank SE.
Mrs. Tsironi holds a BSc. in Economics, awarded with Honours, from the London School of Economics and Political Science and a MSc in Shipping, Trade and Finance, awarded with Distinction, from Cass Business School of City University in London.
Mr. Chris Christopoulos, who previously served as Chief Financial Officer of Navios Containers, recently left the company.
Angeliki Frangou, Chairman of the Board of Directors and Chief Executive Officer of Navios Containers, commented: “We would like to thank Mr. Christopoulos for his service and wish him well with his future endeavors.”