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Star Bulk Announces Changes To Its Board Of Directors

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Star Bulk Carriers Corp. (Nasdaq: SBLK), a global dry bulk shipping company, has announced changes to its Board of Directors. Mr. Sherman Lau, a Class B Director since May 2021, has resigned. The Board has appointed Ms. Milena Maria Pappas as a Class B Director to fill the vacancy. The Board now consists of ten directors. Petros Pappas, CEO of Star Bulk, expressed gratitude for the contributions of Oaktree representatives on the board over the past decade, acknowledging their invaluable role in the company's success.

Star Bulk Carriers Corp. (Nasdaq: SBLK), una compagnia globale di trasporto navale di carichi secchi, ha annunciato cambiamenti nel suo Consiglio di Amministrazione. Il Sig. Sherman Lau, Direttore di Classe B dal maggio 2021, si è dimesso. Il Consiglio ha nominato La Sig.ra Milena Maria Pappas come Direttore di Classe B per occupare il posto vacante. Attualmente, il Consiglio è composto da dieci direttori. Petros Pappas, CEO di Star Bulk, ha espresso gratitudine per i contributi dei rappresentanti di Oaktree nel consiglio negli ultimi dieci anni, riconoscendo il loro ruolo prezioso nel successo dell'azienda.

Star Bulk Carriers Corp. (Nasdaq: SBLK), una empresa naviera global de carga seca, ha anunciado cambios en su Junta Directiva. El Sr. Sherman Lau, Director de Clase B desde mayo de 2021, ha presentado su renuncia. La Junta ha nombrado a La Sra. Milena Maria Pappas como Directora de Clase B para ocupar la vacante. La Junta ahora está compuesta por diez directores. Petros Pappas, CEO de Star Bulk, expresó su agradecimiento por las contribuciones de los representantes de Oaktree en la junta durante la última década, reconociendo su invaluable papel en el éxito de la empresa.

Star Bulk Carriers Corp. (Nasdaq: SBLK), 전 세계적인 건화물 운송 회사가 이사회의 변화 소식을 발표했습니다. 셰르먼 라우 씨는 2021년 5월부터 B 클래스 이사로 재직했으나 사임했습니다. 이사회는 공석을 채우기 위해 밀레나 마리아 파파스 씨를 B 클래스 이사로 임명했습니다. 이사회는 이제 열 명의 이사로 구성됩니다. 페트로스 파파스, Star Bulk의 CEO는 지난 10년 동안 이사회의 Oaktree 대표들이 기여한 바에 감사의 뜻을 표하며 회사의 성공에 있어서 그들의 귀중한 역할을 인정했습니다.

Star Bulk Carriers Corp. (Nasdaq: SBLK), une entreprise maritime mondiale de transport en vrac sec, a annoncé des changements au sein de son conseil d'administration. M. Sherman Lau, directeur de classe B depuis mai 2021, a démissionné. Le conseil a nommé Mme Milena Maria Pappas comme directrice de classe B pour combler le poste vacante. Le conseil est désormais composé de dix directeurs. Petros Pappas, PDG de Star Bulk, a exprimé sa gratitude envers les contributions des représentants d'Oaktree au conseil au cours de la dernière décennie, reconnaissant leur rôle inestimable dans le succès de l'entreprise.

Star Bulk Carriers Corp. (Nasdaq: SBLK), ein global tätiges Unternehmen für den Transport von Schüttgut, hat Veränderungen in seinem Vorstand angekündigt. Herr Sherman Lau, der seit Mai 2021 Direktor der Klasse B war, hat sein Amt niedergelegt. Der Vorstand hat Frau Milena Maria Pappas als Direktorin der Klasse B ernannt, um die vakant gewordene Position zu besetzen. Der Vorstand besteht jetzt aus zehn Direktoren. Petros Pappas, CEO von Star Bulk, drückte seine Dankbarkeit für die Beiträge der Oaktree-Vertreter im Vorstand in den letzten zehn Jahren aus und würdigte deren unschätzbare Rolle für den Erfolg des Unternehmens.

Positive
  • Appointment of new Class B Director, potentially bringing fresh perspectives to the board
  • Maintenance of board size at ten directors, ensuring continuity in governance
Negative
  • None.

ATHENS, Greece, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today the resignation of Mr. Sherman Lau, a Class B Director since May 2021. Ms. Milena Maria Pappas has been appointed by the Board, as Class B Director, to fill the seat made vacant by the resignation of Mr. Lau. The Board currently consists of ten directors.

Petros Pappas, Chief Executive Officer of Star Bulk, commented: “On behalf of the continuing members of the board and of management, I would like to thank all of the men and women who have represented Oaktree on our board over the past 10 years. Their contribution to the success of the Company has been invaluable.”

About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and maintains executive offices in Athens, New York, Limassol, Singapore, Germany and Denmark. Its common stock trades on the Nasdaq Global Select Market under the symbol “SBLK”. As of August 1st, 2024, Star Bulk has a fleet of 156 owned vessels, with an aggregate capacity of 15.0 million dwt, consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.

Contacts

Company:
Simos Spyrou, Christos Begleris
Co ‐ Chief Financial Officers
Star Bulk Carriers Corp.
c/o Star Bulk Management Inc.
40 Ag. Konstantinou Av.
Maroussi 15124
Athens, Greece
Email: info@starbulk.com
www.starbulk.com
Investor Relations / Financial Media:
Nicolas Bornozis
President
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, NY 10169
Tel. (212) 661‐7566
E‐mail: starbulk@capitallink.com
www.capitallink.com

FAQ

Who has resigned from Star Bulk Carriers Corp.'s (SBLK) Board of Directors?

Mr. Sherman Lau, who had been a Class B Director since May 2021, has resigned from Star Bulk Carriers Corp.'s Board of Directors.

Who has been appointed as the new Class B Director for Star Bulk Carriers Corp. (SBLK)?

Ms. Milena Maria Pappas has been appointed by the Board as the new Class B Director to fill the vacancy left by Mr. Sherman Lau's resignation.

How many directors are currently on Star Bulk Carriers Corp.'s (SBLK) Board?

The Board of Star Bulk Carriers Corp. currently consists of ten directors following the recent changes.

What did CEO Petros Pappas say about Oaktree's representatives on Star Bulk's (SBLK) board?

CEO Petros Pappas thanked Oaktree's representatives for their invaluable contribution to the company's success over the past 10 years.

Star Bulk Carriers Corp.

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