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Genco chairman Peter Georgiopoulos resigns

Staff Writer |
New York, N.Y., USA - October 14, 2016, New York, N.Y., USA - Genco Shipping & Trading Limited announced that Peter C. Georgiopoulos has resigned as chairman of the board and that Arthur L. Regan has been elected as interim executive chairman.

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Mr. Regan has served as a director of Genco since February 17, 2016. Mr. Regan is currently an Operating Partner with Apollo Investment Consulting (together with Apollo Global Management and its other subsidiaries, Apollo).

Since 2010, Mr. Regan has been the President, Chief Executive Officer, and a Director of Principal Maritime Management, a portfolio company of certain funds affiliated with Apollo.

Mr. Regan has more than 30 years of experience in the shipping industry in executive roles, including as President and Chief Executive Officer of New York Stock Exchange-listed Arlington Tankers from 2004 to 2008.

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