Executive Officers

Matthew C. Los, 46
Chief Executive Officer and Director

Mr. Los has been an Executive Director of LPL Shipping S.A. for the past 21 years. In December 2005, Mr. Los co-founded and since then has been the Managing Partner of Enerpro Ltd., a company which makes investments in renewable energy companies and related businesses. Since September 2007, Mr. Los has been a Managing Partner of SafeShip Investment Company SICAR, a private equity fund based in Luxembourg which invests in and operates assets in the maritime industry. Mr. Los is a director of a number of private companies in the shipping, energy and telecommunications industries: LPL Shipping SA, Blue Ocean Bulkers, Setel Hellas SA, Tzi Energiaki Ilias SA, Enerpro Carbon SA, Aggitis SA, Enerpro Agia Paraskevi SA, Kampas SA, Magenko Renewables (Ipoh) Sdn Bhd, Magenko Renewables (Penang) Sdn Bhd, Magenko Bo Win Co. Ltd., and Magenko Renewables (Asia) Sdn Bhd. Mr. Los has a Bachelor’s of Science in Mechanical Engineering and Computer Aided Design from the University of Westminster, London, England.

Stylianos Stergios Sougioultzoglou, 37
Chief Financial Officer and director

Since November 2009, Mr. Sougioultzoglou has been a Managing Partner and director of SafeShip Investment Company SICAR, a private equity fund based in Luxembourg which invests in and operates assets in the maritime industry. Since November 2009, he has also been a director of Blue Sea Ship Capital SA, a shipping investment company. Since May 2012, Mr. Sougioultzoglou has been engaged as a financial consultant to ALMI Group, a Greek-based tanker and dry bulk owner, in connection with ALMI Group’s financing of the acquisition of eight pre-determined liquid natural gas carriers. From February 2000 to March 2008, while at UBS, Mr. Sougioultzoglou was made responsible for Greek equities and Italian companies, most recently as an Executive Director, covering companies in commodities, energy, transport, retail, oil refining, media. Mr. Sougioultzoglou has a Bachelor’s of Science in Sociology and Economics from the London School of Economics, London, England and a Master’s of Science in Investment Management from the City University Business School in London, England.

Board of Directors

Leonidas S. Polemis, 43
Non-Executive Chairman of the Board

Mr. Polemis has been active in shipping since 1992 working with his family business, one of the largest family shipping companies within the Greek shipping community. Mr. Polemis has almost 20 years of experience in all aspects of shipping and is CEO of Empire Chemical Tankers, Inc. where he oversees operations. Mr. Polemis is a director of a number of private companies in the shipping, energy and telecommunications industries: Setel Hellas SA, Tzi Energiaki Ilias SA, Enerpro Carbon SA, Kampas SA, Aggitis SA, and Enerpro Agia Paraskevi SA. Mr. Polemis has a Master’s of Science in Business Administration from Imperial University, London, England, a Bachelor’s of Science in Maritime Business from the University of Michigan in Ann Arbor, Michigan, and a Bachelor’s of Science in Mechanical Engineering from Stevens Institute of Technology. Mr. Polemis is the brother of Anna Polemis, who is a founder but is not a member of management.

Nicholas John Frangos, 45
Director

Mr. Frangos has worked in shipping for the past 20 years, from 1991 until 2006 with Victoria Steamship Co. Ltd. Mr. Frangos has experience in all areas of the shipping industry, with a focus on aspects relating to investment decisions, S&P and commercial operations. Since December 2005, Mr. Frangos co-founded and has been the Managing Director of Enerpro Ltd., a company which makes investments in renewable energy companies and related businesses. He has also been a Managing Director of SafeShip Investment Company SICAR since September 2007, a private equity fund based in Luxembourg which invests in and operates assets in the maritime industry. Mr. Frangos is a director of a number of private companies in the shipping, energy and telecommunications industries: Setel Hellas SA, Tzi Energiaki Ilias SA, Enerpro Carbon SA, Aggitis SA, Enerpro Agia Paraskevi SA, Kampas SA, Magenko Renewables (Asia) Sdn Bhd, Magenko Renewables (Ipoh) Sdn Bhd, Magenko Renewables (Penang) Sdn Bhd, and Magenko Bo Win Co., Ltd. Mr. Frangos has a Bachelor’s of Science in Economics from the London School of Economics, London, England.

Themistoklis Kalapotharakos, 36
Director

In April 2007, Mr. Kalapotharakos co-founded and since then has been a Managing Director of SafeShip Investment Company SICAR, a private equity fund based in Luxembourg that invests in and operates assets in the maritime industry. Since January 2007, he has also served as Vice President of Empire Chemical Tankers, Inc. Mr. Kalapotharakos is a director of a number of private companies in the shipping, energy and telecommunications industries: Enerpro SA, Empire Chemical Tankers, Inc., Tzi Energiaki Ilias SA, Enerpro Carbon SA, Aggitis SA, Enerpro Agia Paraskevi SA, Kampas SA, Bitumen Applied Research Ltd., Blue Bunker SA, Blue Sea Ship Capital SA, Blue Laoura Maritime SA, Blue Harbour Maritime SA, Chemical Invest Inc., Dry Invest Inc., Elspeth Shipping Corporation, Empire Chemical Tanker Holdings Inc., Hydroussa Maritime Ltd., Linsen International Ltd., Nicomedia Navigation Ltd., Oliver Shipholding Company, Parsley Navigation Inc., Romford Services SA, and Verdi Shipholding Limited. Mr. Kalapotharakos is a member of the Institute of Petroleum (IPE) in London and has a Bachelor’s of Science in Maritime Business from Cardiff University, United Kingdom and a Master’s of Science in Transportation and Finance from the Cass Business School in London, England.