Tsakos Energy Nav. Appoints Arapoglou to Board

Monday, October 11, 2010

Tsakos Energy Navigation Limited announced that Takis Arapoglou has been appointed to the company's board of directors.  Arapoglou was Chairman and Chief Executive Officer of the National Bank of Greece from March 2004 until December 2009 and Chairman of the Hellenic Bankers Association from 2005 to 2009. Prior to this and between 2000 and 2004, he was Managing Director and Global Banking Industry Head for Citigroup based in London. He is a graduate of the University of Athens School of Mathematics and earned a BSc in Naval Architecture from the University of Glasgow and an MSc in Management from Brunel University.

D. John Stavropoulos, Chairman of the Board, commented, "We are delighted to have someone with Mr. Arapoglou's background and experience join our board. His insight to the financial world and his long tenure in financial-related executive positions will be greatly beneficial to TEN, making him an indispensable member of our team. We warmly welcome Mr. Arapoglou on board."

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