Crowley Announces Executive Changes

Tuesday, February 26, 2002
Tom Crowley Jr., Chairman, President and Chief Executive Officer of Crowley Maritime Corporation and Richard du Moulin, president of Marine Transport Corporation (MTC), jointly announced that with the successful integration of MTC into Crowley, du Moulin will be resigning from MTC to pursue other business interests. Crowley acquired Weehawken, N.J.-based MTC in February 2001. Mark Filanowski, senior vice president and chief financial officer of MTC, will also be leaving the company. Both resignations will take effect April 1, 2002. du Moulin had been Chairman of MTC since 1989 when he and Filanowski, utilizing their company Intrepid Shipping, acquired what was then NASDAQ-listed Marine Transport Lines, Inc. (MTL). In 1998, working in conjunction with Craig Stevenson, Chairman of the Board of Directors of OMI Corp., du Moulin and Filanowski merged MTL into OMI, followed immediately by a separation of OMI into a US-flag, NASDAQ-listed company called Marine Transport Corporation and foreign-flagged, NYSE-listed company called new OMI. In the three years that followed MTC acquired the US-flag tanker interests of Occidental Petroleum and Mormac Group, Inc., making MTC one of the largest US ship operators. In February 2001, with the acquisition of MTC, Crowley became America's largest US-flag shipping company. du Moulin has served in many industry leadership positions including Chairman of Intertanko, a tanker industry organization, and he serves on the boards of directors of the American Bureau of Shipping (ABS), the Seamen's Church Institute of New York/New Jersey, and the National Maritime Historical Society. Mark Filanowski is Chairman of the Board of Directors of the Shoreline Mutual (Bermuda) Ltd., and is a member of ABS.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3145 sec (3 req/sec)