Foteinos, Safe Bulkers Director/COO

Friday, February 20, 2009

Safe Bulkers, Inc. (NYSE:SB), an international provider of marine drybulk transportation services, has confirmed that its Chief Operating Officer and director, Nicolaos Hadjioannou, has resigned from both positions with the company in order to pursue his own shipping activities. Under his contractual arrangements with the company, Mr. Hadjioannou cannot pursue drybulk vessel business opportunities for the next 12 months, unless first offered to, and refused by, the company.

Polys Hajioannou, Chairman of the Board of Directors and Chief Executive Officer of the Company said “Although he will be missed, Nicolaos’ departure to pursue his own business opportunities is a natural progression for him. I definitely agree that now is the right moment for his decision. I thank Nicolaos for the contributions he has made to Safe Bulkers, Inc., and wish him all the best in his future endeavors, for which he has every credential to make successful.”

The company has appointed John Foteinos to replace Nicolaos Hadjioannou as a director and Chief Operating Officer. Mr. Foteinos has 25 years of experience in the shipping industry. After obtaining a bachelors degree in nautical studies, he joined the predecessor of our Manager, Safety Management Overseas, in 1984, where he presently serves and will continue to serve as Chartering Manager. Mr. Foteinos assumes his new position on the Board of Directors and as Chief Operating Officer immediately.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People in the News

China Shipbuilder Rongsheng in 2013 Revenue Freefall

During the year ended 31, December 2013 China Rongsheng, the largest non-state-owned shipbuilder in the PRC, reports that revenue of the Company was RmB1,343.6 million, a decrease of 83.

Putin Welcomes New NATO Head

Russian President Vladimir Putin welcomed NATO's selection of former Norwegian Prime Minister Jens StoltenbergĀ as its new head, saying on Saturday the pair

Coast Guard tactical air squadron holds change of command ceremony

Capt. Kevin P. Gavin relieved Capt. Donna L. Cottrell as commanding officer of Coast Guard Helicopter Interdiction Tactical Squadron Jacksonville during a change of command ceremony at HITRON Friday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Repair Winch
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: 0.0937 sec (11 req/sec)