Pardini Named New LASCO President

Wednesday, May 15, 2002
Lasco Shipping Co. (LASCO), announced that the Board of Directors has appointed Anton U. Pardini as President and Chief Operating Officer. In making the announcement, Novack stated the Board’s strong support for Pardini was based in part on Pardini’s clear vision for the company’s future direction, his skill in forging strong strategic business alliances with global partners, and commitment to enhancing the company’s core value through vessel and asset acquisitions, partnerships, pooling arrangements and continuing development of LASCO’s reputation as a provider of efficient, reliable vessel services for customers world-wide. Industry observers note the addition of Pardini to the top management of LASCO is another in a series of recent initiatives the company has undertaken to become a more aggressive participant in global maritime shipping services. Other recent news about the company includes Sincere Steamship Co.’s commitment of two new buildings to the LASCO Logger Pool and Lasco’s announcement that it is purchasing two bulk carrier new buildings from Namura Shipbuilding. There are indications that LASCO will be purchasing even more new logger vessels and further expanding the memberships in the Logger Pool. The Lasco Logger Pool, one of the largest logger fleets in the world, has 17 vessels in the pool.

Prior to his appointment as LASCO’s president, Pardini had advised the company on business strategy and growth. He has previously been the CEO of a wireless communications technology development company and served for six years as General Counsel for The Schnitzer Group of companies. Pardini is a graduate of Reed College and Northwestern University of Law.

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