New Leadership Named at Heidmar

Press Release
Wednesday, April 18, 2012

Norwalk, CT -- The Board of Directors of Heidmar Holdings LLC, the holding company for Heidmar Inc. (the "Company"), has announced that it has selected its new Executive team to lead the Company.

Marc La Monte has been appointed President and Chief Executive Officer of Heidmar Inc., and Per Heilmann has been appointed Executive Vice President and Chief Risk Officer.
These leadership appointments are effective immediately and will position Heidmar to focus on its growth, providing pool management services to independent tanker owners.
"We are pleased to be able to promote these individuals from within Heidmar, which has always developed and attracted superior talent,” said The Board of Directors, commenting on the appointments. “We have utmost confidence in their ability to lead the company. Today's challenging shipping markets are an enormous opportunity for the Heidmar Pool business. We are confident that with the new leadership structure in place, Heidmar will prosper and grow.”

Since October 2010, Marc La Monte had been the Managing Director of Heidmar's VLCC tanker pool, Seawolf Tankers Inc. Prior to joining Heidmar, he led the Gas Strategic Business Unit at Overseas Shipholding Group. During Marc's tenure at OSG, he also served as Vice President and Deputy Head of the Crude Strategic Business Unit, where he played a critical role in the commercial management of the international crude oil tanker fleet.
"I am very excited to lead Heidmar during the demanding time ahead,” La Monte said. “Heidmar's business is driven by generating market-leading performance for its Pool partners in a clear and transparent manner. This is achieved through the efforts of a great group of employees, who go the extra mile for our customers. I am proud to be given the opportunity to lead this highly respected organization."
Per F. Heilmann had been Vice President at Heidmar Inc. with the Company for 10 years and is currently responsible for all derivative trading and risk management for Heidmar. From 2008 to 2010, he held the industry position of Chairman of the Baltic Exchange Freight Market Information Users Group (Tankers).


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