Frangou creates new tier of top brass at Navios Partners
ANGELIKI Frangou has unveiled a trio of senior new appointments at Navios Maritime Partners in the wake of the retirement earlier this year of her long-standing lieutenant Ted Petrone.
Vassiliki (“Villy”) Papaefthymiou, the US-listed company’s secretary and executive vice-president, legal, has been made vice-chairwoman for corporate transactions, while Shunji Sasada, who had a series of senior positions in the Navios group, has been promoted to vice-chairman for commercial operations.
At the same time, the company’s chief legal risk officer, Anna Kalathakis, has been promoted to the new position of president of Navios Partners.
The triumvirate will become members of a newly-established executive office of the chairwoman and will report directly to Frangou, said Navios.
The new office is intended to “serve as a platform for the company’s senior leaders to advance the company’s long-term objectives,” it said.
All three have been with Navios Group for two decades, or thereabouts.
Frangou herself serves as the partnership’s chief executive as well as chairwoman.
She said that the leadership changes, that include further promotions in the legal, risk management and finance departments, aimed to strengthen the executive management team and heralded “an exciting new chapter” in the owner’s development as a leading maritime player.
“With these promotions, we will continue to build optionality in chartering and capital allocation across market cycles through our diversified fleet while optimising leverage and liquidity,” she said.
Navios Partners has a fleet of about 170 vessels comprising dry bulk carriers, tankers and containerships.
Other senior executives elevated to new positions in the round of promotions were Sophia Tavla, who becomes senior vice-president and head of the company’s corporate legal group; Alexandros Tsakonas, who has been made senior vice president in charge of legal risk management; and Grigoris Tzifas, who has been appointed senior vice president, finance.
With the appointments, the company aimed to “further integrate its dry bulk, container and tanker platforms.”
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