Dorian LPG Announces Management Promotions

Source: www.gulfoilandgas.com 5/9/2024, Location: North America

Dorian LPG Ltd. announced the promotions of two current executives to increased positions of responsibility and the ringing of the New York Stock Exchange (“NYSE”) closing bell on May 9, 2024 to celebrate 10 years as a public company.

Management Promotions
The Nominating and Corporate Governance Committee (the “Committee”) of the Board of Directors of the Company established the following executive positions: Head of Energy Transition and Chief Operating Officer.

John Lycouris has been promoted to Head of Energy Transition effective April 24, 2024 and will continue as a Director of the Company. Recognizing the significant and transformative energy transition that is underway in the shipping industry the Committee determined to establish a Head of Energy Transition position at the Company, the effective management of which the Company believes is imperative for its continued growth and success. This position reports directly to the Chief Executive Officer, and is tasked with, among other things, researching, developing, applying and investing in new technology and systems.

Alexander Hadjipateras has been appointed Chief Operating Officer effective April 24, 2024. In addition to his responsibilities as Managing Director of Dorian LPG Management Company he will be responsible to plan, direct, oversee and consolidate marine and shoreside operations in coordination with our Chief Financial and Chief Commercial Officers in support of the Company’s primary operational and strategic goals and objectives.

These promotions reflect the continued growth of the Company’s operations as the global shipping industry steps up to meet the twin challenges of new technology and decarbonization. John and Alex bring significant experience to their roles and will continue to ensure the long-term success of the Company.

NYSE Closing Bell Ringing
The Company will be ringing the closing bell on the NYSE in celebration of 10 years of being a publicly listed company on the exchange. The market closing ceremony will occur on Thursday, May 9, 2024 at 4:00 p.m. Eastern Time and can be viewed on the NYSE Bell website at www.nyse.com/bell.


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