GK Investor LLC (“GK”), an affiliate of George Economou that is an approximately 5.4% shareholder of Genco Shipping & Trading Limited (“Genco” or the “Company”) (NYSE: GNK), today announced that it has nominated two candidates for election to the Genco Board of Directors (the “Board”) at the 2024 Annual Meeting of Genco’s Shareholders (the “Annual Meeting”).
GK’s nominees are:
• Randee Day, President and CEO of Day & Partners, LLC, a maritime consulting and advisory group. She has 35 years of experience in corporate governance, restructuring, M&A and maritime finance, and is currently a director of International Seaways, Inc. (NYSE: INSW) and Eagle Bulk Shipping Inc. (NYSE: EGLE). Ms. Day previously was interim CEO of DHT Maritime, Inc. (NYSE: DHT) and Managing Director at the Seabury Group. If elected to the Genco Board, Ms. Day would bring substantial maritime industry, governance and financial expertise drawn from decades of senior executive and oversight experience.
• Robert M. Pons, President and CEO of Spartan Advisors, Inc., a management consulting firm specializing in telecom and technology companies. He has served on the boards of directors of 16 publicly traded companies, and has more than 40 years of hands-on operating experience as a CEO and in senior executive positions. If elected to the Genco Board, Mr. Pons would bring significant operational know-how, technology and corporate governance experience based on his numerous executive leadership roles and public company directorships.
George Economou stated, “As a significant Genco shareholder, I strongly believe in the Company’s potential to deliver improved value for shareholders. Both Randee and Robert have highly relevant backgrounds that would, in my view, be additive in the boardroom and would help address Genco’s lagging performance. I believe the entire Board would benefit from their fresh perspectives and collective knowledge of the maritime and technology sectors and experience in finance, corporate strategy and governance. I look forward to engaging with the Company and fellow shareholders regarding the addition of these highly-qualified nominees to the Board.”
Full Nominee Biographies
Randee Day is President and CEO of Day & Partners, LLC, a maritime consulting and advisory group. She was previously the CEO of Goldin Maritime, LLC, an affiliate of a premier restructuring and advisory firm. Ms. Day previously served as interim CEO of DHT Maritime, Inc. (NYSE: DHT). Prior to that, she was Managing Director at the Seabury Group, a transportation advisory firm. She is a director of International Seaways, Inc. (NYSE: INSW), where she chairs the Audit Committee and sits on the Compensation Committee, and Eagle Bulk Shipping Inc. (NYSE: EGLE), where she chairs the Compensation Committee and is on the Audit Committee. Previously, she served on the boards of Tidewater Inc. (NYSE: TDW), the largest publicly traded offshore platform vessel operator in the world, as well as Guardian Navigation (formerly Valhalla Shipping), a shipping company specializing in the transshipment of dry cargo.
Ms. Day is a graduate of the School of International Relations at the University of Southern California and completed graduate studies at The George Washington University. She is also a graduate of the Senior Executives in National and International Security Program at the Harvard Kennedy School of Government and the Directors College at Stanford University.
Robert Pons is President and CEO of Spartan Advisors, Inc., a management consulting firm specializing in telecom and technology companies. He was previously Executive Vice President of PTGi-ICS, a wholly owned subsidiary of HC2 Holdings, Inc., a publicly traded holding company operating subsidiaries in infrastructure, telecom, construction, energy technology, gaming and life science. Previously, he was Senior Vice President, Capital Markets, at TMNG Global, a global consulting firm to technology, media, communications and financial services companies. He also served in senior management roles at technology companies including Uphonia, Inc. (formerly SmartServ Online, Inc.) and FreedomPay. Mr. Pons has served on the boards of 16 public companies and is currently a director of Marpai, Inc. (NASDAQ: MRAI). He previously served as Executive Chairman of Seachange International, Inc. (NASDAQ: SEAC) as well as a director at CCUR Holdings, Inc. (OTCPK: CCUR), Alaska Communications, Inc. and Inseego Corp. (NASDAQ: INSG), among others.
Mr. Pons received a B.A. with honors from Rowan University.
