New York-listed international bunkering firm Aegean Marine Petroleum Network (Aegean) Wednesday terminated its consulting agreement with Dimitris Melisanidis (through Leskira Holdings Co. Limited), Aegean’s founder and former Head of Corporate Development.
The company also appointed Tyler Baron of RBM Holdings LLC (“RBM”), Raymond Bartoszek, and Donald Moore to its Board of Directors, effective immediately.
The new independent directors will serve alongside Yiannis N. Papanicolaou, Spyridon Fokas, George J. Konomos and Konstantinos Koutsomitopoulos on Aegean’s Board of Directors, bringing the number of independent directors to six.
As part of the development, RBM has agreed to voluntarily dismiss the shareholder litigation that it initiated against Aegean in the Southern District of New York, and further, the RBM Parties have agreed to release Aegean from any and all claims relating to such litigation.
“We are pleased to welcome the new directors joining the Company’s Board and the resolution of the litigation,” said Konstantinos Koutsomitopoulos, Aegean’s Chairman of the Nominating and Governance Committee.
“We and RBM believe that Aegean’s unique assets and strategic network are a strong foundation for future success.”
Tyler Baron and Justin Moore, speaking on behalf of RBM and The Committee for Aegean Accountability, said, “We are pleased to be part of a significant evolution of the board.”
“The new board members look forward to working with their colleagues and management on delivering a strategic operating plan that focuses on value creation and brings Aegean into its next phase of growth and profitability.”
Related: Aegean requests for ‘additional time’ to file annual report
Related: Aegean welcomes new Chief Financial Officer
Related: Lawsuit filed against Aegean’s H.E.C. acquisition
Related: Aegean to offer ‘one-stop-shop solution’ with H.E.C. acquisition
Related: Aegean in $367 million acquisition of port reception facilities services group
Related: Aegean shareholders ‘gravely concerned’ over board’s silence
Related: Shareholders nominate ‘highly qualified’ candidates to Aegean board
Related: Aegean Marine Petroleum Network under shareholder pressure
Photo credit: Aegean Marine Petroleum Network
Published: 3 May, 2018
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