Performance Shipping appoints Christos Glavanis and Aliki Paliou to its Board of Directors

– GREECE, Athens –  Performance Shipping Inc. (NASDAQ: DCIX), a global shipping company specializing in the ownership of vessels, today announced that the Annual Meeting of Shareholders held on February 18, 2020, in Limassol, Cyprus, approved the election of Antonios Karavias and Andreas Michalopoulos as Class I Directors of the Company, to serve until the Company’s 2023 Annual Meeting of Shareholders.

Also effective as of the date of the Meeting, Anastasios Margaronis, Nikolaos Petmezas, and Ioannis Zafirakis have resigned from the Board of Directors due to other business commitments.

The Board of Directors has appointed Christos Glavanis and Ms. Aliki Paliou to the Board of Directors, effective as of the date hereof, to fill the existing vacancies created by the resignations. Mr. Glavanis will be appointed as Chairman of the Company’s Compensation Committee.

“We welcome and look forward to working with Mr. Glavanis and Ms. Aliki Paliou as our newest Directors of Performance Shipping Inc. and welcome Mr. Michalopoulos as a new Director effective as of February 18, 2020,” said Symeon Palios, Chairman and CEO.

“While we are sorry that Mr. Margaronis, Mr. Zafirakis and Mr. Petmezas have stepped down as Directors, we thank them for their hard work and support over the years and wish them the best of luck in their future endeavors” he added.

About Christos Glavanis

Mr. Glavanis served as a Director of Diana Shipping Inc. from August 1, 2018, to February 19, 2020. Mr. Glavanis has over 30 years of experience in the audit profession, serving in several senior roles at Ernst & Young, including as Chairman and Managing Partner of EY Greece from 1987 to 2010 and Managing Partner of EY Southeast Europe from 1996 to 2010. Mr. Glavanis was also a main Board Member of EY EMEIA Regional and a member of EY Global Council. Currently, Mr. Glavanis is a non-executive board member of W S Karoulias S.A., a beverage distribution company based in Athens, Greece and BuyaPowa Ltd., a London, England based online platform allowing users to design, launch, and analyze social sales campaigns. He is also the trustee of Phase Worldwide, a United Kingdom charity. He previously served as a non-executive board member and chairman of the Audit Committee of Korres S.A, a Greece based cosmetics company, chairman of the Audit Committee of the Hellenic Financial Stability Fund, board member and audit committee member of Eurobank SA and a non-executive board member of Pharmaten S.A. Greece based pharmaceutical company.

About Aliki Paliou

Ms. Aliki Paliou has served as an Independent Director since February 2020. She has also served as Director, Vice-President and Treasurer of Unitized Ocean Transport Limited since January 2020. From 2010 to 2015 she was employed as a Director and Treasurer of Alpha Sigma Shipping Corp. Ms. Paliou studied Theatre Studies at the University of Kent in Canterbury, UK and obtained an M.A. in Scenography at Central Saint Martins School of Art and Design in London, UK. In 2005 she graduated with honors from the Greek School of Fine Art in Athens, Greece. She is the daughter of Symeon Palios, our Chief Executive Officer and Chairman, and is married to Andreas Michalopoulos, Performance Shipping Inc.’s Director, Deputy Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary.

About Performance Shipping Inc.

Performance Shipping Inc. is a global provider of shipping transportation services through its ownership of vessels. The Company’s current fleet of vessels is employed primarily on charters with leading charterers.

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Talent4Boards Team

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