ATHENS, Greece, May 26, 2015 /PRNewswire/ -- Paragon
Shipping Inc. (NASDAQ: PRGN) (the "Company") announced today that
its Board of Directors has appointed Mr. Lambros Theodorou to the Board of Directors as
an independent, non-executive director, effective May 18, 2015. Mr. Theodorou will also be
appointed to the Company's Audit, Compensation and Nominating and
Corporate Governance Committees, effective May 18, 2015.
Mr. Theodorou has over 35 years of experience in the banking
sector. He held executive positions at various banks in
Athens. From 1994 to 2013, Mr.
Theodorou served as the Deputy General Manager and head of the
Shipping Unit of EFG Eurobank S.A. Prior to this, Mr.
Theodorou held the position of Vice-President and Piraeus Shipping
Manager of the Shipping Department of The Chase Manhattan Bank
N.A.
About Paragon Shipping Inc.
Paragon Shipping is an international shipping company
incorporated under the laws of the Republic of the Marshall Islands with executive offices in
Athens, Greece, specializing in
the transportation of drybulk cargoes. Paragon Shipping's current
fleet consists of sixteen drybulk vessels with a total carrying
capacity of 980,399 dwt. In addition, Paragon Shipping's current
newbuilding program consists of two Ultramax drybulk carriers and
three Kamsarmax drybulk carriers that are scheduled to be delivered
in 2015. The Company's common shares and senior notes trade on
NASDAQ under the symbols "PRGN" and "PRGNL," respectively. For more
information, visit: www.paragonship.com. The information contained
on the Paragon Shipping's website does not constitute part of this
press release.
Contacts
Paragon Shipping Inc.
ir@paragonshipping.gr
DresnerAllenCaron
Rudy
Barrio (Investors)
r.barrio@allencaron.com
(212) 691-8087
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SOURCE Paragon Shipping Inc.