ATHENS, Greece, Dec. 2, 2015 /PRNewswire/ -- Paragon
Shipping Inc. (the "Company") (NASDAQ: PRGN) a global shipping
company specializing in the transportation of dry bulk cargoes,
announced today that the Board of Directors has appointed Mr.
Nikolas Arachovas as the Chief
Financial Officer of the Company, with immediate effect.
Nikolas Arachovas has been the Financial Advisor of Allseas
Marine S.A., the Company's technical and commercial manager, since
February 2015. He brings more than
eight years of experience in shipping and held senior management
positions in companies, where he was involved in their financial
strategy. Prior to engaging in shipping, he worked for
international companies such as Coca-Cola HBC, Deloitte and S&B
Industrial Minerals.
Mr. Michael Bodouroglou,
Chairman, President and Chief Executive Officer of the Company,
commented: "We welcome Nikolas as our new CFO. Nikolas has been
supporting us since February by providing valuable financial
advice. We believe that his business understanding, his financial
background, as well as his capital markets experience will be
valuable assets to our Company."
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 twelve drybulk vessels with a total carrying
capacity of 719,769 dwt. In addition, Paragon Shipping's current
newbuilding contracts consist of two Ultramax and three Kamsarmax
drybulk carriers that are scheduled to be delivered between the
fourth quarter of 2015 and the first quarter of 2016. The Company's
common shares and senior notes trade on the NASDAQ Capital Market
under the symbols "PRGN" and "PRGNL," respectively. For more
information, visit: www.paragonship.com. The information contained
on Paragon Shipping's website does not constitute part of this
press release.
Contacts:
Paragon Shipping Inc.
ir@paragonshipping.gr
DresnerAllenCaron
Rudy
Barrio (Investors)
rbarrio@dresnerallencaron.com
(212) 691-8087
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/paragon-shipping-announces-the-appointment-of-chief-financial-officer-300186517.html
SOURCE Paragon Shipping Inc.