ATHENS, Greece, March 24, 2015 /PRNewswire/ -- Paragon Shipping
Inc. (NASDAQ: PRGN) ("Paragon Shipping" or the "Company"), a global
shipping transportation company specializing in drybulk cargoes,
announced today its Board of Directors has appointed Mr.
Michael Bodouroglou, Chairman,
President and Chief Executive Officer of Paragon Shipping, to act
as Interim Chief Financial Officer of the Company. This follows the
departure of Mr. Robert Perri, Chief
Financial Officer, from the Company, effective today. The Company
will look for a permanent replacement.
"After five years at the Company, I have decided to pursue a
different career path more in line with my past experience. I
truly appreciate my time at Paragon, and the strong cooperation we
had with everyone involved with the Company. More importantly,
I would like to thank Mr. Bodouroglou, our Chairman and CEO, along
with the Board of Directors for their trust and support over the
years." Mr. Perri stated.
Mr. Michael Bodouroglou,
Chairman, President and Chief Executive Officer of the Company,
commented: "We want to thank Mr. Perri for his hard work,
dedication and many contributions over these past five years, and
we wish him luck in his new career pursuits."
Paragon Shipping also announced today that it will release its
results for the fourth quarter and twelve months ended December 31, 2014, after the market closes in
New York on Tuesday, March 31, 2015. Paragon's management
team will host a conference call to discuss the Company's financial
results on Wednesday, April 1, 2015,
at 9:00 am ET.
Conference Call and Webcast details:
Participants
should dial into the call ten minutes before the scheduled time
using the following numbers 1-888-348-8931 (USA) or +1-412-902-4248 (international) to
access the call. A replay of the conference call will be available
for seven days and can be accessed by dialing 1-877-870-5176
(USA) or +1-858-384-5517
(international) and using passcode 10061729.
Slides and audio webcast:
There will also be a
simultaneous live webcast through the Company's website,
www.paragonship.com. Participants should register on the website
approximately ten minutes prior to the start of the webcast.
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
Allen & Caron Inc.
Rudy
Barrio (Investors)
r.barrio@allencaron.com
(212) 691-8087
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/paragon-shipping-announces-management-transition-and-fourth-quarter-and-twelve-months-ended-december-31-2014-results-release-date-conference-call-and-webcast-300055234.html
SOURCE Paragon Shipping Inc.