NEWPORT, R.I., April 11, 2017 /PRNewswire/ -- Pangaea Logistics
Solutions Ltd. (NASDAQ: PANL) ("the Company") today announced the
retirement of Chief Financial Officer Anthony "Tony" Laura. Mr.
Laura has been involved with the Company in various roles since its
inception in 1996, and has been instrumental in the company's
growth. He will remain with the Company as a director and continues
to be a major shareholder.
Mr. Laura will be replaced by Gianni Del
Signore, who had previously served as Controller. During his
seven-year tenure at Pangaea, Del
Signore has worked closely with Mr. Laura in managing
Pangaea's overall finance function. Prior to Pangaea,
Del Signore worked with Ernst &
Young for five years. He holds an MBA from Bryant University and a BS in Accounting from
Providence College.
Ed Coll, Chairman and Chief
Executive Officer, commented, "Tony was an instrumental force in
the early days of the company's formation, expanding its reach with
vessel acquisitions, forming joint ventures and attracting long
term capital to grow the business. We thank him for his
contributions and look forward to his continued involvement. Gianni
has been a key member of our executive leadership team and brings
an unmatched level of dedication which we are confident will lead
to great success in his new role, and I'm excited to announce his
appointment as Chief Financial Officer."
"I am thrilled at the opportunity to continue advancing Tony's
achievements as I assume the role of Chief Financial Officer," said
del Signore. "I'm grateful for his
leadership and impact and look forward to helping lead the company
through its next growth stage."
"My time at the Company has brought me a wealth of unforgettable
memories," said Laura. "I'd like to thank Ed for the opportunity to
join this world-class team; my colleagues for their support and
dedication; our partners, who are some of the smartest and most
professional executives in our industry; and our shareholders, who
have helped make Pangaea what it is today. I'm excited to see where
Ed and his team take this company next."
About Pangaea Logistics Solutions Ltd.
Pangaea Logistics Solutions Ltd. provides logistics and ocean
shipping services to a broad base of industrial customers who
require the transportation of a wide variety of dry bulk cargoes,
including grains, pig iron, hot briquetted iron, bauxite, alumina,
cement clinker, dolomite, and limestone. The Company addresses the
transportation needs of its customers with a comprehensive set of
services and activities, including cargo loading, cargo discharge,
vessel chartering, and voyage planning. Learn more at
www.pangaeals.com.
CONTACT:
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Prosek
Partners
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Thomas
Rozycki
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Sean Silva
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Managing
Director
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Account
Supervisor
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(212) 279-3115
x208
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(212) 279-3115
x122
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trozycki@prosek.com
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ssilva@prosek.com
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SOURCE Pangaea Logistics Solutions Ltd.