New York: Less than a week after it was announced that Gary Vogel was stepping down from Clipper Group, Eagle Bulk have announced the appointment of Vogel as their company CEO.
Vogel had been the co-CEO of Clipper Group together with Kristian Morch, who announced his resignation from Clipper in May 2015, leaving Vogel in charge 4,000 miles away from the company headquarters in Copenhagen.
In his new role at Eagle Bulk, beginning September 1, Vogel will succeeds Stanley H. Ryan, who took up the role in March from his position on the board replacing Sophocles N. Zoullas, who had resigned in February. Ryan will revert to his previous role as an independent director.
Paul M. Leand, Jr., chairman of the board at Eagle Bulk, commented, “Gary Vogel brings over 25 years of experience as an operator in the geared dry bulk sector and has a proven track record of success, most recently as the CEO of Clipper Group. Bringing him to Eagle Bulk enhances our Company by adding a world-class commercial operator and expands our skill platform. Looking forward, Eagle Bulk can now grow from being a tonnage provider to creating value in multiple dimensions — most importantly by focusing on value-added performance and above index returns.
The New York headquartered company operates a fleet of 44 supramax dry bulk vessels.