Dry CargoEurope

Eagle Bulk Shipping CEO replaced

Athens: Sophocles N. Zoullas has officially resigned as CEO of Eagle Bulk and has been replaced by Stanley H. Ryan.

Ryan, a current member of the Eagle Bulk board, took over on March 6. He was formerly the global co-leader of Cargill’s agricultural supply chain businesses.

Zoullas and Eagle Bulk have entered into a separation agreement and general release, the NASDAQ-listed company said today.

Bart Veldhuizen, one of Eagle Bulk’s directors, will succeed Zoullas on the company’s audit committee.

“Stanley Ryan’s global commodity expertise – earned over many productive years at Cargill – and strong commercial relationships will serve the company well as we navigate ongoing challenges in the dry bulk market,” Paul M. Leand, Jr, chairman of the board, said today in a statement.

Zoullas, Eagle Bulk’s founder, gave notice of his resignation to the executive board on February 19. His reasons for resigning have not been publically disclosed.

Randee E Day has stepped down as interim president of the company, but remains a director.

Tags

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
Back to top button
Close
Close