Georgiopoulos ousted as chairman of Aegean

Shareholders have ousted Peter Georgiopoulos as chairman of Aegean Marine Petroleum Network. The Greek shipping tycoon is still the largest shareholder in the bunker supplier however with a stake over over 13%.

Georgiopoulos had served as chairman since the company’s IPO in 2006.

Yiannis Papanicolaou has been appointed as interim chairman. He has been on the Aegean board for the past 11 years. Meanwhile, Jean Jose Metey has been named as interim president of Aegean as John Tavlarios also stepped down earlier this month.

The shareholder revolt came on the back of an especially poor set of results in the most recent quarter.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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