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June 15, 2017

April 11, 2017

Pangaea Announces Retirement of Chief Financial Officer Tony Laura-

Appointment of New CFO Gianni Del Signore

NEWPORT, RI – April 11, 2017 - 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.”

 

 

 

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January 10, 2017

Pangaea Announces Appointment of New Chief Operating Officer

NEWPORT, RI - January 10, 2017 - Pangaea Logistics Solutions, Ltd. (NASDAQ: PANL) ("the Company"), today announced the appointment of Mark Filanowski to the role of Chief Operating Officer of the Company.

 

Mr. Filanowski, who has been a board member since the Company went public in October 2014, will assume immediately the newly created position in the Company.  Mr. Coll said, “For the last 18 months, Mark has been facilitating projects essential to our corporate strategy, including acquisition of the minority interest in our subsidiary Nordic Bulk Holding ApS and securing long-term financing for our newbuilding projects.  His experience will help to guide us through the next stage of Pangaea’s growth.”

 

Mr. Filanowski was previously a Senior Vice President and Chief Financial Officer of Marine Transport Corp., a NASDAQ listed company, prior to his involvement in the formation of Intrepid Shipping, LLC in 2002.  He has over 25 years of experience in shipping operations and finance.

 

Mr. Filanowski will remain on the Board of Directors of Pangaea as a non-independent director, and he will retain his existing ownership interests in Intrepid Shipping, LLC, a non-affiliated company which commercially manages two chemical parcel tankers and three handy bulk carriers, as well as his minority ownership interests in the same vessels.

 

 

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