Navios Maritime Holdings Inc. Appoints Ted Petrone as President
2006年9月27日 - 7:27AM
PRニュース・ワイアー (英語)
PIRAEUS, Greece, Sept. 26 /PRNewswire-FirstCall/ -- Navios Maritime
Holdings Inc. ("Navios") (NASDAQ:BULKNASDAQ:BULKUNASDAQ:BULKW), a
vertically integrated global shipping company specializing in the
dry-bulk shipping industry, is pleased to announce the promotion of
Ted Petrone to the position of President of Navios Corporation.
Navios also announces that Robert Shaw has announced his retirement
from the position of President, effective September 30, 2006. Ms.
Frangou remarked, "While we will miss Robert's positive influence
in the daily conduct of our business, I am excited about the
addition of Ted to the senior management team, who will help us
continue to execute on our strategy. We are also uniquely fortunate
that Robert will continue to serve as a member of Navios's Board,
where, among other things, he will assist Navios in building a
South American logistics business." Mr. Petrone will head Navios'
worldwide commercial operations. Mr. Petrone served in the Maritime
Industry for 29 years, of which 26 were with Navios. After joining
Navios as an assistant vessel operator, Mr. Petrone worked at
Navios in various positions. For the last fifteen years, Mr.
Petrone was responsible for all the aspects of the daily commercial
Panamax activity, encompassing the trading of tonnage, derivative
hedge positions and cargoes. Mr. Petrone graduated from New York
Maritime College at Fort Schuyler with a B.S. in Maritime
Transportation. He served as a third Mate aboard U.S. Navy
(Military Sealift Command) tankers for one year. About Navios
Maritime Holdings Inc. Navios is a vertically integrated global
seaborne shipping company, specializing in the worldwide carriage,
trading, storing, and other related logistics of international dry
bulk cargo transportation. For over 50 years, Navios has worked
with raw materials producers, agricultural traders and exporters,
industrial end-users, ship owners, and charterers. Navios also owns
and operates a port/storage facility in Uruguay and has in-house
technical ship management expertise. Navios maintains offices in
Piraeus, Greece, South Norwalk, Connecticut and Montevideo,
Uruguay. Navios's stock is listed on the NASDAQ's National Market
System where its Common Shares, Units and Warrants trade under the
symbols "BULK," "BULKU," "BULKW." Risks and uncertainties are
described in reports filed by Navios Maritime Holdings Inc. with
the United States Securities and Exchange Commission. Safe Harbor
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
about Navios Maritime Holdings Inc. (Navios). Forward looking
statements are statements that are not historical facts. Such
forward-looking statements, based upon the current beliefs and
expectations of Navios's management, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. The information set forth herein should
be read in light of such risks. Navios does not assume any
obligation to update the information contained in this press
release. Public & Investor Relations Contact: Navios Maritime
Holdings Inc. Investor Relations 212-279-8820 DATASOURCE: Navios
Maritime Holdings Inc. CONTACT: Navios Maritime Holdings Inc.
Investor Relations, +1-212-279-8820,
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