Dr. John Coustas is our President, Chief Executive Officer and a member of our
board of directors. Dr. Coustas has over 30 years of experience in the shipping
industry. Dr. Coustas assumed management of our company in 1987 from his father,
Dimitris Coustas, who founded Danaos Shipping in 1972, and has been responsible
for our corporate strategy and the management of our affairs since that time.
Dr. Coustas is also a member of the board of directors of Danaos Management Consultants,
the Union of Greek Shipowners and the Cyprus Union of Shipowners and President
of HELMEPA (Hellenic Maritime Protection Agency), as well as Deputy Chairman of
the board of directors of The Swedish Club. Dr. Coustas holds a degree in Marine
Engineering from National Technical University of Athens as well as a Masters
degree in Computer Science and a Ph.D in Computer Controls from Imperial College,
London.
Iraklis Prokopakis is our Senior Vice President, Treasurer, Chief Operating
Officer and a member of our board of directors. Mr. Prokopakis joined us in
1998 and has over 37 years of experience in the shipping industry. Prior to
entering the shipping industry, Mr. Prokopakis was a captain in the Hellenic
Navy. He holds a Bachelor of Science in Mechanical Engineering from Portsmouth
University in the United Kingdom, a Masters degree in Naval Architecture and
a Ship Risk Management Diploma from the Massachusetts Institute of Technology
in the United States and a post-graduate diploma in business studies from the
London School of Economics. Mr. Prokopakis also has a Certificate in Operational
Audit of Banks from the Management Center Europe in Brussels and a Safety Risk
Management Certificate from Det Norske Veritas. He is a member of the Board
of the Hellenic Chamber of Shipping and the Owners Committee of the Korean
Register of Shipping.
Evangelos Chatzis is our Chief Financial Officer and Secretary. Mr. Chatzis
has been with Danaos Corporation since 2005 and has over 20 years of experience
in corporate finance and the shipping industry. During his years with Danaos
he has been actively engaged in the companys initial public offering in the
United States and has led a variety of projects, the latest being the successfully
concluded comprehensive financing plan of the company. Throughout his career
he has developed considerable experience in operations, corporate finance, treasury
and risk management and international business structuring. Prior to joining
Danaos, Evangelos was the Chief Financial Officer of Globe Group of Companies,
a public company in Greece engaged in a diverse scope of activities including
dry bulk shipping, the textile industry, food production & distribution
and real estate. During his years with Globe Group, he was involved in mergers
and acquisitions, corporate restructurings and privatizations. He holds a Bachelor
of Science degree in Economics from the London School of Economics, a Masters
of Science degree in Shipping & Finance from City University Cass Business
School, as well as a post-graduate diploma in Shipping Risk Management from
IMD Business School.
Dimitris Vastarouchas is our Deputy Chief Operating Officer. Mr. Vastarouchas
has been the Technical Manager of our Manager since 2005 and has over 18 years
of experience in the shipping industry. Mr. Vastarouchas initially joined our
Manager in 1995 and prior to becoming Technical Manager he was the New Buildings
Projects and Site Manager, under which capacity he supervised newbuilding projects
in Korea for 4,250, 5,500 and 8,500 TEU containerships. He holds a degree in
Naval Architecture & Marine Engineering from the National Technical University
of Athens, Certificates & Licenses of expertise in the fields of Aerodynamics
(C.I.T.), Welding (CSWIP), Marine Coating (FROSIO) and Insurance (North of England
P&I). He is also a qualified auditor by Net Norske Veritas.
George Economou has been a member of our board of directors since 2010. Mr.
Economou has over 38 years of experience in the maritime industry. Mr. Economou
began his career in 1976 and worked in shipping companies mostly in New York
before starting his own company in 1986. Between 1986 and 1991, he invested
and participated in the formation of numerous individual shipping companies
and in 1991 he founded Cardiff Marine Inc., Group of Companies. He has served
as Chairman, President and Chief Executive Officer of Dryships Inc. since its
incorporation in 2004. He successfully took the company public in February 2005,
on NASDAQ under the trading symbol: DRYS.
Mr. Economou has overseen the companys growth into the largest US listed dry
bulk company in fleet size and revenue and the second largest Panamax owner
in the world. The company subsequently invested and developed Ocean Rig UDW,
an owner of rigs and ships involved in ultra deep water drilling, which is also
trading on NASDAQ under the trading symbol: ORIG. Mr. Economou is a board member
of the Union of Greek Shipowners. Mr. Economou is also a member of ABS Council,
Intertanko Hellenic Shipping Forum and Lloyds Register Hellenic Advisory Committee.
Mr. Economou is a graduate of the Massachusetts Institute of Technology and
holds both a Bachelor of Science and a Master of Science degree in Naval Architecture
and Marine Engineering and a Master of Science in Shipping and Shipbuilding
Management.
Myles R. Itkin has been a member of our board of directors since 2006. Mr.
Itkin was the Executive Vice President, Chief Financial Officer and Treasurer
of Overseas Shipholding Group, Inc. ("OSG"), in which capacities he
served, with the exception of a promotion from Senior Vice President to Executive
Vice President in 2006, from 1995 to 2013, at which time he retired. Prior to
joining OSG in June 1995, Mr. Itkin was employed by Alliance Capital Management
L.P. as Senior Vice President of Finance. Prior to that, he was Vice President
of Finance at Northwest Airlines, Inc. On November 14, 2012, OSG filed voluntary
petitions for reorganization for itself and 180 of its subsidiaries under Chapter
11 of Title 11 of the United States Code in the U.S. Bankruptcy Court for the
District of Delaware. Mr. Itkin joined the board of directors of the U.K. P&I
Club in 2006. Mr. Itkin holds a Bachelors degree from Cornell University and
an MBA from New York University.
Miklós Konkoly-Thege has been a member of our board of directors since
2006. Mr. Konkoly-Thege began at Det Norske Veritas ("DNV"), a ship
classification society, in 1984. From 1984 through 2002, Mr. Konkoly-Thege served
in various capacities with DNV including Chief Operating Officer, Chief Financial
Officer and Corporate Controller, Head of Corporate Management Staff and Head
of Business Areas. Mr. Konkoly-Thege became President and Chairman of the Executive
Board of DNV in 2002 and served in that capacity until his retirement in May
2006. Mr. Konkoly-Thege is a member of the board of directors of Wilhelmsen
Maritime Services Holding AS and Stena Hungary Holding KFT. Mr. Konkoly-Thege
holds a Master of Science degree in civil engineering from Technische Universität
Hannover, Germany and an MBA from the University of Minnesota.
Dr. Robert A. Mundell has been a member of our board of directors since 2006.
Dr. Mundell is the University Professor of Economics at Columbia University.
Dr. Mundells principal occupation since 1967 has been as a member of the faculty
of Columbia University. Dr. Mundell served as a member of the board of directors
of Olympus Corporation from 2005 to 2008. Since 2003, Dr. Mundell has also served
as Chairman of the Word Executive Institute in Beijing, China. He has been an
adviser to a number of international agencies and organizations including the
United Nations, the IMF, the World Bank, the Government of Canada, several governments
in Latin America and Europe, the Federal Reserve Board and the U.S. Treasury.
In 1999 Dr. Mundell received the Nobel Prize in Economics. Dr. Mundell holds
a Bachelors degree from the University of British Columbia, a Masters degree
from the University of Washington and a Ph.D. from the Massachusetts Institute
of Technology.
William Repko has been a member of our board of directors since July 2014.
Mr. Repko has nearly 40 years of investing, finance and restructuring experience.
Mr. Repko retired from Evercore Partners in February 2014 where he had served
as a senior advisor, senior managing director and was a co-founder of the firms
Restructuring and Debt Capital Markets Group since September 2005. Prior to
joining Evercore Partners Inc., Mr. Repko served as chairman and head of the
Restructuring Group at J.P. Morgan Chase, a leading investment banking firm,
where he focused on providing comprehensive solutions to clients liquidity
and reorganization challenges. In 1973, Mr. Repko joined Manufacturers Hanover
Trust Company, a commercial bank, which after a series of mergers became part
of J.P. Morgan Chase. Mr. Repko has been named to the Turnaround Management
Association (TMA)-sponsored Turnaround, Restructuring and Distressed Investing
Industry Hall of Fame. Mr. Repko has served on the Board of Directors of Stellus
Capital Investment Corporation (SCM:NYSE) since 2012 and is Chairman of its
Compensation Committee and serves on the Audit Committee. Mr. Repko received
his B.S. in Finance from Lehigh University.
Danaos Corporation currently has 4398 employees.
