NEW YORK - Genco Shipping (NYSE:GNK) & Trading Limited (NYSE:GNK), a prominent drybulk shipowner in the U.S., announced the immediate appointment of Paramita Das to its Board of Directors. This addition increases the board's membership to seven directors.
Das, who has a substantial background in global leadership within the commodities sector, joins Genco Shipping after her tenure as the Global Head of Marketing, Development, and ESG for Metals and Minerals at Rio Tinto (NYSE:RIO), which concluded in February 2024. Her career at Rio Tinto included several leadership roles, and she is also a current board member at Coeur Mining (NYSE:CDE), Inc.
James G. Dolphin, Chairman of Genco Shipping's Board, highlighted Das's deep understanding of the commodities markets and her capacity to bring diversity to the board. He noted that her appointment was the result of a comprehensive search process initiated in mid-last year with the help of an executive search firm.
Das expressed her honor in joining Genco Shipping's Board and her eagerness to contribute her commodities expertise to further the company's success and shareholder value.
Genco Shipping & Trading Limited specializes in the global transportation of commodities, operating a fleet that includes Capesize, Ultramax, and Supramax vessels. As of March 5, 2024, the company's fleet consists of 45 vessels with a combined capacity of approximately 4,828,000 dwt and an average age of 11.7 years.
The announcement of Das's appointment is based on a press release statement from Genco Shipping & Trading Limited. The company has also indicated it will file a proxy statement and associated materials with the SEC for its 2024 Annual Meeting of Shareholders.
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