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Star Bulk board changes

Star Bulk board changes

(Posted on 27/01/20)

Star Bulk Carriers Corp. has announced the appointment of Mr. Brian Laibow to its Board of Directors

as Class B Director and to the Company’s Nomination and Corporate Governance Committee.

Mr. Laibow fills the seat made vacant by the resignation of Ms. Emily Stephens

who had been a director of the Company and member of its Committee since November 2018.

Additionally, the Company announced that funds managed by Oaktree Capital Management, L.P.

exercised the right to designate an additional director to the Company’s Board under the

Oaktree Shareholders Agreement of July 2014 . Oaktree nominated Ms. Dawna Men as its third Board

member designee, who will also be a Class B director. Mr. Laibow and Ms. Men are employed by

Oaktree. The Board of Directors is now comprised of ten directors.

Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the

dry bulk sector. Star Bulk’s vessels transport major bulks, which include iron ore, coal and grain, and

minor bulks, which include bauxite, fertilizers and steel products. Star Bulk was incorporated in the

Marshall Islands on 13 December, 2006 and maintains executive offices in Athens, Oslo, New York,

Cyprus and Geneva. Its common stock trades on the Nasdaq Global Select Market and on the Oslo

Stock Exchange under the symbol “SBLK”. On a fully delivered basis, Star Bulk will have a fleet of 116

vessels, with an aggregate capacity of 12.9 million dwt, consisting of 17 Newcastlemax, 19 Capesize, 2

Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax and 17 Supramax vessels with

carrying capacities between 52,055 dwt and 209,537 dwt.

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