STAR BULK MOVES TO NEW EXECUTIVE OFFICES AND APPOINTS MR KLEOPAS AS CHIEF OPERATING OFFICER
News Release
Star Bulk Carriers Corp.
July 6, 2011
ATHENS, GREECE, July 6, 2011 - Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has moved its executive offices to new premises at 40 Agiou Konstantinou Str, 15124 Maroussi, Greece. All interested parties are kindly requested to update their records accordingly.
Star Bulk also announced the appointment of Mr. Zenon Kleopas as the Company's new Chief Operating Officer. Mr. Kleopas has over 30 years of experience in the shipping industry and served as General Manager of Combine Marine Inc. before joining Star Bulk.
Spyros Capralos, President and CEO of Star Bulk commented: "I am pleased to be welcoming Mr. Kleopas on board the Star Bulk management team.I believe that the addition of his extensive experience and operations management expertise will have a significant contribution to the company not only in maintaining our fleet in the best possible condition, but also in continuing our operating expenses optimization strategy.
"Implementing our intentions to bring operating costs down, we relocated the Company's executive offices to new premises benefiting a reduction of approximate 50% in total rental expenses while still accommodating the Company's current and future growth plans."
Star Bulk also announced the appointment of Mr. Zenon Kleopas as the Company's new Chief Operating Officer. Mr. Kleopas has over 30 years of experience in the shipping industry and served as General Manager of Combine Marine Inc. before joining Star Bulk.
Spyros Capralos, President and CEO of Star Bulk commented: "I am pleased to be welcoming Mr. Kleopas on board the Star Bulk management team.I believe that the addition of his extensive experience and operations management expertise will have a significant contribution to the company not only in maintaining our fleet in the best possible condition, but also in continuing our operating expenses optimization strategy.
"Implementing our intentions to bring operating costs down, we relocated the Company's executive offices to new premises benefiting a reduction of approximate 50% in total rental expenses while still accommodating the Company's current and future growth plans."