Okeanis Eco Tankers Corp. Updates Following Annual Meeting
Okeanis Eco Tankers Corp. Announces Key Developments
Okeanis Eco Tankers Corp. (“OET” or the “Company”) (NYSE:ECO / OSE:OET) recently concluded its 2025 Annual Meeting of Shareholders in Athens, Greece. During this significant event, shareholders gathered to discuss crucial company matters and cast their votes on several key proposals.
Board Elections and Committee Approvals
Among the pivotal decisions made during the meeting was the election of eight directors, who will guide the company's strategic direction until the next annual gathering or until their successors are appointed. The newly elected board comprises respected professionals, including Ioannis Alafouzos as Chair, along with Robert Knapp, Daniel Gold, Joshua Nemser, Charlotte Stratos, Francis “Frank” Dunne, Petros Siakotos Konstantinidis, and Dimitrios Papalexopoulos.
In addition, shareholders ratified the appointment of Deloitte Certified Public Accountants S.A. as the independent auditors for the fiscal year ending December 31, 2025, ensuring transparent financial practices and governance.
Enhancements to the Board Structure
Post-meeting, the Board of Directors undertook an important step to bolster its effectiveness by expanding the size of each of its standing committees, effective June 1, 2025. Notably, Frank Dunne was designated to every committee, indicating his integral role within the company’s governance framework. The following are the updated committee structures:
Audit Committee
Charlotte Stratos (Chair), Petros Siakotos, and Frank Dunne are now part of the Audit Committee, tasked with overseeing internal controls and ensuring the integrity of financial reporting.
Remuneration Committee
Charlotte Stratos (Chair), Robert Knapp, and Frank Dunne comprise the Remuneration Committee, responsible for assessing executive compensation and aligning it with the company’s strategy and performance.
Nominating/Corporate Governance Committee
This committee will be chaired by Petros Siakotos with Charlotte Stratos and Frank Dunne also serving, focusing on the election process for board members and corporate governance practices.
Independence and Compliance
All directors serving on the aforementioned committees have been confirmed as independent, adhering to the standards set by the New York Stock Exchange and the Oslo Stock Exchange. This independence fosters unbiased decision-making, which is vital for the company’s reputation and operational integrity.
About Okeanis Eco Tankers Corp.
Okeanis Eco Tankers Corp. stands as a prominent player in the international maritime sector, specializing in the transportation of crude oil and refined products. The company was established on April 30, 2018, under the laws of the Republic of the Marshall Islands, thriving in both the Oslo and New York Stock Exchanges under the symbols OET and ECO, respectively. The company’s modern fleet includes six Suezmax tankers and eight VLCC tankers, all equipped with advanced scrubber technology to meet environmental regulations.
Company and Investor Contacts
Company Contact:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
Email: ir@okeanisecotankers.com
Investor Relations:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, N.Y. 10169
Tel: +1 (212) 661-7566
Email: okeanisecotankers@capitallink.com
Frequently Asked Questions
What were the major outcomes of the Annual Meeting?
The meeting resulted in the election of eight directors and the confirmation of Deloitte as independent auditors for 2025.
Who are the newly elected directors?
The board includes Ioannis Alafouzos, Robert Knapp, Daniel Gold, Joshua Nemser, Charlotte Stratos, Francis Dunne, Petros Siakotos Konstantinidis, and Dimitrios Papalexopoulos.
What changes were made to the standing committees?
The Board expanded the size of each standing committee and appointed Frank Dunne to all committees.
How does Okeanis Eco Tankers ensure independence?
All committee members were evaluated for independence according to NYSE and Oslo Stock Exchange standards.
What is Okeanis Eco Tankers’ primary business focus?
The company specializes in providing transportation of crude oil and refined products through its modern tanker fleet.
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