Pangaea Logistics Solutions Welcomes New CEO Mads Petersen

Pangaea Logistics Solutions Welcomes New CEO Mads Petersen

Pangaea Logistics Solutions Ltd. (NASDAQ: PANL), a leading player in maritime logistics, has exciting news regarding its leadership transition. Mark Filanowski, the long-serving Chief Executive Officer, is preparing to retire, marking the end of an impactful eleven-year journey with the company. This transition will be effective on January 1, 2026, paving the way for a new era under the leadership of Chief Operating Officer Mads Petersen, who is set to step into the role of President and CEO on the same date.

A New Chapter in Leadership

Mads Petersen has been a pivotal figure in Pangaea’s advancement over the years. His journey with the company began in 2009 when he co-founded Nordic Bulk Carriers in collaboration with Pangaea. With over 20 years in the dry bulk shipping sector, Petersen's extensive experience has made him a key player in steering the company toward success. Since 2022, he has adeptly overseen the commercial, operational, and technical divisions of Pangaea.

Achievements of Mark Filanowski

The Board of Directors expresses gratitude to Filanowski for his unwavering commitment to Pangaea. Under his guidance, the organization has successfully adapted to the ever-changing dynamics of the global shipping industry. Notably, Filanowski has been essential in tripling the owned vessel fleet and expanding port operations across the Gulf Coast and Mid-Atlantic regions. His leadership since the founder's passing has set a strong foundation for future growth.

Petersen's Vision as the New CEO

Petersen, reflecting on his predecessor's impactful leadership, expressed enthusiasm for the opportunity to lead the company. He appreciates the strength of Pangaea's unique business model, which has yielded impressive returns amid fluctuating market conditions. His plans focus on enhancing customer satisfaction and innovating maritime solutions that bring long-term value to shareholders.

Strategic Outlook for Pangaea

With Petersen at the helm, the company is well-positioned for the next phase of growth. The Board, led by Richard du Moulin, reinforces their confidence in Petersen's capabilities, noting his deep understanding of the industry and operational insights. His long tenure at Pangaea uniquely equips him to navigate the company through impending challenges and opportunities, ensuring continued success.

About Pangaea Logistics Solutions Ltd.

Pangaea Logistics Solutions Ltd. (NASDAQ: PANL) specializes in seaborne logistics and transportation for dry bulk goods, providing an array of terminal services. Their operations cater to a diverse clientele needing the transport of a variety of dry bulk commodities—from grains to alumina. Leveraging their logistical acumen, Pangaea implements a wide range of services including cargo management, port operations, and vessel technical oversight. For more insight, visit their website www.pangaeals.com.

Frequently Asked Questions

Who is the new CEO of Pangaea Logistics Solutions?

Mads Petersen will serve as the new CEO, succeeding Mark Filanowski on January 1, 2026.

What was Mark Filanowski's contribution to the company?

Filanowski played a crucial role in expanding Pangaea's fleet and unique business model, successfully adapting to market changes during his tenure.

How long has Mads Petersen worked at Pangaea?

Petersen has been with Pangaea for over 16 years, significantly contributing to its growth and operational success.

What are the strategic goals under the new CEO?

Petersen aims to enhance customer service and drive operational innovation while building long-term shareholder value.

Where can I find more information about Pangaea?

You can learn more about Pangaea's services and offerings at their official website: www.pangaeals.com.

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