10th Feb 2014 10:00
LONDON (Alliance News) - Goldenport Holdings Inc Monday said it has promoted Alexis Stephanou to the position of chief financial officer just six months after recruiting him from the investment banking arm of UBS AG as its chief investment officer and head of investor relations.
In a statement, Chief Executive John Dragnis said Stephanou had since joining demonstrated "financial acumen on several projects" as well as helping to "refine" the company's strategy.
"My move from UBS to Goldenport coincided with the beginning of a long-awaited recovery in the dry bulk sector. I believe that exciting times lie ahead and have decided to take a meaningful participation in the company," Stephanou said in a statement.
Goldenport said it sold 427,887 treasury shares to Stephanou at 43.25 pence per share, equal to the stock's closing price on last Monday. Stephanous's holding equates to 0.5% of the total. Goldenport shares were Monday quoted at 46.50 pence, up 1.38 pence, or 3.1%.
Chief Accounting Officer Konstantinos Kabanaros had been serving as interim chief financial officer.
By Samuel Agini; [email protected]; @samuelagini
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