Genco Shipping & Trading said two of its major shareholders now have board seats.
Following the resignation of two board members at the end of last week, Genco’s board appointed Peter Kirchoff as a new director. Kirchoff has been a managing director at Strategic Value Partners (SVP) since 2015. SVP owns 17.3% of Genco's stock, according to a recent filing.
The board also appointed Arthur Regan, an operating partner with Apollo Investment Consulting.
