Eagle Bulk Shipping has announced a change in its chief financial officer chair, with Frank De Costanzo stepping down after six years in the role.

The New York-listed bulker owner said De Costanzo will be replaced on 1 April by chief strategy officer Costa Tsoutsoplides.

The board of directors has approved the changes.

The moves will end De Costanzo’s six-year stint as CFO, although he will remain a special advisor to the board until the end of next year.