Omega Navigation of Greece will be led by seven board members following the departure of Matthew McCleery.

Matt McCleery.
Singapore and Nasdaq-listed Omega says the director, who joined the ranks in 2006, will continue to work with the product tanker owner on new projects.

“His resignation, which was a mutual decision between him and the company, will allow him to take a more active role in and devote more time to the company in the area of new business development and planning,” it wrote in a recent exchange filing.

It is not clear if Omega has hired McCleery’s ship finance firm, Blue Sea Capital, as an advisor.

Based in Connecticut, Blue Sea is an affiliate of US publisher and maritime conference group Marine Money International.

It describes itself as a financial advisory and consulting company that provides shipowners with services in capital raising, lease arrangement, senior and junior debt financing and business combination transactions.

Prior to Omega, McCleery served on the board of FreeSeas.