Greece's Latsco Marine Management said on Wednesday it agreed to part ways with Kostas Vlachos, its chief operating officer for almost a quarter of a century.

The “consensual” decision was announced internally on 7 June, the Latsis family's tanker and gas carrier outfit said in a statement.

Company owner Paris Kassidokostas-Latsis praised Vlachos for his dedication, hard work and competence.