Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner, today announced the strategic appointment of Paramita Das to its Board of Directors, effective immediately. This move comes as part of Genco’s ongoing efforts to enhance its leadership and strategic capabilities in the global commodities transportation sector. With Das’s appointment, the Board expands to seven directors, each bringing a wealth of experience and expertise to the table.
Strategic Appointment for Enhanced Expertise
Paramita Das is celebrated for her considerable global leadership experience within the commodities sector, having previously served as the Global Head of Marketing, Development and ESG, Metals and Minerals at Rio Tinto. Her roles at Rio Tinto spanned various leadership capacities including General Manager, Marketing and Development, Metals and Head of the Chicago Commercial Office, as well as Chief of Staff to the Chief Executive Officer. Currently, Das also serves on the Board of Coeur Mining, Inc., further underscoring her invaluable experience and perspective that she brings to Genco’s Board.
Commitment to Diversity and Value Creation
James G. Dolphin, Chairman of the Board, expressed his enthusiasm for Das’s appointment, highlighting the diversity and depth of experience she brings. “Paramita is a highly respected global leader who brings a deep understanding of the commodities markets, which are vital to Genco, as well as further diversity to our Board,” Dolphin stated. This appointment follows a comprehensive search process, emphasizing the Board’s commitment to strategic diversity and expertise to guide the company’s Comprehensive Value Strategy.
Das’s Vision for Genco’s Future
In her remarks, Das expressed her honor in joining Genco’s Board, citing the company’s leadership in the drybulk shipping sector and its commitment to strong corporate governance as key factors drawing her to the role. “I look forward to bringing my expertise in commodities to the Board and working closely with my fellow directors to capture opportunities that will drive the Company forward and create value for shareholders,” Das remarked, signaling her forward-looking approach to contributing to Genco’s strategic objectives.
Paramita Das’s appointment to Genco Shipping & Trading Limited’s Board of Directors marks a significant milestone in the company’s journey towards enhancing its strategic capabilities and leadership in the global commodities market. Her extensive experience and fresh perspectives are expected to play a pivotal role in steering Genco towards its objectives of market leadership and value creation for shareholders. As the shipping industry continues to evolve, Das’s expertise in commodities and her strategic vision will undoubtedly contribute to Genco’s ability to navigate the complexities of global trade and market dynamics.
