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Castor Maritime Inc. (NASDAQ: CTRM), a global shipping company specializing in the transportation of dry bulk commodities, announced today the appointment of Mr. Angelos Rounick Platanias as a Class A Director and the new Chairman of the Audit Committee. This change comes after Mr. Georgios Daskalakis stepped down from his position to pursue other opportunities.
Mr. Daskalakis, who had been a part of the Board of Directors since the company's inception in September 2017, also previously held the role of Chairman of the Audit Committee. The transition is effective immediately, with Mr. Rounick Platanias taking over responsibilities formerly held by Mr. Daskalakis.
In addition to his new role at Castor Maritime, Mr. Rounick Platanias is involved with Toro Corp. (NASDAQ: TORO), as a non-executive director, Secretary, and member of the Audit Committee. Toro Corp., which currently trades below book value and maintains impressive gross profit margins of nearly 69%, is under the control of Mr. Petros Panagiotidis, who is the Chairman and CEO of Castor Maritime. InvestingPro analysis shows the company maintains excellent financial health with strong liquidity metrics.
The information regarding these corporate changes was filed with the United States Securities and Exchange Commission and is now incorporated by reference into the company's registration statements on Form F-3, as noted in the 6-K report submitted on February 14, 2025.
The appointment of Mr. Rounick Platanias to the Audit Committee is expected to maintain the company's commitment to strong corporate governance and oversight. Castor Maritime's business address is located in Limassol, Cyprus.
This corporate update is based on a press release statement from Castor Maritime Inc. and has been reported in compliance with SEC filing requirements. Investors interested in Toro Corp. should note that the company will report its next earnings on February 19, 2025. For detailed financial analysis and additional insights, check out InvestingPro, which offers 11 more exclusive tips about TORO's financial performance and market position.
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