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Toro Corp . (NASDAQ:TORO), a Cyprus-based company specializing in deep-sea freight transportation, today announced a significant change in its executive team. Theologos Pagiaslis has been appointed as the new Chief Financial Officer (CFO), taking over from Ioannis Lazaridis, who has decided to step down to explore new opportunities.
Pagiaslis comes to Toro with over 15 years of experience in the financial sector, particularly in investment banking, capital markets, and corporate strategy. This expertise is expected to guide Toro through its next phase of financial management and corporate development.
Lazaridis, who has been with Toro since the company’s spin-off in March 2023, was thanked by the board and management for his contributions during a transformative period for the company.
The leadership transition is part of Toro’s strategic efforts to strengthen its executive team and enhance its operations in the energy transportation sector. The company has filed this information in a Form 6-K with the Securities and Exchange Commission (SEC), as per regulatory requirements for foreign private issuers.
This executive shift comes at a time when the industry is facing various global challenges, and Toro is positioning itself to navigate these with a fresh financial perspective at the helm. Toro Corp.’s commitment to corporate governance is reflected in the timely announcement of this change, ensuring transparency with its investors and stakeholders.
The information regarding this executive change is based on a press release statement filed with the SEC.
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