Board of Directors

The Board of Directors is responsible for the stewardship of GSL, for all strategic decisions, and for the supervision of management and the affairs of the Company.

The principal functions and responsibilities of the Board of Directors, whether directly or through delegation to the Board Committees include:

Overseeing management including adopting a succession planning process, participating in the selection, appointment, development, evaluation and compensation of senior officers, promoting a culture of integrity consistent with the Code of Business Conduct and Ethics and periodically reviewing this Code of Business Conduct and Ethics;

Overseeing the reliability and integrity of the accounting principles and practices and the disclosure principles and practices followed by management;

Overseeing the integrity of GSL's internal controls and management information systems by adopting appropriate internal and external audit and control systems;
Identifying major risks which might impact the Company and ensuring systems are in place to manage those risks;

Adopting a strategic planning process whereby management develops and proposes, and the Board of Directors reviews and approves, significant corporate strategies and objectives;

Overseeing GSL's continuous disclosure program and periodically reviewing and approving any significant changes to GSL's Disclosure Policy; and

Overseeing the development of the Company's approach to corporate governance including reviewing and approving any changes to GSL's
Corporate Governance Guidelines
The following table sets forth information regarding GSL's directors, the majority of whom are independent. Our articles of incorporation provide for a Board of Directors serving staggered, three-year terms. The term of Term I directors expires at the 2018 annual meeting of stockholders, the term of Term II directors expires at the 2019 annual meeting and the term of Term III directors at the 2020 annual meeting.
  • Michael S. Gross
    Term III Director, Chairman of the Board

    Mr. Gross has been a director since inception and was appointed Chairman in September 2008. Since December 2010, Mr. Gross has been the Chairman of the board of directors, Chief Executive Officer and President of Solar Senior Capital Ltd. Since December 2007, Mr. Gross has served as the Chairman and Chief Executive Officer of Solar Capital Ltd, a finance company focusing on debt and equity investments in leveraged companies. Mr. Gross was the Chairman, Chief Executive Officer, and Secretary of Marathon Acquisition Corp. from April 2006 to August 2008. Between February 2004 and February 2006, Mr. Gross was the President and Chief Executive Officer of Apollo Investment Corporation ("AIC"), a publicly traded business development company, and was the managing partner of Apollo Investment Management, L.P. ("AIM"), a leading private equity firm which he founded in 1990 and the investment adviser to AIC. From 1990 to February 2006, Mr. Gross was a senior partner at AIM. Mr. Gross currently serves on the board of directors of Jarden Corporation.

  • Howard Boyd
    Term II Director

    Mr. Boyd has been a director since August 2008. In 1996, Mr. Boyd was named chief executive officer of Safmarine, a container liner operator based in Antwerp, which was purchased by AP Moller-Maersk in 1999. Mr. Boyd took a leading role in the takeover and continued as chief executive officer of the separate Safmarine entity until his retirement in 2004. His career with Safmarine began in 1970 when he joined as a tanker accountant. Mr. Boyd held a variety of positions with Safmarine, including financial controller, USA trade executive, chief operating officer of the bulk division and bulk director. He became a member of the Safmarine board of directors in 1988. Mr. Boyd was appointed a consultant to AP Moller-Maersk, continuing as a director of Safmarine, from 2004 to 2008. During this period, he served on the Audit and Remuneration Committees. Mr. Boyd has a Bachelor of Commerce from University of Cape Town and qualified as a South African Chartered Accountant.

  • Angus R. Frew
    Term II Director


    Mr. Frew has been a director since August 2008. Mr. Frew is the Secretary General of BIMCO and was chief executive of the British Chamber of Shipping between July 2009 and July 2013. Mr. Frew was president and chief executive officer from 2003 until 2008 of GE SeaCo SRL, a joint venture between GE Capital and Sea Containers Ltd and one of the largest global container leasing companies. Mr. Frew was a director of the Institute of International Container Lessors from 2003 until 2008, serving as chairman in 2004, and a director of the Container Owners' Association from 2007 to early 2008. Mr. Frew was an officer of Sea Containers Ltd from 2003 to 2005 and senior vice president of its container division. From 1990 to 2002, Mr. Frew held senior management positions in the beverages industry with Grand Metropolitan Plc, Diageo Plc and The Seagram Company Ltd. After qualifying as a British Chartered Accountant in 1983, Mr. Frew held senior financial positions in a number of small entrepreneurial businesses in the IT consultancy, design and retail industries. Mr. Frew has an honors degree in chemistry from the University of Durham.


  • Guy Morel
    Term I Director

    Mr. Morel has been a director since August 2008. Mr. Morel was the general secretary of InterManager, the International Association of Shipmanagers from 2007 to 2010. From 2005 to 2007, he was a professor of corporate finance and director of development at the International University of Monaco. From 1993 to 2004, he was the president, director and chief operating officer of MC Shipping Inc, a company quoted on the American Stock Exchange, and involved in the ownership and time chartering of containerships and LPG carriers. Between 1979 and 1993, Mr. Morel was one of the founders, a director and a shareholder of V.Ships Inc., a leading ship management group, where he was senior vice president in charge of strategic planning and marketing. Prior to 1979, he was a consultant with Data Resources Inc., an American consulting group involved in econometric modeling and economic forecasting. Mr. Morel holds a Bachelor's Degree in civil engineering from Ecole Centrale de Paris and an MBA from Harvard Business School.

  • Alain Wils
    Term III Director
    Mr. Wils was appointed as a director by the board of directors on May 8, 2014. He is a consultant in the shipping and logistics industries, after more than 40 years of experience in the sector. Mr Wils joined the CMA CGM group in 1996 as managing director of the previously state owned shipping company, CGM, on its acquisition by CMA. He was appointed an executive board member of CMA CGM in 2001 on the merger of CMA and CGM, until his retirement in 2008. From 1992 to 1996, he was chairman and CEO of Sceta International, later renamed Geodis International, a leading European logistics and freight forwarding company. He was the managing director of the shipping group Delmas Vieljeux, which he joined in 1971, from 1982 to 1992. Mr Wils, who is a graduate of HEC Paris and of Paris University, was appointed Chevalier de la Légion d'Honneur in 1995 and chaired the French Shipowners Association from 1998 to 2000.
    • John J. van de Merwe
      Term I Director
      Mr. van de Merwe was appointed a director by the board of directors on May 8, 2014. With over 40 years of experience in operations, sales, pricing, marketing, geographic management, logistics, general and executive management in the international transportation industry, he is currently an independent consultant based in the Netherlands, providing services on maritime, transportation and logistics related topics, an activity he started in 2006. Mr. van de Merwe joined CMA CGM in 2000 to become President, later President/ CEO of their high growth North American entity, based in Secaucus, New Jersey and later Marseille. He retired in 2006. He started his career in Rotterdam, the Netherlands where he joined Sea-Land Service Inc in 1972 in operations. He subsequently spent 28 years with the Company. He held a number of management positions in sales, operations, pricing, becoming General Manager for North Europe in 1988. In 1990 he assumed responsibility for 29 countries, 23 ports and over 1,000 staff as Vice President/General Manager Europe which role included business development in the former Soviet Union. In 1990, Mr. van de Merwe became the first non-American Officer of the Company and in 1997, he was appointed Division Head for the new Asia/Middle East/ Europe Division. He also served on the Senior Management Board and pioneered the concept of a shared service center for Sea-Land in Mumbai. Mr. van de Merwe holds an International Marketing Degree from Netherlands Institute for Marketing.
      • Philippe Lemonnier
        Term I Director

        Philippe Lemonnier was appointed as a director by the board of directors on September 20, 2017. He has 12 years' experience in container shipping and more than 30 years in finance. He joined the CMA CGM Group in 2005 and has held various positions as Vice President of Accounting & Business Control, then Vice President of Audit, Risk Control & Internal Control. He is currently in charge of CMA CGM's Finance Transformation, Cost Efficiency and Transversal projects. Prior to joining CMA CGM, he was Chief Financial Officer of Alice and 9 Telecom, both French telecommunications companies. He started his financial career with appointments as Internal Auditor for a pension and health fund, becoming Financial Controller for Eurapharma, a pharmaceutical distribution group and then responsible for the preparation of the consolidated accounts and treasury function for SCOA, a holding company listed on the Paris Stock Exchange.

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