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.
  • George Youroukos
    Term II Director, Executive Chairman
    Mr Youroukos has been involved in Shipping since 1993, when he joined a major Greek shipowning company and worked in various departments. He founded Technomar, an internationally recognized ship management company, in 1994, where he has served as Managing Director. With over 25 years of experience in the sector, he has negotiated and executed over 200 secondhand and newbuilding vessel transactions, creating partnerships with a number of major shipping banks resulting in co-investment of approximately $230 million in workout transactions. He has also partnered with Private Equity firms to jointly invest in container and dry bulk vessels. Mr. Youroukos serves as the Chairman of the Hellenic Advisory Committee of International classification society, RINA and holds a Bachelor in Mechanical Engineering from University College London and a Master in Engineering from Brunel University.
    • Michael S. Gross
      Term III Director
      Mr. Gross has been a director since inception and was Chairman from September 2008 to November 2018 when the strategic combination with Poseidon Containers closed. Since 2010, Mr. Gross has been the Chairman of the board of directors and Chief Executive Officer of Solar Senior Capital Ltd. Since 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. From 2004 to 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"), the investment adviser to AIC. From 1990 to 2006 Mr. Gross was a senior partner of Apollo Management, a leading private equity firm which he co-founded in 1990.
    • Michael Chalkias
      Term II Director

      Mr. Chalkias is the Co-founder of Prime Marine, a leading international product tanker and gas carrier management company, where he serves as Co-Chief Executive Officer. He has more than 20 years of experience in the shipping industry, during which he has accumulated broad experience in all aspects of the business and established strong relationships in the industry. Prior to co-founding Prime Marine’s predecessor in 1999, he was employed by Tufton Oceanic Limited, a specialized shipping finance and investment firm in London, where he was involved with debt and equity instruments as well as structured financing. Over the course of his career, Mr. Chalkias has invested in many vessels, primarily product tankers and gas carriers, as well as co-investing in shipping assets alongside well known US based Private Equity Funds.

      He also serves as Director of First Ship Lease Trust, a publicly traded Singapore-based business trust, which controls a diversified portfolio of 19 vessels. Mr. Chalkias holds an MSc with Distinction in Shipping, Trade & Finance from the Cass Business School at the City University of London and a BSc with Honours in Maritime Business and Maritime Law from the University of Plymouth.

    • Philippe Lemonnier
      Term I Director
      Mr. Lemonnier was appointed as director in September 2017. He currently serves as CMA CGM's Vice President of Corporate Control and Transversal Projects, having joined the company in 2005. He has more than 30 years of experience in finance and accounting, and has served in senior leadership roles across multiple industries, including as the Chief Financial Officer of two French telecommunications companies.
      • Henry “Hank” Mannix III
        Term I Director
        Mr. Mannix was appointed a director in November 2018. He has served as a director of Poseidon Containers since 2010. Mr. Mannix joined Kelso in 2004 and became a Managing Director in 2015. He spent the preceding two years in the investment banking division of Credit Suisse First Boston. Mr. Mannix is also a director of Elara Caring, Physicians Endoscopy, Sirius Computer Solutions and The Traxys Companies. Mr. Mannix received a B.A. in Math and Economics from the College of the Holy Cross in 2001. Mr. Mannix has extensive experience in corporate financing and in evaluating the financial performance and operations of companies across a variety of business sectors, including the shipping sector.
        • Alain Pitner
          Term I Director
          Mr. Pitner, who has 30 years of shipping experience, was appointed a director in November 2018. Mr. Pitner commenced his career in 1974 in the Risk Department of Banque Indosuez, now part of Credit Agricole Group. He held various operational and commercial responsibilities in the Bank’s French Export Credit Department. In 1987, Mr. Pitner joined the Shipping Division of the Bank’s Structured Finance Department, where he financed newbuildings and was also responsible for special projects. He then was entrusted with increasingly senior roles. In September 2017, after 42 years, Mr. Pitner retired from the bank. He graduated from Reims business school and holds a MSIA from Krannert Business School - Purdue University, USA.
        • Menno van Lacum
          Term III Director
          Mr. van Lacum commenced his career in 1997 at the Fortis Group in the Netherlands. In 1999, he joined the Transportation Group at MeesPierson where he was responsible, in different capacities, for arranging and structuring debt capital markets and leasing products predominantly for the Transportation Equipment Leasing sector. In 2005, Mr. van Lacum became Director of the Fortis Principal Finance Group in the USA, responsible for holding equity investments and structuring debt instruments across different asset classes within the Transportation Sector. In 2009, Mr. van Lacum joined the Transportation Capital Group (“TCG”) as a Partner in the Netherlands. TCG is a private investment firm focusing primarily on the maritime industry. Mr. van Lacum holds a Master’s Degree in Economics from the University of Amsterdam, Netherlands.
        • 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.
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