Contact Information: Public & Investor Relations Contact: Navios Maritime Partners L.P. Nicolas Bornozis Capital Link, Inc. Tel. (212) 661-7566 E-mail: naviospartners@capitallink.com
Navios Maritime Partners L.P. Announces Stratos Desypris as Chief Financial Officer and Michael McClure as Executive Vice President - Corporate Affairs
| Source: Navios Maritime Partners L.P.
PIRAEUS, GREECE--(Marketwire - January 12, 2010) - Navios Maritime Partners L.P. ("Navios
Partners") (NYSE : NMM ) announced today that Mr. Stratos Desypris has been
appointed Chief Financial Officer. Mr. Desypris joined the Navios Group in
2006 and serves as the Financial Controller. An accountant by training, Mr.
Desypris worked for approximately 9 years in the accounting industry, most
recently at Ernst & Young S.A. He also holds a bachelor degree in
Economics from Piraeus University.
"Stratos's experience in financial matters and his knowledge of the
shipping industry has been invaluable," said Ms. Angeliki Frangou, Chairman
and CEO of Navios Maritime Partners L.P. "We look forward to Stratos's
contributions in his new leadership position."
The Company also announced that Mr. Michael McClure will now serve as
Executive Vice President - Corporate Affairs. Commenting on Mr. McClure's
new position, Ms. Frangou stated, "During Mike's 32-year tenure within
Navios Group, he has developed as an industry leader. We are pleased the
Company and investors will continue to benefit from Mr. McClure's industry
knowledge."
ABOUT NAVIOS MARITIME PARTNERS L.P.
Navios Maritime Partners L.P. (NYSE : NMM ), a publicly traded master limited
partnership formed by Navios Maritime Holdings Inc. (NYSE : NM ) is an owner
and operator of dry cargo vessels.
Forward Looking Statements
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and Navios Partners' growth strategy and measures to implement such
strategy; including expected vessel acquisitions and entering into further
time charters. Words such as "expects," "intends," "plans," "believes,"
"anticipates," "hopes," "estimates," and variations of such words and
similar expressions are intended to identify forward-looking statements.
Such statements include comments regarding expected revenue and time
charters. Although Navios Partners believes that the expectations reflected
in such forward-looking statements are reasonable, no assurance can be
given that such expectations will prove to have been correct. These
statements involve known and unknown risks and are based upon a number of
assumptions and estimates which are inherently subject to significant
uncertainties and contingencies, many of which are beyond the control of
Navios Partners. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could cause
actual results to differ materially include, but are not limited to changes
in the demand for dry bulk vessels, competitive factors in the market in
which Navios Partners operates; risks associated with operations outside
the United States; and other factors listed from time to time in the Navios
Partners' filings with the Securities and Exchange Commission. Navios
Partners expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in Navios Partners' expectations
with respect thereto or any change in events, conditions or circumstances
on which any statement is based.