Photo credit: Danaos Corporation (image Iraklis Prokopakis)

Iraklis Prokopakis will retire from his executive role as Senior Vice President and Chief Operating Officer of Greek containership company Danaos Corporation.

Danaos Corp announced that Iraklis Prokopakis will retire from this role during the fourth quarter of 2023, with deputy chief operating officer Dimitris Vastarouchas named as his replacement for the position of Chief Operating Officer.

Mr. Prokopakis, who has been chief operating officer at Danaos Corporation since 1998, will remain on the board of directors and will pursue his academic interests following his retirement.

His successor Mr. Vastarouchas joined Danaos Shipping in 1995, having key positions in the company as Technical Director in 2005, and also as Deputy Chief Operating Officer of Danaos for the last 12 years.

Additionally, Filippos Prokopakis, who currently serves as Commercial Director of our Manager, will be appointed as Chief Commercial Officer of Danaos. Mr. Filippos Prokopakis has been with the company since 2012 and has considerable expertise across all commercial operations, in accordance with the company´s statement.

Dr. John Coustas, President and Chief Executive Officer of Danaos, commented: “On behalf of the Board of Directors and the entire Danaos team, I would like to sincerely thank Iraklis, a good friend and valuable colleague, for his many years of service. His leadership and expertise have played a significant role in the development of Danaos over the past 25 years, and Iraklis leaves at a time when the company is as strong as it has ever been. We are happy that Iraklis will remain on the Board of Danaos and continue to contribute his deep knowledge and experience to the company, offering valuable insights on ongoing strategic planning.

He also added that “Danaos is fortunate to have the right team in place to enable a smooth leadership transition. Dimitris and Filippos are both long-tenured members of Danaos or our Manager and have significant relevant experience and capabilities to ensure our operating capabilities remain exceptional going forward.”

Danaos Corporation current fleet consists of 68 containerships aggregating 421,293 teu and 8 under construction containerships aggregating 58,398 teu. The company´s fleet is chartered to many of the world’s largest liner companies on fixed-rate charters.