August 22 - Effective September 10, Paul Pathy will assume responsibility as the sole chief executive officer of Fednav Limited and of Fednav International Ltd (FIL).
Since 2010, Paul and Mark Pathy have led Fednav Limited as co-eos, with Mark as president and ceo of FIL since 2008.
However, as shareholders, Paul and Mark have concluded that it would be best for Fednav to operate under one leader.
"In his role as co-ceo of Fednav Limited and president and ceo of FIL, Mark has played a significant, indeed essential, leadership role in ensuring the success of the company during a period marked by considerable changes in the market and in our commercial staff. While he is resigning from his positions, he will continue to be involved in the company's activities as a major shareholder and member of the Board," stated Laurence Pathy, chairman of the Board.
Paul Pathy joined Fednav in 2003 as vice-president and general manager of Federal Marine Terminals, moving to senior vice-president of the Business Development Group in 2007. Since 2010 he has been responsible for various company departments including the Shipowning, Arctic Operations, and Projects group, as well as Finance, Investment, and Risk Management.