CEO Mark Filanowski to retire Jan 1, 2026; COO Mads Petersen named successor

Pangaea Logistics Solutions Ltd.

Mark Filanowski will retire as CEO and step down from the Board effective January 1, 2026, after 11 years.
Mads Petersen, 46, current COO (since 2022), appointed President and CEO effective January 1, 2026.
Petersen will join the Board on January 1, 2026; he has 16 years with Pangaea and 20+ years in dry bulk.
Petersen led Pangaea's Copenhagen office, ice-class vessel activities, and newbuilding in Japan and China.

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