Genco rejects Economou’s board nominees

US-listed bulker owner Genco Shipping & Trading has rejected Greek shipowner George Economou’s two nominees to its board, saying that their additions would not be in the best interest of the company or its shareholders.

The John Wobensmith-led player with more than 40 ships in its fleet said Tuesday that Randee Day, president and CEO of maritime consultancy Day & Partners, and Robert Pons, president and chief executive at telecom and technology management consultancy Spartan Advisors, had been unanimously rejected to stand for election to the board at the company’s 2024 annual meeting of shareholders.

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