Danaos Corporation announced that Iraklis Prokopakis will retire from his executive role as Senior Vice President and Chief Operating Officer during the fourth quarter of 2023. Mr. Prokopakis, who has served in this position since 1998, will remain on the Board of Directors and will pursue his academic interests following his retirement. The position of Chief Operating Officer will be assumed by Dimitris Vastarouchas who currently serves as Deputy Chief Operating Officer of Danaos.

Mr. Vastarouchas joined Danaos Shipping Co. Ltd. (our “Manager”) in 1995. He was promoted to Technical Director of Manager in 2005 and has served as Deputy Chief Operating Officer of Danaos for the last 12 years.

Additionally, Filippos Prokopakis, who currently serves as Commercial Director of Manager, will be appointed as Chief Commercial Officer of Danaos. Filippos has been with Manager since 2012 and has considerable expertise across all commercial operations.