Management - American Shipping Company

Management

Pål Lothe Magnussen

President / CEO

Mr. Magnussen was appointed President and CEO of AMSC effective 1 January 2015.  He previously served as the Company's CFO from 1 June 2014.  A Norwegian national, Mr. Magnussen comes from the position as Director of the Investment Banking Division in DNB Markets where he has worked since 2007 focusing on the shipping and offshore sectors. Prior to that he worked for five years as Vice President of Corporate Banking in DNB Bank’s shipping and offshore division. He has significant experience from international shipping finance and has been based in in New York, Singapore and Oslo.  Mr. Magnussen holds an MBA from Columbia University, New York, and a Master of Science from the Norwegian School of Management, Oslo.  He holds 50 000 shares in the company.

Morten Bakke

Chief Financial Officer

Mr. Bakke was appointed CFO of AMSC effective 4 April 2016. He has 14 years of corporate finance, shipping and offshore experience of which 10 years with DVB Corporate Finance in London and Oslo and previously with Chartered Accountants Moore Stephens and Credit Suisse, both in London. Mr. Bakke has advised multiple offshore, shipping and private equity firms on a variety of M&A deals and holds a MSC in Shipping, Trade and Finance from Cass Business School and BA in Business Studies from University of Greenwich. Mr. Bakke is a Norwegian national and holds zero shares in the company.

LEIGH JAROS

Business Controller / Finance Manager

Ms. Jaros joined American Shipping Company as Controller in July 2008. Ms. Jaros has over 10 years of progressively responsible corporate financial experience including financial reporting, analysis and budgeting. Ms. Jaros was employed by Aker Philadelphia Shipyard as its Accounting Supervisor prior to joining AMSC. Ms. Jaros holds a Bachelor of Science in Finance and Economics from West Chester University. Ms. Jaros is a U.S. citizen and holds zero shares of stock in the Company.