Paolo d'Amico Takes Over as d'Amico International Shipping CEO

Product tanker carrier d’Amico International Shipping (DIS) has appointed current D'Amico group chairman Paolo d'Amico as new CEO.

The D'Amico group's listed product tanker subsidiary said in a press statement that following the resignation of Marco Fiori, its Board of Directors resolved to grant to Mr. Paolo d’Amico all the powers of the resigning Chief Executive Officer of DIS starting from the 1st day of January 2019.

Paolo d’Amico stated: “My personal involvement and dedication is to confirm, in an important moment for DIS, the d’Amico Group’s commitment to the success of the Company, and my appointment as CEO will assure continuity on governance and all business operations.

"The Company has a clear vision for the business and a strong and experienced management team that will allow it to achieve it,” the Italian shipowner added.

The new CEO appointment comes at a time when DIS is taking a battering on the Milan Stock Exchange.