Pangaea Logistics Solutions Announces Leadership Transition as Mark Filanowski Retires in 2026

### Pangaea Logistics Solutions to Transition Leadership Amid Growth

Pangaea Logistics Solutions Ltd., a prominent player in the maritime logistics sector, announces a significant leadership transition as Chief Executive Officer Mark Filanowski plans to retire effective January 1, 2026. Filanowski concludes an impressive eleven-year tenure during which he has significantly expanded the company’s operations and navigated complex market dynamics. His departure marks the end of an era, but the company is poised for continued growth through a well-structured succession plan that places Mads Petersen, the current Chief Operating Officer, in the role of President and CEO. Petersen, who has been with Pangaea for 16 years, brings a wealth of experience in the dry bulk shipping industry and a proven track record of operational success.

Under Filanowski's leadership, Pangaea has seen its owned vessel fleet triple and has expanded its port and logistics operations across ten marine terminals in the U.S. Gulf Coast and Mid-Atlantic regions. This growth reflects not only Filanowski's strategic vision but also his ability to maintain stability in a volatile shipping environment, particularly following the loss of founder Ed Coll. The Board Chairman, Richard du Moulin, commends Filanowski's contributions, highlighting his adept navigation through industry challenges and his commitment to sustaining growth. As Petersen prepares to take the helm, he acknowledges the strong foundation laid by Filanowski and expresses his commitment to leveraging Pangaea's differentiated business model to drive future success.

Mads Petersen’s extensive background in the industry is critical as he steps into this pivotal role. Known for his leadership in establishing Nordic Bulk Carriers in collaboration with Pangaea, Petersen has also focused on ice-class vessel activities and has overseen significant newbuilding projects in Japan and China. Since 2022, he has effectively managed the company's commercial, operational, and technical functions, positioning him as a suitable successor. His innovative approach and deep industry insight are expected to guide Pangaea through its next chapter, reflecting an ongoing commitment to operational excellence and strategic growth.

In related news, Pangaea continues to emphasize its strategic vision for the future, which includes enhancing its operational capabilities and expanding its market presence. The leadership transition comes at a crucial time when the maritime logistics sector faces evolving challenges and opportunities. As Petersen steps into his new role, he aims to build on the successes of his predecessor while driving innovation and efficiency within the organization.