Milena Pappas has served as a member of the Board since October 1, 2009. Milena Pappas is the daughter of the Chairman of the Board, Mr. Petros Pappas. Since 2008, Ms. Pappas is employed as a chartering broker and serves as a consultant in the commercial department of Interchart Shipping Inc., a company affiliated with the Oceanbulk Group, a group of companies founded by Mr. Petros Pappas. From 2006 until the end of 2007, Ms. Pappas was employed at Oceanbulk Maritime S.A., in the finance department. In 2004 and 2005, she trained at Merrill Lynch in the private wealth department and thereafter at the CoeClerici Group in the risk management department. In 2004, while at Merrill Lynch, she assisted in founding the “Women’s Milestones” program. In 2005, Ms. Pappas graduated from Cornell University, N.Y. and in 2007 she received a Master of Science (MSc) in Shipping, Trade and Finance degree from Cass University, London.