Eagle Bulk Shipping says CFO Costanzo to step down, shares fall

Eagle Bulk Shipping

13/12/2022 22:14

** Shares of drybulk vessel operator Eagle Bulk Shipping Inc
 EGLE.O  fall marginally to $50.50 after market
    ** Company says Frank De Costanzo will step down as CFO and
serve as a special adviser to the board through the end of 2023
    ** EGLE further says board approved promotion of Costa
Tsoutsoplides as CFO; adds transition will be effective April 1,
2023
    ** Tsoutsoplides currently serves as company's chief
strategy officer and has been with EGLE since 2010 
    ** As of Tuesday's close, stock up 11% this year
 (Reporting by Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com))