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            october 21, 2019

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TOP Ships announces departure of CFO


TOP Ships Inc (NasdaqGS:TOPS) announced today that Stamatis Tsantanis has resigned from the position of Chief Financial Officer, effective September 1, in order to pursue other projects.
Mr. Tsantanis has been the CFO and Director of the Company since its IPO as TOP Tankers Inc., and has initiated, managed and executed a significant number of financial and commercial transactions for the Company. Commenting on the CFO’s resignation, Evangelos J. Pistiolis, President and Chief Executive Officer of TOP Ships Inc. said: “As TOP Ships’ CFO, Stamatis significantly contributed to our corporate transformation, including helping us to execute our innovative IPO, enhance our liquidity position, build our finance team and corporate infrastructure, and drive our efforts to fully comply with the regulatory demands of Sarbanes-Oxley. Stamatis’ commitment to the Company has been exceptional throughout. We wish him the best as he takes on new challenges.”
Mr. Tsantanis stated: “It has been a great experience to work with Evangelos in Top Ships and I would like to thank the Board, the management team, and especially my colleagues for all their hard work and support over these years. We achieved a number of significant targets and coped with many challenging issues, which we managed to successfully overcome. The quality of the Top Ships’ team and its strategic ambitions put the Company in a great position for healthy future growth.”
The company is currently searching for a replacement for Mr. Tsantanis.

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