Arthur L. Regan
GENCO SHIPPING & TRADINGAbout Arthur L. Regan
Arthur L. Regan (age 62) has served on Genco’s Board since February 17, 2016; he was Interim Executive Chairman on October 13, 2016 and Chairman from June 5, 2020 through May 13, 2021, and currently serves as an independent director. He is CEO and Director of Energos Infrastructure LLC (since Aug 2022), an Operating Partner with Apollo Investment Consulting LLC (since 2016), and previously led Principal Maritime Management LLC and Veritable Maritime Holdings LLC. He holds a B.S. in Marine Transportation and Management from SUNY Maritime College and is a former Master Mariner, bringing over 30 years of shipping leadership experience .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Arlington Tankers Ltd. (NYSE-listed) | President & CEO | 2004–2008 | Led a public tanker owner; deep operating and capital markets exposure |
| Veritable Maritime Holdings LLC | President, CEO & Director | 2010–2015 | Apollo-funded shipowning entity; portfolio execution |
| Chembulk Tankers (private) | Independent Director; Chairman of the Board | Director 2018–2020; Chairman until 2022 | Specialty chemical tanker operator; board leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Energos Infrastructure LLC | CEO & Director | Since Aug 2022 | LNG marine infrastructure platform |
| Apollo Investment Consulting LLC | Operating Partner | Since 2016 | Shipping investments advisory |
| Principal Maritime Management LLC (Apollo portfolio co.) | President, CEO & Director | Since 2010 | Managed Apollo’s shipping assets |
| DNV-GL North American Panel Committee | Member | Current | Industry advisor role |
Board Governance
- Independence: Regan is classified as an independent director under NYSE rules .
- Committee assignments (2024): Audit Committee member effective July 1, 2024; ESG Committee member throughout 2024 (chair: Karin Y. Orsel). He was not on the Compensation or Nominating committees in 2024 .
- Meeting cadence and attendance: Board met 12 times in 2024; all directors attended at least 75% of combined Board and relevant committee meetings. Audit held 4 meetings; Compensation 6; Nominating 3; ESG 2 .
- Audit Committee report signatory: Regan signed the Audit Committee report alongside the Chair and another member .
Fixed Compensation
| Year | Cash Fees ($) | Notes |
|---|---|---|
| 2024 | 87,500 | Directors received a $75,000 annual retainer; committee chair/member fees were: Audit Chair $20,000; Audit member $10,000; Compensation/Nominating/ESG Chair $15,000; member $7,500; fees prorated for service length . |
Performance Compensation
| Grant Date | Instrument | Shares/Units | Grant-Date Fair Value ($) | Vesting/Settlement Terms |
|---|---|---|---|---|
| May 23, 2024 | RSUs | 5,776 | 124,933 | Shares are issued only upon termination of director service; dividend equivalents included in grant-date fair value, no separate reporting . |
For directors, equity awards are time-based RSUs with deferred settlement; no performance metrics (e.g., TSR, EBITDA) are disclosed for director grants .
Other Directorships & Interlocks
| Company | Public/Private | Role | Overlap/Interlock Relevance |
|---|---|---|---|
| Energos Infrastructure LLC | Private | CEO & Director | LNG infrastructure; industry adjacency to GNK’s maritime domain |
| Arlington Tankers Ltd. | Public (past) | President & CEO | Historic public-company leadership; not a current interlock |
| Chembulk Tankers | Private (past) | Independent Director; Chairman | Specialty chemical shipping; past board role |
Expertise & Qualifications
- 30+ years of shipping sector leadership, including public-company CEO experience at Arlington Tankers Ltd. .
- Technical maritime background and Master Mariner sea service; SUNY Maritime B.S. in Marine Transportation and Management .
- Governance experience via Audit Committee service and ESG oversight .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Arthur L. Regan | 104,414 | * (less than 1%) | Does not include 38,717 vested RSUs (deliverable upon settlement) and 6,159 RSUs granted May 30, 2024 that vest by the earlier of the 2025 AGM or 14 months post-grant . |
| Shares Outstanding (context) | 42,959,464 | — | As of March 28, 2025 . |
- Hedging/Pledging: Company policy prohibits hedging and pledging by directors and executive officers, except for pre-existing pledges disclosed as of March 19, 2021. No pledge is disclosed for Regan; the proxy specifically notes a pledge only for the CEO .
- Stock Ownership Guidelines: Adopted in 2024; directors expected to hold 4x annual base cash retainer within 5 years; time-vested RSUs count, options and PRSUs do not .
Governance Assessment
- Board effectiveness and engagement: Regan’s active service on Audit and ESG committees, Audit report responsibility, and the Board’s annual self-assessments point to robust governance processes and director engagement .
- Independence and attendance: Classified independent; attended at least the 75% threshold alongside peers, with solid committee workload across Audit and ESG .
- Alignment and pay structure: 2024 compensation comprised $87,500 cash plus $124,933 in RSUs with deferred settlement, consistent with long-term alignment and director stock ownership guidelines .
- Potential conflicts: Regan’s Apollo-linked roles (Operating Partner; Principal Maritime Management) and Energos leadership create industry adjacency. Genco’s related-party policy requires independent approval, fairness assessment, and director recusal for any transactions; no Regan-related transactions are disclosed, mitigating direct conflict exposure today .
- RED FLAGS: None explicitly disclosed for Regan regarding pledging/hedging, related-party transactions, attendance shortfalls, or pay anomalies. The network ties to Apollo/Energos warrant ongoing monitoring if GNK were to transact with affiliated entities; governance policies and committee independence provide safeguards .