Safe Bulkers, Inc. with the recommendation of the Corporate Governance, Nominating and Compensation Committee, the Board of Directors of the Company voted to expand the size of the Board from nine to eleven directors and to appoint Jeffrey Bunzel and Vasilis Hajioannou to fill the new positions, with immediate effect. The Board has determined that Mr. Bunzel is independent for the purposes of NYSE independence standards and has appointed Mr. Bunzel to serve on the Corporate Governance, Nominating and Compensation Committee, the Environmental, Social and Corporate Governance Committee and the Audit Committee.
Mr. Vasilis Hajioannou, son of the Polys V. Hajioannou with experience in Operations and Chartering departments combines technical knowledge with operational oversight. Mr Hajioannou holds a bachelor’s degree in marine engineering and a master’s degree in shipping and logistics from Newcastle University, UK.
Mr. Jeffrey Bunzel, brings more than thirty years experience in Investment, Banking and Capital Markets. He has been Managing Director, Head of Equity Capital Markets at Deutsche Bank AG for 14 years. Before, from 1994-2012 he had been Managing Director at Credit Suisse. Mr Bunzel holds a bachelor’s degree from the University of California, Berkeley and a Master of Arts from the Fletcher School of Law and Diplomacy. He is a member of the Council on Foreign Relations.
Safe Bulkers Inc. specializes in the ownership of dry bulk vessels. As of September 2025 our fleet of 45 dry bulk vessels consisted of 8 Panamax, 13 Kamsarmax, 17 Post-Panamax and 7 Capesize class vessels with an average age of 10.3 years and an aggregate carrying capacity of 5 million dwt. 85% of our fleet has been build in Japanese shipyards.
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