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Paolo d’Amico steps down as CEO of DIS – Chief Financial Officer succeeds him

The listed Italian shipping company d’Amico International Shipping is getting a new boss after the previous CEO, Paolo d’Amico, stepped down.

With a fleet of 35 ships, d’Amico International Shipping specialises in the product tanker market and is a subsidiary of the d’Amico Group. The current CFO, Antonio Carlos Balestra di Mottola, will be at the helm in future.

Paolo d’Amico will, in future, concentrate on his role as Chairman of the Supervisory Board, as has now been announced. In addition to his position as CEO, Balestra di Mottola will also take on the role of Chief Risk Officer with responsibility for the internal control and risk management system. He was previously the shipping company’s Chief Financial Officer.

Federico Rosen will fill this position in future. He joined d’Amico in 2003 and has worked in various functions over the years. From 2009 to 2016, he held the position of Financial Controller of the company and contributed to the management of the financial operations that shaped the company’s growth and consolidation process. In 2016, he assumed responsibility for the planning and control department of the group managed by d’Amico Società di Navigazione S.p.A., supervising the planning and control activities of the listed sector (DIS).

“Best opportunity” for d’Amico

Previously, Rosen set up and managed the financial operations for the DIS shipping pools and joint ventures with international shipping companies and trading houses. He helped establish and develop d’Amico’s presence in Ireland, where he worked and lived for 10 years before relocating to Monaco in 2013. There, he supported the company’s management on investment projects, business development strategies, and related equity and debt financing.

Commenting on the change, Paolo d’Amico said: “The appointment of Carlos as CEO of DIS and of Federico as CFO is the best opportunity with which the company confirms its commitment to the most efficient succession planning in the top positions of the structure thanks to its own executives.” For the two colleagues, this opportunity represents “the culmination of an excellent journey so far” and at the same time “the beginning of a new and demanding professional challenge that we are sure will be successful.”

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Caption: Paolo d'Amico, Chairman Intertanko and CEO d'Amico (© d'Amico)