Greece's Navios Maritime Partners has strengthened its management team after completing its takeover of sister outfit Navios Maritime Acquisition.

The US-listed tanker, bulker and containership company said chief financial officer Stratos Desypris has been promoted to chief operating officer to work closely with chief executive Angeliki Frangou.

And Erifili Tsironi replaces him as as chief financial officer (CFO).

Desypris joined Navios Group in 2006 and has been the finance chief at Navios Partners since 2010.

He has led a number of initiatives including mergers, acquisitions and financing transactions, and most recently the deal that saw the tanker owner Navios Acquisition add its ships to the combined fleet.

Desypris will oversee the "execution of the company’s strategies and projects" and will have primary responsibility for overseeing business operations, Navios Partners said.

Tsironi joined the group in 2014 and has 24 years' experience in ship finance, including senior positions at commercial banks.

She was CFO at Navios Maritime Containers until its merger with Navios Partners in March 2021.

Banking experience

Tsironi is also listed on the Navios Maritime Holdings website as senior vice president for credit management and was also co-CFO at Navios Acquisition, as well as CFO at Navios Maritime Midstream Partners until it merged with Navios Acquisition.

She was previously global dry bulk sector coordinator and senior vice president at DVB Bank.

Frangou said the promotions will serve the company well.

"I have come to appreciate their tireless devotion to the company and deep industry expertise," she said.

"As COO, Mr Desypris will strengthen our daily operations and strategic capabilities," Frangou said. "Ms Tsironi, as CFO, adds a world-class shipping finance professional to our leadership team."

Navios Partners also announced the resignation of Leonidas Korres as CFO at Navios Acquisition.

"I thank Leonidas for his many contributions to Navios Acquisition and wish him success in his future endeavours," Frangou said.

The merger was announced in August to bring together Navios Partners' bulker fleet with Navios Acquisition's tankers.

The 143 ships have a value of $4.2bn.

Frangou called it a "transformative transaction".

She added that the 15m dwt fleet is split roughly into thirds between tankers, bulkers and boxships. The vessels consist of 15 different size classes and serve more than 10 separate end markets.