Eagle Bulk Shipping Inc. announced that Frank De Costanzo will join the Company as Chief Financial Officer and Secretary, effective September 30th. Mr. De Costanzo brings more than 30 years of banking, finance, public company and related leadership experience, with a focus on commodity and related markets. This includes serving most recently as Senior Vice President and Chief Financial Officer of the Catalyst Paper Corporation.

Mr. De Costanzo also previously served as Vice President and Global Treasurer at Kinross Gold Corporation. Mr. De Costanzo succeeds Adir Katzav who, with Eagle Bulk's recent relocation to Stamford, CT, has decided to step down to pursue other professional opportunities.