On January 4, 2017, on the recommendation of its Nominating, Corporate Governance, and Conflicts Committee, the Board of Directors of Genco Shipping & Trading Limited appointed Christoph Majeske to fill a vacancy on the Board. Such vacancy was created by an amendment to the Company’s Second Amended and Restated Articles of Incorporation to increase the size of the Board from eight to nine directors, which was approved by the Company’s shareholders on January 4, 2017. Mr. Majeske’s term expires at the Company’s 2017 Annual Meeting of Shareholders. Mr. Majeske, age 37, is a Director of SVP, which he joined in 2015. Mr. Majeske is a member of the North American investment team with a focus on energy, shipping and industrials. He also serves on the Board of Directors of Swift Energy Company, GSE Environmental and White Energy. From 2006 to 2015, Mr. Majeske was a Vice President and Operating Executive of Cerberus Capital Management. At Cerberus, Mr. Majeske executed private equity transactions and held various interim executive roles at portfolio companies, including Chief Financial Officer and Chief Restructuring Officer, in both North America and Europe across a range of industries. From 2000 to 2006, Mr. Majeske was a member of the M&A Advisory team at PricewaterhouseCoopers.