GasLog Partners LP Announces Resignation of Robert B. Allardice III from the Board of Directors
GasLog Partners LP (NYSE: GLOP) announced the resignation of Robert B. Allardice III from its board of directors as of January 24, 2021, citing personal reasons.
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Rhea-AI Summary
GasLog Partners LP (NYSE: GLOP) announced the resignation of Robert B. Allardice III from its board of directors as of January 24, 2021, citing personal reasons. Following his departure, Mr. Curt Anastasio, Chairman of the Board, will serve as interim Chairman of the Audit Committee. Anastasio expressed gratitude for Allardice's contributions since joining in October 2014. The board now consists of four members, and it is actively seeking candidates to fill the vacated seat.
Positive
- Curt Anastasio's interim role may strengthen leadership continuity.
- The board is proactively seeking candidates for the fifth seat.
Negative
- Reduction of board members to four could impact decision-making.
- Potential experience gap in the Audit Committee leadership.
Details
News Market Reaction – GLOP
The recorded move for GLOP in the trading session of this news was -2.65%.
Data tracked by StockTitan Argus. Session date unavailable.
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Piraeus, Greece, Jan. 26, 2021 (GLOBE NEWSWIRE) -- GasLog Partners LP ("GasLog Partners" or the "Partnership") (NYSE: GLOP) today announced that Robert B. Allardice III has resigned from the Partnership’s board of directors (the “Board”) effective as of January 24, 2021 for personal reasons. In connection with Mr. Allardice’s resignation from the Board and from his position as Chairman of the Audit Committee, Mr. Curt Anastasio, Chairman of the Board of GasLog Partners, was appointed interim Chairman of the Audit Committee.
Curt Anastasio said, “On behalf of the Partnership’s board and management, I want to thank Barry for his many contributions to GasLog Partners since his appointment in October 2014 and wish him all the best for the future.”
Following the resignation of Mr. Allardice, the Board will be temporarily reduced to four members from five. The Board is currently considering candidates for the fifth board seat.
Contacts:
Joseph Nelson
Head of Investor Relations
Phone: +1 212-223-0643
Email: ir@gaslogmlp.com
About GasLog Partners
GasLog Partners is a growth-oriented master limited partnership focused on owning, operating and acquiring LNG carriers under multi-year charters. GasLog Partners’ fleet consists of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm. GasLog Partners’ principal executive offices are located at 69 Akti Miaouli, 18537 Piraeus, Greece. Visit GasLog Partners’ website at http://www.gaslogmlp.com.
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