Pangaea Logistics Solutions Announces CEO Retirement and Leadership Transition

Leadership Change at Pangaea Logistics Solutions

Pangaea Logistics Solutions Ltd., a key player in global maritime logistics, has officially announced the retirement of its Chief Executive Officer, Mark Filanowski, effective January 1, 2026. This significant leadership transition comes as the company continues to expand its operations and solidify its stance in the industry. Mads Petersen, who has served as the Chief Operating Officer, will step into the role of President and Chief Executive Officer following Filanowski's departure.

Mark Filanowski has been a steadfast leader for over eleven years, guiding Pangaea through a dynamic landscape in maritime logistics. His tenure has seen the company triple its owned vessel fleet and expand operations to ten marine terminals located throughout the U.S. Gulf Coast and Mid-Atlantic regions. Richard du Moulin, Chairman of the Board, expressed deep gratitude for Filanowski’s contributions, emphasizing the challenges and accomplishments achieved under his leadership.

"Mark has been instrumental in navigating the complexities of the shipping industry while fostering Pangaea's unique, cargo-focused business model," said Du Moulin. "His dedication has been crucial to sustaining our growth and positioning Pangaea for continued success in the future."

Mads Petersen embodies the experience necessary for this executive role. With 16 years at Pangaea and over two decades in the dry bulk shipping sector, his expertise covers the company’s comprehensive services from cargo operations to fleet management. Since 2022, Petersen has led various commercial and operational functions, demonstrating his capability to drive Pangaea’s strategic initiatives. His appointment reflects a commitment to maintaining operational excellence and innovative customer service.

"It has been an honor to collaborate with the Pangaea team over the years. I’m confident Mads is the ideal leader to steer the company forward," said Filanowski. His confidence in Petersen is rooted in the COO’s extensive background and understanding of the logistics environment, rendering him well-equipped to uphold Pangaea's mission and vision.

Petersen shared his gratitude for Filanowski’s leadership, acknowledging the strong foundation laid during his predecessor's tenure. "Pangaea’s differentiated business model has propelled us beyond the industry norms, and I look forward to enhancing our customer-focused strategies to drive long-term shareholder value," he stated.

In addition to personnel changes, Pangaea Logistics Solutions Ltd. continues to serve as a premier provider of maritime logistics, specializing in seaborne dry bulk transportation and terminal services. The company’s portfolio supports a vast array of industrial clients, facilitating the transport of essential bulk commodities such as iron ore, cement, and grains across global markets. This service model is crucial in responding to the logistics demands of diverse sectors in a fluctuating economic landscape.

As the world of maritime transportation continues to evolve, Pangaea remains poised for growth under Petersen’s leadership. The clear communication and innovative strategies that he brings will be essential as the company enters this new chapter focused on sustainable development and strategic market positioning.

Pangaea Logistics is committed to expanding its service offerings while enhancing operational efficiency. The board’s thoughtful succession planning has positioned the company to not only sustain its current trajectory but to elevate its performance through strategic foresight and industry insight.

For more detailed information on Pangaea Logistics Solutions and its services, be sure to visit www.pangaeals.com.

Conclusion

As Pangaea Logistics Solutions Ltd. transitions leadership, the company remains focused on leveraging its established market presence while embracing the challenges and opportunities that lie ahead. The collaborative efforts of the outgoing and incoming leadership will help steer the company towards continued success in maritime logistics, cementing its status as a leading provider in the industry.