Leadership handover at Pangaea as long-serving CEO Filanowski retires
Pangaea Logistics Announces CEO Transition for 2026
Newport-based Pangaea Logistics Solutions has revealed a significant leadership change as CEO Mark Filanowski prepares to step down at the end of this year. Filanowski, who has led the company since 2019, will be succeeded by current Chief Operating Officer Mads Petersen, who will assume the roles of president and CEO starting January 1, 2026. This transition marks a pivotal moment for the Nasdaq-listed dry bulk shipping specialist, following a decade of substantial growth under Filanowski’s leadership.
Leadership Changes Reflect Company Growth
Mark Filanowski joined Pangaea in 2014 and quickly rose to the position of chief executive five years later. His tenure has been characterized by navigating the complexities of the global shipping industry while significantly expanding Pangaea’s operational footprint. Chairman Richard du Moulin expressed gratitude for Filanowski’s contributions, highlighting that the company’s owned vessel fleet has tripled during his leadership. Additionally, Pangaea has enhanced its port and logistics operations, establishing ten marine terminals across the U.S. Gulf Coast and Mid-Atlantic regions.
As he steps down, Filanowski’s impact on the company is evident. His strategic direction has positioned Pangaea as a leader in the dry bulk shipping sector, adapting to dynamic market conditions and focusing on a cargo-centric business model. The upcoming leadership change is seen as a continuation of this momentum, with Mads Petersen stepping into the role of president and CEO. Petersen has been with Pangaea for 16 years, having co-founded Nordic Bulk Carriers in 2009 before it became part of Pangaea. His expertise spans commercial, operational, and technical functions, making him a well-rounded choice to lead the company forward.
Petersen Poised to Lead Pangaea Forward
With an established history in the industry, Petersen has played a crucial role in Pangaea’s ice-class operations and newbuilding initiatives in Japan and China. His extensive experience positions him to continue Filanowski’s legacy while also bringing his own vision to the company. Upon his appointment, Petersen stated, “Pangaea has a proven and differentiated business model that has delivered above-market returns across market cycles.” His confidence in the firm’s future reflects a commitment to maintaining its competitive edge in the shipping market.
The leadership transition at Pangaea Logistics Solutions signifies a strategic move to foster continued growth while building upon a solid foundation established over the past decade. As the company prepares for this new chapter, stakeholders are optimistic about what lies ahead under Petersen’s guidance.
