As chief financial officer of International Seaways, Inc., Mr. Pribor will be responsible for directing and supervising all of the financial functions of International Seaways. This includes accounting, financial planning and analysis, tax, treasury and investor relations."This is an exciting time to be joining International Seaways, a financially strong company with both a rich history and a compelling future," Pribor said. "I look forward to working with Lois and the entire International Seaways team to advance the company's strategy and drive shareholder value." Completing the senior leadership team of International Seaways is James D. Small III who will become chief administrative officer, secretary and general counsel following the spin-off, and reporting to Ms. Zabrocky. Mr. Small joined OSG in March 2015 after almost 20 years with Cleary Gottlieb advising on transactional and governance matters. "James has provided invaluable counsel to the organization and has been a driving force behind numerous corporate initiatives at OSG," said Zabrocky. "He will be a critical part in helping to drive the future success of International Seaways." Upon separation, International Seaways will own and operate one of the largest fleets of international crude and product tankers worldwide. At September 30, 2016, International Seaways owned or operated a fleet of 55 vessels with a combined capacity of approximately 6.5 million deadweight tons and 864,800 cubic meters. International Seaways' operating fleet comprises one ULCC, eight VLCCs, eight Aframaxes/LR2s, 12 Panamaxes/LR1s and 20 MR tankers. Through joint venture partnerships, International Seaways has ownership interests in four liquefied natural gas carriers and two floating storage and offloading service vessels. Lois K. Zabrocky Details Ms. Zabrocky joined OSG in 1992. She served as Senior Vice President of OSG from June 2008 through August 2014 until her appointment as Co-President and Head of the International Flag Strategic Business Unit. Ms. Zabrocky served as Chief Commercial Officer, International Flag Strategic Business Unit from May 2011 until her appointment as Head of International Flag Strategic Business Unit and as the Head of International Product Carrier and Gas Strategic Business Unit for five years prior to May 2011. She has significant shipping pool experience having helped build and manage the Aframax International pool. She started her career at sea on a chemical tanker for OMI.
Jeffrey D. Pribor DetailsMr. Pribor was Global Head of Maritime Investment Banking at Jefferies & Company, Inc. Previously, he was Executive Vice President and Chief Financial Officer of General Maritime Corporation, one of the world's leading tanker shipping companies, from September 2004 to February 2013. Prior to General Maritime, from 2002 to 2004, Mr. Pribor was Managing Director and President of DnB NOR Markets, Inc. From 2001 to 2002, Mr. Pribor was Managing Director and Group Head of Transportation Banking at ABN AMRO, Inc. From 1996 to 2001, Mr. Pribor was Managing Director and Sector Head of Transportation and Logistics investment banking for ING Barings. Board of Directors Details When International Seaways begins operations upon completion of the separation, its Board of Directors will comprise nine directors, including eight members of the current OSG Board. The eight are:
- Douglas D. Wheat - Managing Partner of Wheat Investments, who will chair the International Seaways Board
- Timothy J. Bernlohr - Founder and Managing Member of TJB Management Consulting, LLC
- Ian T. Blackley - President and CEO of OSG
- Joseph I. Kronsberg - Principal at Cyrus Capital Partners, L.P.
- Ronald Steger - Retired Partner of KPMG
- Chad L. Valerio - Prior Portfolio Manager at BlueMountain Capital Management, LLC
- Ty E. Wallach - Partner at Paulson & Co. Inc.
- Gregory A. Wright - Co-Founder and CFO of One Cypress Energy, LLC
- Randee Day - President and CEO of Day & Partners, LLC.Ms. Day is President and CEO of Day & Partners, LLC, a maritime consulting and advisory group and a senior advisor to a full-service restructuring firm, Goldin Associates LLC. Prior to founding Day & Partners, LLC in 2011, Ms. Day served as interim CEO of DHT, Maritime, Inc. Previously, Ms. Day was Managing Director at the Seabury Group, a transportation advisory firm. She was the Division Head of JP Morgan's shipping group in New York. Ms. Day has served on the board of numerous public companies, including TBS International Ltd., Ocean Rig ASA, DHT Maritime Inc., Eagle Bulk and Excel Maritime.