Consiglio di Amministrazione Our Board Members Yair Seroussi, Chairman E-mail Yair Seroussi, former chairman of Bank Hapoalim (Israel’s largest Bank) 2009-2016, and former head of Morgan Stanley Israel 1993-2009, has vast business experience in the public and private market, with emphasis on cross the board Israel-International markets. Currently chairman of Enlight renewable energy, a fast growing company, active in 10 European markets, listed on the TASE, and Prytek, a privately held, International Tech Investment Company. Former chairman of Mediterranean towers, listed in TASE, 2017-2019. He is a board member of Stratasys, a world leader in the field of 3D printing, listed on NASDAQ, and a member of the investment committee of Menora Mivtachim, Israel’s largest pension fund. Mr Seroussi was a board member and chairman of investment committees in various entities, started his career at the ministry of Finance, where he held senior positions, the last one as Head of the ministry’s mission to the USA, based in NY. Mr Seroussi is also active in non-profit organizations; a co-founder of Tovanot Bechinuch, dedicated to making schools in urban periphery a source of inspiration. Chairman of the Eli Hurvits institute for corporate strategy, in the Tel Aviv University, a member of the board of governors at the Hebrew university, the Weizmann institute of Science, and Shenkar School of design. Mr. Seroussi holds a bachelor’s degree in Economics and political science from the Hebrew University. Dimitrios Chatzis E-mail Dimitrios Chatzis joined the Board of Directors in July 2014, as part of the Company's debt restructuring. Mr. Chatzis has over 40 years of experience in the shipping industry. Throughout his career Mr. Chatzis served as the Managing Director of Armada Marine, founded Globe Trade & Transport and Globe Group of Companies and Cosmos S.A., where he served as President and CEO until 2004. Mr. Chatzis also served as a member of the board of directors and the general council of “SEV”, the Hellenic Federation of Enterprises. Mr. Chatzis is currently the President and CEO of DEX Consultants, a company he founded in 2004 that provides advisory and consulting services in the areas of corporate finance, financial and operating restructurings and corporate reorganiztions. Mr. Chatzis holds Diplomas in International Business Management and Ocean & Air Shipping Management from New York University and a Diploma in Shipping Law and Insurance from the Seatrade Cambridge Academy of Transport. Flemming Robert Jacobs E-mail Flemming R. Jacobs joined the Board of Directors in October 2014, as part of the Company's debt restructuring. Mr. Jacobs has over 40 years of experience in the shipping and transportation industry. Throughout his career, Mr. Jacobs has served in various executive positions in A.P.Moller - Maersk particularly its global container business, and later until 2003 as Group President and CEO of Neptune Orient Lines Ltd. In addition, Mr. Jacobs has also served as a member of the board of various public and private companies, including DVB Bank SE, Scandlines GmbH, Rickmers Group, the Advisory Board of the Panama Canal and the Advisory Council of the Baltic Exchange. He is now the founder and member of the board of Global Maritime Forum. Mr. Jacobs completed the Program for Management Development and the program of “Making Corporate Boards More Effective” from Harvard Business School. Dr. Karsten Karl-Georg Liebing E-mail Dr. Karsten Liebing joined the Board of Directors in July 2014, as part of the Company's debt restructuring. Dr. Liebing has been serving in various senior management positions in KfW IPEX Bank, Frankfurt, and is Managing Partner of HAMMONIA Reederei GmbH & Co., Hamburg. Since 2013 Dr. Liebing has served as a supervisory board member of HCI Capital AG. Dr. Liebing holds a B.A degree in Economics from Hannover University and graduated in Business Administration, as well as a Ph.D. in Economics from Hamburg University in Germany. Regina Ungar E-mail Regina Ungar joined the Board of Directors in July 2014, as part of the Company’s debt restructuring. Ms. Ungar has served in various executive positions in finance, including as a partner in Deloitte Israel, deputy CEO and Senior Executive in the finance department of the Shrem Fudim Group and the Leader Group and CEO at KMN Holdings. Ms. Ungar also served and currently serves as a Chairperson and Board member with financial and accounting skills in large Israeli companies, such as Rafael Advanced Defence Systems Ltd, Mivne Group Ltd, Itamar Medical, Leader Capital Markets, TAT Industries, Koor Industries and Mendelson Systems. Ms. Ungar has been serving for 25 years as a lecturer in the Faculty of Management Studies in Tel Aviv University. In addition, Ms. Ungar owns and manages a financial consulting firm (Regina Ungar Corporate Financial Consulting). In addition, Ms. Ungar serves as VP of the Israeli Institute of Certified Public Accountants. Ms. Ungar holds a BA degree in economics and accounting and an MBA degree, both from Tel Aviv University in Israel and is a licensed CPA. Birger Johannes Meyer-Gloeckner E-mail Birger Meyer joined the Board of Directors in July 2014, as part of the Company’s debt restructuring. Mr. Meyer is the managing director of the CONTI Holding GmbH & Co. KG, Hamburg, Germany. The CONTI Group is a managing owner of container vessels, bulk carriers, tankers and has a current fleet of 45 ships. Mr. Meyer holds a Diploma degree in Economics from Ernst-Moritz Arndt University in Greifswald, Germany. Yoav Sebba E-mail Yoav Sebba joined the Company’s Board of Directors in September 2011. Mr. Sebba is the CEO of XT Hi-Tech, which is the venture capital arm of the global shipping & industrial group XT Holdings. Prior to XT Hi-Tech, Mr. Sebba served as a partner in Yozma Venture Capital, in which the XT group was a founding partner. Mr. Sebba is currently serving in the board of directors of ZIM Integrated Shipping, Phytech, Epitomee, PainReform, Cymbio, NanoPass, IntraTech, Sofwave, Healthy.io & Vessl. Mr. Sebba served in the board of directors of Cognitens (acquired by Hexagon; STO: HEXAB), Kailight Photonics (acquired by Optium; Nasdaq: OPTM), Impactia Technologies (acquired by eWave), BeamUps Technologies, Applied Spectral Imaging, Paragon Communications, Pegasus Technologies, Cognifit, Tevet (acquired by NanoMetrics; Nasdaq: NANO), CommonSense (shares acquired in a secondary transaction), KiloLambda (shares acquired in a secondary transaction), HyWire and NextNine (acquired by Honeywell). Prior to joining the XT Group, Mr. Sebba served as a project manager at one of Israel's leading commercial banks and at a leading consulting firm. Mr. Sebba holds B.Sc. in Management and Industrial Engineering from the Technion Institute of Technology and an MBA from the Haifa University. Nir Epstein E-mail Nir Epstein joined the Board of Directors in July 2014, as part of the Company's debt restructuring for a period of a few months and rejoined in 2018. Mr. Epstein has been providing business advisory services for more than 20 years, both as a lawyer and as an investment banker. In 2005, Mr. Epstein established Epstein Capital, which advises and represents multinational corporations on mergers and acquisitions, investments, divestitures, restructurings and other strategic corporate transactions, both in Israel and worldwide. Mr. Epstein holds an LL.B degree from Tel Aviv University in Israel and an MBA degree from INSEAD in France. Yair Caspi E-mail Mr. Yair Caspi joined the Company’s Board of Directors in August 2019. Mr. Caspi serves as a director in Israel Corporation Ltd. and in O.P.C. Energy Ltd. since 2019. Mr. Caspi served for 20 years (1998-2018) at the commercial law firm of Caspi & Co. In that period, he was managing partner of the firm as well as senior partner dealing with the practice areas of mergers & acquisitions, banking and finance. In addition, he handled privatization processes, creditor arrangements and market reforms. He represented various public corporations, including holding companies, banks and financial institutions. Mr. Caspi holds an LLB in Law and a BA in business administration from the Interdisciplinary Center Herzliya and an International Executive MBA from Northwestern University & Tel Aviv University.