Pangaea Logistics Solutions Chairman Richard T. du Moulin will retire from the board effective Dec. 31, ending a board tenure that began with the company’s 2014 initial public offering. His ties to Pangaea date back more than 25 years.
- Du Moulin notified the board of his decision on Nov. 3.
- He has served as a director since Pangaea went public and currently chairs the board.
- Pangaea did not announce a successor or other board changes.
His departure will end a long-standing board and chairman role. The company thanked him for his contributions; no other leadership or compensation changes were announced.