DryShips Announces Appointment of Two New Directors


DryShips, a diversified owner of ocean going cargo vessels, announced the appointment of two new directors.

Mr. Anthony Kandylidis has served as the Company’s President and Chief Financial Officer since December 2016 and was previously the Company’s Executive Vice President since January 2015. In September 2006, Mr. Kandylidis founded OceanFreight Inc. and took it public in April 2007. In 2011, OceanFreight Inc. was absorbed by DryShips through a merger. Mr. Kandylidis also serves as President and Chief Financial Officer of OceanRig UDW Inc. (NASDAQ: ORIG), an international drilling contractor and is a director of the International Association of Drilling Contractors (IADC). Mr. Kandylidis graduated magna cum laude from Brown University and continued his studies at the Massachusetts Institute of Technology where he graduated with a Master’s degree of Science in Ocean Systems Management. Mr. Kandylidis is the nephew of Mr. George Economou, the Company’s Founder, Chairman and Chief Executive Officer.

Mr. Andreas Argyropoulos worked for Ocean Rig UDW Inc. for five years in a variety of positions, including the Marketing department and then serving as Communications Manager. Before joining Ocean Rig UDW Inc. in 2012, he worked as Marketing Manager for Nike Greece from 2006-2009. He also has extensive experience in international event management. Mr. Argyropoulos received a Bachelor’s of Science degree from Boston University and a Master’s degree from the CIES/FIFA Master in Neuchatel, Switzerland. He speaks five languages fluently.

The Company’s board of directors has determined that Mr. Argyropoulos is considered to be an independent director under the SEC rules. Mr. Argyropoulos has been appointed as the third member of the Company’s Nominating, Compensation and Audit Committees.

Following the appointments of Mr. Kandylidis and Mr. Argyropoulos, the Company’s Board of Directors is now comprised of five directors, three of whom are considered independent under the SEC rules.



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