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Physical bunker and marine lubricants supplier Aegean Marine Petroleum Network Inc.(AMPNI) has announced that it has appointed Konstantinos Koutsomitopoulos to its Board of Directors. With the addition of Koutsomitopoulos, Aegean has a total of seven Directors, of which the majority remains independent.

Koutsomitopoulos, aged 40, has more than 17 years of industry experience and currently serves as an independent consultant to various companies.

From October 2004 to May 2007, Koutsomitopoulos was employed at Diana Shipping Inc., a publicly traded company with shares listed on the New York Stock Exchange. While at Diana, Koutsomitopoulos served as President and Head of Corporate Development from March 2006 to May 2007, and as Chief Financial Officer and Treasurer from February 2005 to March 2006.

Koutsomitopoulos joined Pegasus Shipping Inc. in 1992. From 1997 to 2003, he was responsible for chartering, sales and purchasing and assisting in financing activities of the company, holding the positions of Chief Executive Officer and, subsequently, Director.

Speaking about the appointment, Chairman Peter C. Georgiopoulos said "We are pleased to welcome Konstantinos to Aegean's Board of Directors. His extensive industry experience will provide added value as we seek to continue to take advantage of the strong demand for our integrated marine fuel services and expand our global reach for the benefit of the Company and its shareholders."

Koutsomitopoulos graduated from the University of Athens in 1989 with a bachelor's degree in Economics and from City University Business School in London in 1991 with a master's degree in Shipping,Trade and Finance.