Seanergy Maritime Holdings Corp. announced that Dale Ploughman will step down from the position of the Chief Executive Officer of the company and Stamatis Tsantanis has been appointed as the Chief Executive Officer, to succeed Mr. Ploughman, effective as of October 1, 2012. Mr. Tsantanis has also been appointed to the Board of Directors.

Mr. Ploughman will continue to serve as the Chairman of the Board and as a Director of the Company. Stamatis Tsantanis brings more than 14 years of experience in shipping and finance and held senior management positions in prominent shipping companies. He served as Group Chief Financial Officer of Target Marine S.A. from September 2008, responsible for its corporate and financial strategy.

Mr. Tsantanis previously served as the Chief Financial Officer and as a Director of TOP Ships Inc. Prior to that, he was an investment banker at Alpha Finance.