Stainless Tankers - Change of CFO
 
January 2, 2024 - Stainless Tankers ASA (the "Company", ticker: "STST") today
announces that Erol Sarikaya will step down from his position as CFO of the
Company with effect from January 10, 2024. He will be succeeded by Irene
Michael, Tufton's current Director of Finance and a STST Board Member. Irene
will resign from the Company's Board of Directors and be replaced by a new
independent director, who will be elected in a general meeting of shareholders
to be scheduled before the end of February 2024. STST's current CEO, Alex
Karakassis, will assume the position as both CEO and CFO of the Company for the
interim period between Erol's departure and the date the new director replacing
Irene at the Board of Directors has assumed her position.
 
Alex Karakassis noted: "Erol has been an integral part of STST since its
formation and has done an outstanding job helping the Company reach its current
position as an efficient and investor friendly pure-play on the stainless-steel
chemical tanker sector. I wish him much success in his new endeavours. I also
look forward to working with Irene as CFO. Through her position at Tufton and on
STST's Board she is intimately familiar with our business and ideally placed to
ensure a seamless transition of the Company's financial management."

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