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August 22, 2016

Paul Pathy to assume role of sole CEO, Fednav Ltd., Fednav Int’l Ltd.

MONTREAL, Que.--Fednav Limited announced that effective September 10, Paul Pathy will assume responsibility as the sole Chief Executive Officer of Fednav Limited and of Fednav International Ltd (FIL). Since 2010, Paul and Mark Pathy have led Fednav Limited as co-CEOs, and Mark as President and CEO of Fednav International Ltd. (FIL) since 2008. However, as shareholders, Paul and Mark said they have concluded that it would be best for Fednav to operate under one leader. "In his role as co-CEO of Fednav Limited and President and CEO of FIL, Mark has played a significant, indeed essential, leadership role in ensuring the success of the company during a period marked by considerable changes in the market and in our commercial staff. While he is



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