Interview with Angeliki Frangou

CEO & Chairman Navios Group of Companies

Shipping is a global business interconnected with commercial activity which is relevant to the developments of the global economy. In essence, shipping is an early indicator of economic activity. If there is a recovery in shipping, you can expect a recovery of the economic activity and vice versa.

In the second half of 2013, we have seen signs of recovery in the global economy and respectively recovery in shipping, especially in the dry bulk sector. We are optimistic that this positive trend will continue in 2014.

The overall prospects for the shipping industry are trending positively across all sectors as virtually all sectors are driven by economic activity.

On the demand side, the next big thing to impact our industry would be to see India becoming part of our economic world. The effect will be immense, considering that India is a large country, with a population of 1.2 billion people.

Angeliki Frangou has been Navios Maritime Holdings Inc. Chairman and CEO since 2005. In addition, Ms. Frangou serves as the Chairman and CEO of affiliated NYSE listed companies, Navios Maritime Partners L.P. and Navios Maritime Acquisition Corporation. She is also the Chairman of the Board of Directors of Navios South American Logistics Inc. since inception (in December 2007). Previously, Ms. Frangou was Chairman, CEO and President of International Shipping Enterprises Inc., which acquired Navios Holdings. During the period 1990 through August 2005, she was the CEO of Maritime Enterprises Management S.A., and its predecessor company. Ms. Frangou is the Chairman of IRF European Finance Investments Ltd. From September 2012 to June 2013, Ms. Frangou has served as a Board Member of Eurobank Ergasias SA (one of the largest commercial banks in Greece). She is a Member of the Board of The United Kingdom Mutual Steam Ship Assurance Association (Bermuda) Limited, Vice Chairman of China Classification Society Mediterranean Committee, a member of the International General Committee and of the Hellenic and Black Sea Committee of Bureau Veritas and a member of the Greek Committee of Nippon Kaiji Kyokai. Ms. Frangou received a bachelor’s degree in mechanical engineering from Fairleigh Dickinson University (summa cum laude) and a master’s degree in mechanical engineering from Columbia University.

These interviews contain the opinions and views of the CEOs interviewed, and do not necessarily represent the opinions and views of PwC.