Mavroleon looks to the ‘younger generation’

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Top US broker and CMA stalwart Basil Mavroleon has stepped down as Managing Director of Charles R. Weber claiming it was time to hand over to someone younger.

The company announced on Monday that it had chosen James L Ford as his replacement although Basil will continue as Managing Director of WeberSeas (Hellas) S.A. and will remain a senior member of Charles R. Weber’s Project Department.

In a statement, the company thanked its outgoing Managing Director for his 25 years of leadership “during which time the company has grown and prospered in keeping with the 70 year history established by the Company’s predecessors”.