Peter Georgiopoulos is likely this spring to exit a public tanker company he has led in one form or another since 2001, but he is not departing empty-handed.
Georgiopoulos is nearing a payout of more than $8m when the acquisition of his Gener8 Maritime is closed by Belgium’s Euronav, probably in May or June.
Details of the package — which includes severance payment, bonuses and vesting of restricted shares — are included in a registration statement filed by Euronav with US securities regulators.
