There's been some changes in the board room at Top Ships.

After trading closed Friday, the Greek tanker owner said Vangelis Ikonomou and Alexandros Economou had resigned from the board of directors and that non-executive director Stravos Emmanouil would step in as chairman.

Ikonomou, the executive vice president of Top Ships and long-term right hand man to shipowner Evangelos Pistiolis, will remain as an executive of the company.