Evangelos Marinakis

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Evangelos Marinakis
Born (1967-07-30) July 30, 1967 (age 46)
Piraeus, Greece
Residence Athens, Greece
Nationality Greek
Occupation Chairman of Capital Product Partners L.P
President & CEO of Capital Maritime & Trading Corp.
Owner of Olympiacos
Spouse(s) Athanassia Marinaki
Children 3
Parents Miltiadis Marinakis
Eirini Marinaki

Evangelos Marinakis (Greek: Βαγγέλης Μαρινάκης, born July 30, 1967) is a Greek shipping magnate and president of Greece's leading football club Olympiacos F.C.

Early life[edit]

He was born in Piraeus. He is the only son of Miltiadis Marinakis and Eirini Marinaki (née: Karakatsani). His father was a shipowner, a Member of the Greek Parliament and a main financial supporter of Piraeus football club, Olympiacos. Evangelos Marinakis, earned a B.A. in 'International Business Administration' and an M.Sc. in 'International Relations' in London.[1] From a young age he became passionate about shipping and Olympiacos, following his father in his duties, occasionally going onboard ships and attending vessel dry docks, while also attending most of Olympiacos Football Club matches.[2]

Shipping[edit]

From 1992 to 2005, Marinakis was the Commercial Manager of Capital Ship Management Corp. and oversaw the businesses of the group of companies that currently form Capital Maritime. For the past decades, he has also been active in various other family-controlled businesses and today lays claim to investments in the shipping, energy and real-estate sectors.[3]

Evangelos Marinakis is currently Chairman of the Board of Capital Product Partners L.P. (NASDAQ:CPLP). He has served as President and Chief Executive Officer and as a Director of Capital Maritime & Trading Corp. since its incorporation in March 2005.[4] Marinakis also served as Chairman and Chief Executive Officer of NYSE-listed Crude Carriers Corp.,[5] an affiliate of Capital Maritime, from March 2010 until its merger with CPLP in September 2011.[6] His prominence as one of the 100 most influential people in the world shipping industry has been repeatedly acknowledged by prestigious international shipping publications Lloyd's List[7] and Tradewinds.[8][9] In 2013, he was ranked 73rd out of 100 most influential people in the world shipping industry by Lloyd's List.[10] In 2010, he was voted "Greek Shipping Newsmaker of the Year” at the annual Lloyd’s List Greek Shipping Awards "as one of the industry’s most dynamic personalities".[11] In 2009, his company, Capital Ship Management Corp. was awarded the Lloyd's List “Tanker Company of the Year Award".

Capital Ship Management currently operates a fleet of 55 vessels including the vessels of Nasdaq-listed Capital Product Partners L.P.[12] The Capital group of companies combines 80 years of commercial and technical ship management experience under one roof, operating a range of vessel types and sizes including dry bulk, chemical, product and crude oil tankers, multiple purpose vessels and container vessels. With a total deadweight capacity of over 4 million tonnes, the vessels enter into long-term charters with strong counterparties around the world, such as BP Shipping, COSCO (China), Hyundai Merchant Marine (S.Korea), Maersk Line, Royal Dutch Shell, ExxonMobil, Chevron, Total (France), Repsol, Statoil (Norway), Pemex (Mexico), Petrobras (Brazil), Cepsa (Spain).[13]

Sports[edit]

Since mid-2010 Marinakis has purchased Piraeus' hometown team Olympiacos, and serves as its President.[14] Marinakis served as president of the Superleague Greece and Vice-President of the Hellenic Football Federation (HFF) from August 2010 until September 2011. During his presidency of Olympiacos, the team won the Greek League title for the periods 2010/2011, 2011/2012, 2012/2013 and 2013/2014 and the National Cup for the 2011/2012 and 2012/2013 seasons.[15]

Philanthropy[edit]

Evangelos Marinakis has supported throughout his career numerous Greek and international charity foundations and humanitarian projects. Currently, through the benevolent fund of “Genesios Theotokos” parish in the Athens suburb of Nikaia, Marinakis finances the daily meals of a thousand people weekly.[16] In February 2014, he donated €500,000 for school repairs in the Greek island of Cephalonia, which was hit by destructive earthquakes.[17]

On June 2012, in a highly symbolic action, Marinakis repurchased Greek national debt, with a face value of €1,364,000 by offering the amount of €168,590 on behalf of each of Olympiacos' 55 Greek players and employees, to visionary and friend, Peter Nomikos’ NGO ‘Greece Debt Free’ (GDF). Marinakis stated: "Through this act, I wanted to set an example so as to show that we should all support our country during these difficult times. Greeks are patriots and it is high time we show the world what we can do when working as one. Greece can and must go forth".[18] Greek state debt is an object of trade in international markets, at prices lower than its actual cost. At the time of the donation, each Greek employee corresponded to approximately €24,800 of Greek national debt, but this amount could be redeemed with a price of around €3,000. GDF held and then cancelled these bonds, thus reducing Greek debt with a face value of €1,364,000 total.[19]

Marinakis is also in the process of creating the Olympiacos charity foundation,[20] During his presidency, on October 2013, Olympiacos FC and UNICEF launched their partnership to immunize children in countries that urgently need support. Olympiacos FC will help raise awareness and funds for the Campaign, featuring UNICEF’s logo on the players’ jerseys and with the target to raise EUR 2 million over the next two years. This could result in saving the lives of 50,000 children.[21] Marinakis also encourages Olympiacos team visits to charity institutions and invites children visits to the Renti training centre and the ‘Karaiskaki’ stadium. In the context of the fight against violence, he sponsored the distribution of a relevant publication to Olympiacos permanent ticket holders.[22] During his presidency, Olympiacos has sponsored the Japan earthquake relief fund,[23] the non-profit environmental organization ‘Arcturos’,[24] the pediatric clinics of ‘St Sofia’ hospital in Athens[25] and ‘General Hospital’ in Limassol,[26] various blood collection campaigns,[27] Greek and international children’s charities, including 'Elpida', 'Argo', the ‘Steven Gerrard Foundation’,[28] the ‘Hatzikyriakos Foundation’.

On February, 2010, Marinakis donated the proceeds from the auction of 43 works of art from his private collection, which amounted to more than €400,000, to "Together for Children", a Greek union of ten Greek NGOs,[29] whose aim is to assist more than 5,000 children in need.[30]

Since 2009, as CEO of Capital Maritime Corp., in an effort to preserve and safeguard the environment and to encourage public awareness regarding the great environmental challenges of our day, Marinakis sponsored various reforestation, recycling and environmental education projects through Capital Ship Management Corp. In recognition of its commitment to socially and environmentally responsible business practices and corporate governance policies, the company was selected as “Tanker Company of the Year 2009” at the annual Lloyd’s List Greek Shipping Awards.[31]

Controversy[edit]

On June 2011, Marinakis was among 68 suspects named by Greek judicial authorities, in a match-fixing investigation which was launched after UEFA gave Greek authorities a report citing irregular betting patterns, mostly involving Greek Cup and second division games in 2009 and 2010.[32] UEFA officials said no action was presently being considered against Olympiakos regarding its participation in the Champions League in the following season, because evidence in the Greek investigation cast no doubt over its 2010-11 league victory. Marinakis was charged with complicity to commit acts of bribery and match manipulation which he has repeatedly denied. "These allegations have nothing to do with me and have no effect on me whatsoever," Marinakis said. "There is not one shred of evidence against me."[33] Piraeus club Olympiacos said the allegedly suspicious matches in question dated from before the tanker tycoon became owner and chairman in June 2010 and added that the club was not involved in any of them.[34]

References[edit]

  1. ^ "CPLP Board of Directors Biographies". Retrieved 20 December 2012. 
  2. ^ "Ο Βαγγέλης Μαρινάκης ταράζει τα νερά της ναυτιλίας". enikos.gr. Retrieved 22 November 2013. 
  3. ^ "CPLP Board of Directors Biographies". Retrieved 20 December 2012. 
  4. ^ Reuters business profile
  5. ^ "Evangelos Marinakis, the CEO of Crude Carriers, Discusses the Strengths of the Company. Interview with Barry Parker of BDP1". Capital Link Shipping. 2010-03-23. Retrieved 2012-12-19. 
  6. ^ "Crude Carriers Shareholder Approve Merger Deal With Capital Product Partners". RTT News. 9-20-2011. Retrieved 12-19-2012
  7. ^ "Lloyd's List 100 2012. Most Influential People in the Shipping Industry". Lloyd's List. December 2012. Retrieved 20 December 2012. 
  8. ^ "(Power 100) 75. Evangelos Marinakis Capital Maritime/ Crude Carriers, Athens". Tradewinds. 11 June 2010. Retrieved 20 December 2012. 
  9. ^ "Power 2012: Top 50 Owners and Operators (2 to 50). 31: Evangelos Marinakis, Capital Maritime & Trading Corp, Greece (up from 2010)". Tradewinds. 22:22 GMT, 30 May 12. Retrieved 20 December 2012. 
  10. ^ "ONE HUNDRED 2013 MOST INFLUENTIAL PEOPLE IN THE SHIPPING INDUSTRY. NO 73. Evangelos Marinakis, Capital". Lloyd's List. 12 December 2013. Retrieved 17 December 2013. 
  11. ^ "Lloyd's List Greek Shipping Awards 2010. The Winners. Newsmaker of the Year. Winner: Evangelos Marinakis". Lloyd's List. Retrieved 20 December 2012. 
  12. ^ "About Us". Capital Ship Management. Retrieved 22 November 2013. 
  13. ^ "About Us". Capital Ship Management Corp. Retrieved 29 November 2013. 
  14. ^ According to the Olympiacos website official biography
  15. ^ "Olympiacos F.C.". Wikipedia. Retrieved 22 August 2013. 
  16. ^ Biography. "President: Evangelos Marinakis". Olympiacos.org. Retrieved 27 September 2013. 
  17. ^ Tomaras, Dimitris. "Olympiacos to the rescue of Cephalonia". gazetta.gr. Retrieved 2 May 2014. 
  18. ^ "OLYMPIACOS helps relieve Greece of its debt". Olympiacos. 26 Jun 2012. Retrieved 27 September 2013. 
  19. ^ "Olympiakos Football Club joins GDF!". Greecedebtfree.org. Retrieved 27 September 2013. 
  20. ^ "A significant contribution to the Steven Gerrard Foundation!". 4 Aug 2013. Olympiacos.org. Retrieved 27 September 2013. 
  21. ^ "Olympiacos FC and UNICEF join forces to immunize children". Olympiacos FC. Retrieved 29 November 2013. 
  22. ^ Biography. "President: Evangelos Marinakis". Olympiacos.org. Retrieved 27 September 2013. 
  23. ^ "Evangelos Marinakis Donation to Japanese People". YouTube. Retrieved 20 December 2012. 
  24. ^ "Manolis; Olympiacos’s latest addition!". Olympiacos. 24 May 2012. Retrieved 27 September 2013. 
  25. ^ "Close to the children in need!". Olympiacos. 3 Jan 2013. Retrieved 27 September 2013. 
  26. ^ "Thank you letter from the Limassol General Hospital". Olympiacos. 31 May 2011. Retrieved 27 September 2013. 
  27. ^ "Give Blood, Save Lives". Olympiacos. 10 Mar 2012. Retrieved 27 September 2013. 
  28. ^ "A significant contribution to the Steven Gerrard Foundation!". Olympiacos. 4 Aug 2013. Retrieved 27 September 2013. 
  29. ^ "Social Responsibility". Capital Ship Management. Retrieved 27 September 2013. 
  30. ^ Catalogue (10 February 2010). Auction III: 43 Works of Art from the private collection of Evangelos Marinakis (ΙΙΙ Δημοπρασία: 43 Έργα τέχνης από την ιδιωτική συλλογή του Ευάγγελου Μαρινάκη). Athens: Together for Children (Μαζί για το Παιδί). 
  31. ^ "Social Responsibility". Capital Ship Management. Retrieved 27 September 2013. 
  32. ^ See also: "Soccer-Greek Super League chief added to scandal corruption list". Reuters, UK Edition. Retrieved 10 January 2013. 
  33. ^ "Vangelis Marinakis among 68 suspects". ESPN Soccer from Associated Press. 2011-06-24. Retrieved 2012-02-22. 
  34. ^ "Marinakis denies fixing". Tradewinds. 27 June 2011. Retrieved 20 December 2012. 

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