Dr. John Coustas is President and Chief Executive Officer of Danaos Corporation.  He has over 30 years of experience in the shipping industry. Dr. Coustas assumed management of our company in 1987 from his father, Dimitris Coustas, who founded Danaos Shipping in 1972, and has been responsible for our corporate strategy and the management of our affairs since that time. Dr. J. Coustas is also a member of the board of directors of Danaos Management Consultants, the Cyprus Union of Ship-owners and the HELMEPA (Hellenic Maritime Protection Agency).  He is Deputy Chairman of the board of directors of The Swedish Club as well as Secretary of the board of directors of the Union of Greek Ship-owners.  Dr. Coustas holds a degree in Marine Engineering from National Technical University of Athens as well as a Master’s degree in Computer Science and a Ph.D. in Computer Controls from Imperial College, London.