Capital Product Partners L.P. announced the appointment of Mr. Petros Christodoulou as Chief Executive Officer and Chief Financial Officer. His appointment will be effective from September 1, 2014. Mr. Christodoulou will succeed Mr. Ioannis Lazaridis, who has served as the Chief Executive Officer and Chief Financial Officer since the Partnership's formation in January 2007 and as Chief Financial Officer of Capital Maritime & Trading Corp.

Mr. Lazaridis has been a member of the Partnership's Board of Directors since March 2007. As previously announced in April of 2014, Mr. Lazaridis will remain a member of the Board of Directors. The appointment of Mr. Christodoulou was unanimously approved by the Partnership's Board of Directors.

Mr. Christodoulou was most recently Deputy Chief Executive Officer and Member of the Board of the National Bank of Greece S.A. He served in such capacity and as a member of the Executive Committees of each of the National Bank of Greece and of the Hellenic Banking Association from June 2012 to July 2014.