Capital Product Partners L.P. announced the appointment of Mr. Ioannis Lazaridis as non-executive Chairman. His appointment will be effective from December 19, 2014. Mr. Lazaridis is currently a non-executive Director of the Partnership.

Mr. Lazaridis was CEO and CFO of the Partnership from its inception in 2007 through September 2014 when he stepped down to pursue personal investment interests in the US and internationally. To effect this change, Mr. Marinakis will step down as Chairman of the Partnership. Mr. Marinakis will remain as Chairman and Chief Executive Officer of Capital Maritime & Trading Corp.