Capital Product Partners LP announced the departure of Mr. Petros Christodoulou as CEO and CFO and director. Mr. Christodoulou will step down effective June 30, 2015. Mr. Gerasimos (Jerry) Kalogiratos, the Partnership's current Chief Operating Officer and a director of the Partnership, will be appointed as the CEO and CFO as of the same day.

Mr. Kalogiratos, 38, joined Capital Maritime &Trading Corp. in 2005 and was part of the team that completed the IPO of the Partnership in 2007. He has been the Chief Operating Officer of the Partnership since October 2014 and has served as CFO and director of Crude Carriers Corp.

before its merger with the Partnership in September 2011. He has also been Finance Director of Capital Maritime &Trading Corp. since February 2010.

Nikolaos Syntychakis, Managing Director of Capital Ship Management Corp., will succeed Mr. Petros Christodoulou as director of the Partnership.