Performance Shipping Inc. announced that its board of directors has appointed Mr. Andreas Michalopoulos to the position of Deputy Chief Executive Officer, effective immediately. Mr. Michalopoulos, who is presently the Company’s Chief Financial Officer and Treasurer, will retain such position for the time being. While it is expected that Mr. Michalopoulos will eventually Mr. Symeon Palios as Chief Executive Officer, Mr. Palios’ active role as Chief Executive Officer and Chairman of the Company will be unchanged in the near term.