Ultrapetrol (Bahamas) Ltd. announced the appointment of Mr. Sebastián Villa to the company's Board of Directors. The addition of Mr. Villa will increase the Board's membership to six. Mr. Sebastián Villa is a Member of the Executive Committee of Southern Cross Group.

He has served as a Board Member of HotelDO, MMCinemas, Planigrupo, Javer, MorePharma, and the Port of Barranquilla.