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Top Management Changes at United Maritime Group

Published Jan 11, 2011 3:02 PM by The Maritime Executive

Steven Green Replaces Sal Litrico as President and CEO

In a report filed with the U.S. Securities and Exchange Commission, United Maritime Group, LLC (UMG) announced that Sal Litrico, President and CEO of the company, ceased to be employed by UMG, effective October 4, 2010.

The filing also said that Mr. Litrico will no longer serve as CEO of GS Maritime Holding LLC, UMG’s parent company, and will no longer serve on the Board of Directors of GS Maritime. According to the filing, Mr. Litrico remains eligible to receive severance payments and benefits as set forth in his Employment Agreement.

Litrico was President and COO of TECO Transport Corp. when Greenstreet Equity Partners LLC, a private equity firm headed by Steven Green, bought TECO Transport in 2007, creating United Maritime Group.

Green will replace Litrico, and has been named interim President and CEO of United Maritime Group, LLC and interim CEO of GS Maritime, effective october 4, 2010. Currently. Mr. Green serves as Chairman of the Board of Directors of GS Maritime and has since December 2007.

Mr. Green is a former U.S. ambassador to Singapore and served as Chairman and CEO of Samsonite Corporation and later served as Chairman and CEO of Astrum International Corporation, directing strategic management and operations of Samsonite and it affiliates, American Tourister and Culligan water.

United Maritime Group, with headquarters in Tampa, FL, operates United Ocean Services, a U.S.-flag oceangoing fleet; United Barge Line, a river barge fleet on the U.S. inland waterways; United Bulk Terminal, a dry-bulk commodity deep-water transfer and storage terminal.

United Maritime Group has built its business moving coal and other commodities via rivers, as well as through the Gulf of Mexico and the Caribbean and worldwide, for domestic and international markets.

United Maritime Group handles coal, petroleum coke, phosphate, grain, metal-related products and other bulk commodities domestically and internationally.



Source: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K, United Maritime Group, LLC