Mr Michael Fostiropoulos, Director, Almi Tankers S.A.
Michael Fostiropoulos 1997 Athens College 4-year Lykeion 2000 BSc (Hons) Sociology/Economics, City University, London 2001 MSc Shipping, Trade and Finance, City University, London 2001- 2003 Trainee, 2004 Deputy C.E.O., 2005-2015 C.E.O. Fairsky Shipping and Trading S.A. Michael hired young, well qualified successors for all the Departments and ameliorated the operational capacity of this bulk carrier operator through an integrated management system based on the H.S.Q.E. Marine Standard of the American Bureau of Shipping. 2014-2015 Director, UK P&I Club 2009- 2024 Director, Almi Tankers S.A., Athens In March 2009, Michael and his brothers Alexander and John, organised the establishment of this new tanker management company.
A team of young but well-qualified tanker managers was selected. The guiding principle was operational integrity, proof of which are the highest industry standards to which the company adheres, including TMSA Stage 3+ as well as ISO 9001, ISO 14001, ISO 45001, ISO 27001, ISO 50001 and ISO 22301 certifications from Lloyd’s Register. The Investors in People (IIP) accreditation was achieved in 2011. IIP Gold recognition was achieved in September 2020 and the ‘We invest in Well-being’ certification, was awarded in June 2023. Michael set up the Strategy Management Office and adopted the Balanced Scorecard Framework for the effective planning, monitoring and execution of the corporate Strategy.
Collective participation in Strategic Planning through the four Strategic Focus groups takes place regularly and team members are encouraged to contribute to the discussion and initiate strategic projects on developing our people, improving the internal business processes, achieving customer satisfaction and ensuring the financial sustainability of the company in the long term. In 2017 Michael designed the “Shipping Company Management” elective and has been delivering it with the help of his colleagues and guest speakers from the industry to MSc students of the Costas Grammenos Centre of Bayes Business School, City St George's, University of London.