Seaspan Corporation announced that Gerry Wang, its Chief Executive Officer, Co-Chairman and Co-Founder, will retire from Seaspan effective December 31, 2017 to focus on family business investments and his ongoing charitable efforts. In order to facilitate an orderly transition, Mr. Wang will continue in his current role as CEO until the earlier of when a permanent CEO is identified or December 31, 2017, and will continue to serve on Seaspan's Board until the end of the year. Seaspan has commenced a search process to identify a new Chief Executive Officer.

The Board of Directors has appointed David Sokol, a member of the Board of Directors and Executive Committee of Seaspan, as Chairman of the Board. Concurrent with this change, Kyle Washington and Gerry Wang have both been recognized as Chairman Emeritus. Seaspan has promoted Peter Curtis to Executive Vice President and Chief Operating Officer.

Mr. Curtis joined Seaspan in 2001 as Vice President to establish and lead ship management function and has served as the Chief Operating Officer of the company since 2012. The Board of Directors has also formed The Office of the Chairman, under the Direction of Mr. Sokol. In this role, Mr. Sokol will oversee the Chief Executive Officer succession and overall leadership transition.