Renold D. Thompson, Jr. Joins the Board of Directors and Stuart S. Dye, Esq. is named Board Secretary of BMC

Renold D. Thompson, Jr.

Stuart S. Dye, Esq.

Cleveland, OH September 26, 2022. Bartlett Maritime Corporation is pleased to announce that Renold D. Thompson, Jr., has been elected to the company’s Board of Directors, effective immediately. Renold Thompson retains his existing position on the Senior Advisory Board and as Chief Financial Officer for American Naval Shipyard, LLC. Additionally, Stuart S. Dye, Esq. is named Board Secretary. Stuart Dye retains his position as General Counsel at the company.

The nation’s Submarine Industrial Base, which in the 1960’s consistently delivered a new submarine into service every 44 days while properly maintaining this rapidly growing fleet and as recently as the 1980’s delivered 5 new submarines into service per year while properly maintaining a Submarine Force of more than 100 submarines, is in the midst of a now-widely-acknowledged and well understood capacity and capability crisis. There are many reports from various agencies detailing this crisis, summarized at https://www.bartlettmaritime.com/. In response, Bartlett Maritime Corporation is preparing to execute its immediately actionable, cost-effective public-private-partnership proposal – The Bartlett Maritime Plan™ – to add the required capacity and capability to the Submarine Industrial Base. The company’s team includes an exceptionally well-qualified team of senior leaders in both Naval shipbuilding & maintenance and in various key aspects of commercial industry on both the company’s Senior Advisory Board and the company’s senior operating staff. As a key next step in organizing for success, Renold Thompson has been elected to the corporation’s Board of Directors and Stuart Dye, Esq. is named Board Secretary, accelerating preparations for project execution.

Renold Thompson has more than three decades of capital markets experience in New York, Los Angeles, San Francisco, and Cleveland. His focus has been on the debt/leveraged lending sector of the capital markets in the areas of mining, manufacturing, and energy – all capital intense enterprises which have financial similarities to the Bartlett Maritime PlanTM proposed facilities and business. Most recently Renold has spent more than the last decade as an entrepreneur in the aerospace and defense market.

Stuart Dye is a former Cold War Naval Officer with experience in the SECNAV Deep Submergence Systems Review Group. He retired as a partner from Holland & Knight LLP and has more than 50 years of Maritime & Government Affairs Practice in Washington, D.C. Stuart continues to serve as General Counsel for the Bartlett Maritime Corporation.

Commenting on this added role for Renold Thompson, Bartlett Maritime Corporation Chairman and Chief Executive Officer CAPT Edward Bartlett, noted “Rod Thompson and I have worked together for more than 10 years on various enterprises. Over the last year, in particular, we have made great strides in completing program development and in preparing to launch the execution of our public private partnership. Rod is leading the effort with Goldman Sachs in preparation of initiating the Bartlett Maritime PlanTM and his contribution is key to our success. We are pleased that he has agreed to join our Board of Directors.”

Regarding Stuart Dye being named as Board Secretary, Bartlett Maritime Corporation Chairman and Chief Executive Officer CAPT Edward Bartlett, noted “Stuart and I have a long, successful record of working together on several efforts; he is an original member of our Bartlett Maritime team. With his deep Navy and legal experience, he brings both professionalism and formality to our board which is appropriate as we prepare to both enter contracted operations and to aggressively grow our business. We are pleased that he elected to accept this additional responsibility.”

CAPT Edward Bartlett noted both Renold and Stuart have been and continue to be totally committed to our success. He commented “I join my fellow members of the Board of Directors in welcoming both Renold Thompson to the Board of Directors and to Stuart Dye for serving as Board Secretary.”