The Initiation of Evangelos Marinakis into Business

Food sustainability is one of the things that Evangelos Marinakis has made his number one agenda throughout his career as a businessman. He has the headquarter of his business in Chicago which specializes in the food industry.

The Genesis of His Business

In the early 1900s, his grandfather began a grocery in Chicago. It was the very first grocery, Greenlight, that gave his neighborhood a new name, the grocer street. Today the name is stuck as its genetic identity. The business expanded rapidly attracting the majority of the customers in the neighboring estates.

Later on, Evangelo’s father took over the business and worked smart to give the brand the justice it deserves. However, he was not a very successful businessman.  The company began to suffer bad debts at the poor stock turn over. By that time, Evangelos Marinakis was winding up his schooling at the University of Chicago.

He came in to save the business from the bad reputation it was gaining. To protect the business turnover, Evangelos advised his father to engage in direct farming and get their supplies directly from the farm to cut down the cost of buying the supply.

The short-seasoned produce they engaged in, managed to salvage the business from the claws of bad debts. Evangelos’ father retired from active business after the pressure eased and left Evangelos Marinakis to take care of the company since he had expressed competent leadership.

Evangelos As The New Manager

Being a graduate in business, Marinakis turned the tables in the industry. He sought to have more professional leadership. He fully engaged in the farming production and meat business as a way to diversify the income. By mid-1970s, the once grocery was no longer just a grocery, but a brand name in other cities of America like New York, Los Angeles, Mexico, etc.

In his capacity as the new CEO of the business, Evangelos Marinakis chose to invest more in the food processing industry. He was one of the pioneers who embraced the use of nitrogen liquid to preserve meat. The technology was one of the breakthroughs that changed the face of Greenlight.

The technology was essential in freezing the food in the shortest time possible to preserve food. The move helped to cut cost at Greenlight and made the sustainability of food more advanced. Besides the preservation, the cost of food processing went down significantly.

Collaboration With Partners

The success of Evangelos Marinakis has a relationship with the people he brought on board to work with him. A good example is Peter Briger who is the CEO and president of Fortress Investment Group. Peter is well-known for his finance prowess. He became a board member Greenlight in 2007. His contribution to the company made him a very close alley to Marinakis.

He also worked for hand in hand with more successful business people who rose from grass to grace like David McDonald who is the President of OSI. OSI is one of the leading food processing companies in America. David worked closely with Evangelos, he mentored him, and in most cases, he refers to Marinakis as his son.

To bolster the success of his business, he understands the power of fresh ideas that is why he mixes experience with skills to manage the business. Most of his funding in the initial stages of business stability came to form the friends he had made over time.

Expansion Of Greenlight

The brilliant businessman has seen the development of Greenlight into many other countries. They include Singapore, Russia, Bangladesh, and many other cities in America.

In as much as most of the meat-related business has taken over the Greenlight significant supplies, Evangelos Marinakis has not ceased to venture into the groceries. That is where he has set the memories of his father and grandfather. Every time he talks about Greenlight he gives an in-depth appreciation of the grocery.

Charitable Activities

The charisma Evangelos Marinakis carries is incomparable; he dedicates a massive chunk of his income to the communities around Chicago. Recently, he has constructed basketball courts and stadia for the young generation that is interested in sports. The sports facilities are managed by the Chicago Sports association. It is a sports monitoring committee that he established in 1998.

Besides sports, he has done a lot to ensure that the homeless children get housing. One of the significant contributions that have hit world headlines is the assistance he accorded to the people of California during the Hurricane that hit the town bringing down many real estates.

Awards

Evangelos Marinakis’ contribution to the business world, sports, among other charitable activities have been highly recognized by powerful personalities and institutions across the world.

Some of the awards on his table include the Sustainability Award which he received because of his contribution to the food market. The introduction of the Nitrogen-based preservative. Food is an integral part of the society, Marinakis has never ceased to encourage farming. He supports small-scale farmers to increase productivity.

The Punjab University of India acknowledged Evangelos Marinakis for his acts of humanity and awarded him a Global Humanitarian Award. He also holds the World Visionary Award for his business breakthroughs and the immense support he offers to the young people to get more active in the business.

Over time, Evangelos Marinakis’ businesses have been a source of encouragement to the upcoming business people. He has been to many countries boosting business interests. At the same time, he has had the opportunity to speak on many international platforms. Some of the talks he has offered include The International Forum For Entrepreneurs, The Youth For Business Workshop in New York, and The East Africa Business Community Summit.

Other than the food industry, the international businessman has shown interest in other business fields like the media and shipping. Though he has not moved fully into them, it is obvious that he is already making a kill out of them.

The employment roll in Evangelos Marinakis businesses is at the 20,000 mark. This number includes only the direct employees. The indirect employees, who include the middlemen and suppliers, are in thousands as well.

Categories: Evangelos Marinakis

Evangelos Marinakis

Evangelos Marinakis (Greek: Ευάγγελος[4] (Βαγγέλης) Μαρινάκης, born 30 July 1967) is a Greek shipowner and member of the Piraeus city council. He is the owner of the football clubs Olympiacos in Greece[4] and Nottingham Forest in England.

Evangelos Marinakis was born in Piraeus, Greece on 30 July 1967. He is the only son of Miltiadis Marinakis and Irini Marinaki (née Karakatsani). His father, Miltiadis Marinakis, was a shipowner, a Member of the Greek Parliament[5] and, at times, a financial supporter of Piraeus football club, Olympiacos. Evangelos Marinakis earned a B.A. in ‘International Business Administration’ and an M.Sc. in ‘International Relations’ in London.[6]

Shipping Career
Marinakis is the founder and chairman of Capital Maritime & Trading Corp.[7] From March 2010 until September 2011, he also served as Chairman and Chief Executive Officer of NYSE-listed Crude Carriers Corp.[8] Between March 2007 and December 2014[9] he was chairman of Capital Product Partners L.P. (NASDAQ:CPLP). From 1992 to 2005, Marinakis was the commercial manager of Capital Ship Management Corp. and oversaw the businesses of the group of companies that now form Capital Maritime. For the past decades, he has also been active in several other family-controlled businesses all related to the shipping industry.

Awards & distinctions

Having “grown his shipping empire from the small company he took over from his father, which controlled seven bulk carriers”,[11] he is regarded as one of the most important and influential shipping personalities worldwide. He was included in the Lloyd’s List “One Hundred Most Influential People in the Shipping Industry” list, ranking 66th in 2017,[12] ranking 61st in 2016,[13] ranking 65th in 2015,[14] 67th in 2014, 73rd in 2013[15] and 84th in 2012. He was also included in the TradeWinds “Power 100″ list of the ‘top shipowners and operators”, ranking 31st in 2012[16] and 75th in 2010.[17] In 2014[18] and 2010[19] he was awarded the “Newsmaker of the Year” award at the annual Lloyd’s List “Greek Shipping Awards”,[20] while in 2009 his company, Capital Ship Management Corp. was awarded the “Tanker Company of the Year” award.[21] In 2016, he was awarded the first ever “Xenakoudis Excellence in Shipping Award” by the International Registries, Inc./The Marshall Islands Registry.

In November 2017, Marinakis received the Lloyd’s List “Greek Shipping Personality of the Year” Award at a special ceremony in Athens. Nigel Lowry of Lloyd’s List said Marinakis was the “outstanding candidate” for the award and noted his $1 billion investment in fleet capacity in 2017, his “dynamic dealmaking” in the shipping sector, as well as a range of other activities across philanthropy, sports and media.

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