The maritime services company also disclosed the removal of its previous technology and operations chief, as it targets a platform launch by the end of 2026 and operating-cost reductions beginning in the third quarter.

June 12, 2026

Elvictor Group, Inc., a Nevada-incorporated provider of maritime crew management and recruitment services based in Vari, Attica, Greece, has named Theocharis Vasilakis as its Chief Technology Officer. The company framed the move as central to a multi-year technology overhaul built around artificial intelligence and automation. Announced on June 11, 2026, the appointment came alongside the disclosure that Elvictor’s board had removed Christodoulos Tzoutzakis from his combined role as Chief Operating Officer and Chief Technology Officer that same day.

The company, which trades over the counter under the symbol ELVG, said the removal of Tzoutzakis was made without cause. It emphasized that the departure did not stem from any disagreement with the board or management and was unrelated to its operations, financial reporting, or internal controls.

A New Technology Chief With an AI Background

Vasilakis steps in as Elvictor pursues a redesign of its technology infrastructure and the buildout of an AI-enabled crew management ecosystem, an effort the company says is aimed at improving operational efficiency, increasing scalability, and creating new digital services for the maritime sector. According to Elvictor, his background spans artificial intelligence, software engineering, and enterprise technology. He co-founded Hermetica, an AI-native intelligence platform, and previously held software engineering positions at European Dynamics and OpenBet Hellas. His areas of expertise include:

• Machine learning
• Cloud architecture
• Data systems
• AI-driven application development

Platform Timeline and Rollout

The technology initiative began in February 2026 and centers on modernizing select crew management processes and developing automation capabilities to support workflows across the company’s global operations. Elvictor said it is currently targeting an initial platform deployment in the fourth quarter of 2026, with broader rollout expected in 2027. The minimum viable product for its AI-enabled crew management platform is also slated for the fourth quarter of 2026.

Leadership Perspective

Chief Executive and Financial Officer Konstantinos S. Galanakis characterized the appointment as arriving at a pivotal point for the company. He said management believes its investments in technology, automation, and AI will meaningfully strengthen how crew management services are delivered and managed, and that Vasilakis’s experience with AI systems, enterprise software, and technology architecture positions Elvictor to execute on those plans.

Vasilakis pointed to the scale of the opportunity as a draw, describing the maritime industry as underserved by modern AI-enabled tools. He said he looks forward to helping turn the company’s vision into products and services for customers, seafarers, and employees.

Forward-Looking Goals and Risks

Beyond the leadership change, Elvictor outlined a set of forward-looking expectations tied to the initiative. The company said it anticipates completing its AI-enabled platform by the end of 2026 and expects operating-cost reductions to begin in the third quarter of 2026, driven in part by planned staff retirements. It also pointed to an anticipated launch of a new corporate website and expressed confidence in its ability to scale crew management operations without a proportional rise in costs or headcount. Elvictor added that it is in discussions with prospective clients in the tanker and bulk carrier segments, while cautioning that the outcome of those talks remains uncertain.

Elvictor described its broader strategy as resting on AI-driven workforce solutions, expansion through mergers and acquisitions, and cost-efficient vessel ownership. The company cautioned that its forward-looking statements are subject to numerous risks, including its ability to deliver the platform on schedule and within budget, to convert prospective client discussions into signed contracts, to recruit and retain qualified technical staff, and to navigate competitive pressures and shifting conditions in the global shipping industry.