Hilliard Terry, EVP & Chief Financial Officer of Textainer Group Holdings Limited to Depart & Michael Chan to Be Promoted to ...
September 13 2018 - 4:15PM
Business Wire
Textainer Group Holdings Limited (NYSE:TGH) (“Textainer”), one
of the world’s largest lessors of intermodal containers, today
announced that effective September 30, 2018, Hilliard C. Terry,
III, the Company’s Executive Vice President and Chief Financial
Officer, will leave the Company to pursue other opportunities
outside the industry. At that time, Michael K. Chan, currently the
Company’s Senior Vice President of Finance, will be promoted to
Executive Vice President and Chief Financial Officer.
Mr. Terry joined Textainer in January 2012 as Executive Vice
President and CFO. He previously worked at Agilent Technologies,
Inc. as Vice President and Treasurer. Mr. Chan re-joined Textainer
in April 2017 from Ygrene Energy Fund where he served as CFO and
was responsible for raising nearly $1 billion in capital for the
residential and commercial clean energy lender. Mr. Chan previously
was Senior Director of Treasury and Capital Markets for The Cronos
Group, a global intermodal container leasing company, and he held
the CFO position for The Chartres Lodging Group. Mr. Chan was
Textainer’s Corporate Controller from 1994 through 2006. Mr. Chan
is a member of the American Institute of Certified Public
Accountants (AICPA).
“I wish to thank Hilliard for his many contributions to
Textainer over the past seven years and wish him the very best in
his future endeavors,” said Olivier Ghesquiere, President and Chief
Executive Officer of Textainer. “Textainer has greatly benefited
from Hilliard’s extensive public company experience, as well as his
strong treasury and investor relations capabilities especially
during the numerous asset-backed note and bank loan transactions
undertaken during his tenure.”
Mr. Chan returned to Textainer seventeen months ago after
gaining significant experience as CFO and in senior finance roles
in several industries. “Michael’s prior CFO experience coupled with
his 12 years of experience at Textainer earlier in his career and
tenure with Cronos, another leading container lessor, has allowed
him to seamlessly transition back into Textainer over the past year
and has prepared him well for his new CFO role. Over the past year,
Michael and Hilliard have worked together on nearly $3 billion of
financing transactions and we are confident that Hilliard is
leaving Textainer in a sound financial position and with a capable
successor in Michael Chan,” said Mr. Ghesquiere.
About Textainer Group Holdings Limited
Textainer has operated since 1979 and is one of the world’s
largest lessors of intermodal containers with approximately
3.4 million TEU in our owned and managed fleet. We lease
containers to approximately 300 customers, including all of the
world’s leading international shipping lines, and other lessees.
Our fleet consists of standard dry freight, dry freight specials,
and refrigerated intermodal containers. We also lease tank
containers through our relationship with Trifleet Leasing and are
the primary supplier of containers to the U.S. Military. Textainer
is one of the largest and most reliable suppliers of new and used
containers. In addition to selling older containers from our lease
fleet, we buy older containers from our shipping line customers for
trading and resale. We sold an average of more than 130,000
containers per year for the last five years to more than 1,400
customers making us one of the largest sellers of used containers.
Textainer operates via a network of 14 offices and more than 500
independent depots worldwide.
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version on businesswire.com: https://www.businesswire.com/news/home/20180913005260/en/
Textainer Group Holdings LimitedHilliard C. Terry, III, +1
(415) 658-8214Executive Vice President and Chief Financial
OfficerorMichael K. Chan, +1 (415) 658-8261Senior Vice
President, Financeir@textainer.com
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