SAN FRANCISCO--(BUSINESS WIRE)--Jan. 9, 2018--
CAI International, Inc. (CAI) (NYSE: CAI), one of the world’s leading
transportation finance and logistics companies, today announced that the
Board of Directors has appointed David Remington as its Chairman of the
Board of Directors.
On January 8, 2017, the Board of Directors of CAI appointed David
Remington as the new Chairman of the Board, effective immediately. Mr.
Remington has served as a CAI director since 2010, is the current
Chairman of the Audit Committee, and was previously the Chairman of the
Nominating and Corporate Governance Committee. Beyond his significant
CAI experience, Mr. Remington has extensive leadership experience,
having been an investment banking Managing Director of Dean Witter and
President of Steiner Financial Corporation, an equipment leasing
company. Mr. Remington has a BS in Electrical Engineering from the
University of California at Berkeley, and an MBA from Harvard Business
School. He has previously served on four business and non-profit boards.
Victor Garcia, CAI’s Chief Executive Officer, commented, “I am excited
that we have nominated Dave Remington as our Chairman. During his years
as a Board Member, Dave has shown great insight into the leasing
business and has had strong input in CAI’s strategy. Dave has been the
Chairman of the Audit Committee and has served on all of our committees
during his tenure on the Board and thus he has great insight into the
operations of the company.”
David Remington, CAI’s Chairman of the Board, commented, “I am pleased
to serve in this new leadership role, having previously worked closely
with senior management and our former Chairman in setting CAI’s business
plan and strategy. We expect to continue on the same fundamental
strategic path and I will work closely with management in making sure we
are executing on behalf of our shareholders.”
About CAI International, Inc.
CAI is one of the world’s leading transportation finance and logistics
companies. As of September 30, 2017, CAI operated a worldwide fleet of
approximately 1.3 million CEUs of containers, and owned a fleet of 6,795
railcars that it leases within North America. CAI operates through 24
offices located in 14 countries including the United States.
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Source: CAI International, Inc.
CAI International, Inc.
Tim Page, 415-788-0100