CAI International, Inc. Announces the Passing of Its Founder and Chairman, Hiromitsu Ogawa
SAN FRANCISCO--(BUSINESS WIRE)--Dec. 21, 2017--
CAI International, Inc. (CAI) (NYSE: CAI) today regretfully announced
the passing of its founder and Chairman, Hiromitsu (“Hiro”) Ogawa on
December 20, 2017. Mr. Ogawa founded CAI in 1989 and has acted as its
Chairman since the initial public offering in 2007, at which time he
resigned his executive role as Chief Executive Officer.
Victor Garcia, CAI’s President and Chief Executive Officer, said, “It is
with the deepest regret that I am announcing the passing of Hiromitsu
Ogawa. Hiro founded CAI by utilizing all of his personal resources and
from early on had the vision to make CAI into one of the largest
container leasing companies in the world. His entrepreneurial spirit and
commitment to serving customers is ingrained in the culture of the
company. We will be forever grateful to Hiro for his instrumental role
in CAI’s vision and success. He is an eternal friend and mentor to all
of us at CAI.”
While CAI will greatly miss Mr. Ogawa and his presence at the company,
the Board of Directors has been planning for a succession to Mr. Ogawa’s
roles as Chairman and member of the Board of Directors. CAI will be
announcing the new Chairman at a later date.
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