Horizon Lines Announces Organization Changes and Senior Management Promotions
CHARLOTTE, NC (August 13, 2007) Charles G. (Chuck) Raymond, Chairman, President and Chief Executive Officer of Horizon Lines, Inc. (NYSE: HRZ), announced today several organization changes, key executive promotions and a realignment of senior management responsibilities.
Effective September 1, 2007, Horizon Lines, Inc. is structuring its transportation and logistics operations under two wholly owned subsidiaries, Horizon Lines, LLC, and Horizon Logistics, LLC.
Horizon Lines, LLC will continue as the nation’s leading Jones Act container shipping company, with a fleet of 21 U.S.-flag vessels and service routes linking the continental United States with Alaska, Hawaii, Guam, Micronesia and Puerto Rico.
Horizon Logistics, LLC is being established to manage the Company’s growing integrated logistics services, including rail, trucking and distribution operations, in addition to Horizon Services Group, an organization with a diversified offering of transportation management systems and customized software solutions being marketed to shippers, carriers, and other supply chain participants.
As a result of the business reorganization, Horizon Lines will make the following executive promotions and realign senior management responsibilities. John Keenan will serve as President, Horizon Lines, LLC. In his new role, Mr. Keenan will be responsible for all core ocean transportation services in the Alaska, Hawaii, Guam, Micronesia and Puerto Rico markets.
These responsibilities will include all port, terminal and vessel operations, sales and marketing, and service delivery functions. Mr. Keenan joined the Company in 1983 and has held numerous senior leadership positions in both sales and operations, including his most current role of Senior Vice President and Chief Transportation Officer of Horizon Lines, Inc. He holds a B.E. in Marine Engineering from the State University of New York Maritime College at Fort Schuyler and an M.B.A. from the University of Tennessee.
Mr. Keenan will continue to be based in Dallas. Brian Taylor will serve as President, Horizon Logistics, LLC, a new, wholly owned subsidiary of Horizon Lines, Inc. focused on integrated logistics services.
Mr. Taylor’s responsibilities will include growing the Company’s logistics services capabilities and businesses, including rail, truck and distribution operations, in addition to Horizon Services Group, the Company’s technology subsidiary. Mr. Taylor has more than 23 years of service with the Company and has held several senior leadership positions, including Vice President and General Manager of our Puerto Rico and Hawaii / Guam trade lanes and General Manager of Buyers and Shippers Consolidated, BSE, Hong Kong, an affiliate of a predecessor company, Sea-Land Service, Inc.
He has been in his most recent position of Senior Vice President, Sales and Marketing, since February 2006. He received his B.A. and M.B.A. in Business and Financial Management from Concordia College. Mr. Taylor will continue to be based in Charlotte, N.C. John Keenan and Brian Taylor, along with Mark Urbania, Executive Vice President and Chief Financial Officer, and John Handy, Executive Vice President, will report to Chuck Raymond, Chairman, President and Chief Executive Officer of Horizon Lines, Inc.
“This change in organizational structure allows us to stay focused on our core Jones Act transportation operations while at the same time provides for the future growth and development of our fully integrated logistics services,” said Mr. Raymond. “I believe that these promotions and realignment of management responsibilities position Horizon Lines to significantly grow our business and achieve exceptional results for our shareholders.
Both John Keenan and Brian Taylor bring a tremendous amount of experience, dedication and passion to their new roles and their leadership is well respected by the rest of our organization and within the industry.
“As the above appointments demonstrate, in addition to facilitating the growth and progress of Horizon Lines, the changes we are making will allow us to provide important growth opportunities for some of our most accomplished leaders. These changes will also allow us to be more flexible in servicing our customers’ transportation and logistics needs so we remain a company that is Always There, Always Delivering.”
About Horizon Lines Horizon Lines, Inc. is the nation’s leading Jones Act container shipping and integrated logistics company with a fleet of 21 U.S.–flag vessels and service routes linking the continental United States with Alaska, Hawaii, Guam, Micronesia and Puerto Rico.
A fully integrated service provider of ocean transportation, trucking, terminal and warehousing operations, Horizon Lines also owns Horizon Services Group, an organization with a diversified offering of transportation management systems and customized software solutions being marketed to shippers, carriers, and other supply chain participants.
Horizon Lines, Inc. trades on the New York Stock Exchange under the ticker symbol HRZ. Forward-Looking Statements The information contained in this press release should be read in conjunction with our filings made with the Securities and Exchange Commission.
(From Horizon Lines)
