See story below: Wal-Mart to Replace CEO Scott
Seabury Aviation & Aerospace Asia, Hong Kong, a subsidiary of Seabury Group, named David Turnbull chairman. Turnbull, is currently and will remain executive chairman of Pacific Basin Shipping. Prior to joining Pacific Basin, he was a director of Allco Finance Group, (Hong Kong). Ian O. Malin has joined as vice president of Seabury Asia. Malin has over eight years of asset finance and leasing experience at Allco.
CargoWise edi, named Andrea Robinson business development manager for the United Kingdom. Robinson has 21 years of experience in the freight forwarding software industry, and most recently worked for Vixsoft Systems supporting their SAD-H (harmonization) requirements for both imports and exports.
Ports America, Islelin, N.J., appointed Nasir Khan chief development officer. Prior to joining Ports America, Kahn served as director of infrastructure and energy finance at Citigroup in New York, where he led the company's financing and transportation sector projects in the Americas. He also held other senior positions with the company including serving as the director and regional head of IEF at its Sydney, Australia, office.
Vocollect, Pittsburgh, a voice-based technology provider, named Joe Pajer president of its supply chain business. Pajer has over 20 years experience in the technology industry, and has held senior executive positions with the former Marconi and FORE Systems, Compaq Computer and AT&T Consumer Products.
ACT Research, Columbus, Ind., a data, market analysis and forecasting firm for the commercial vehicle industry, hired John P. Burton as vice president for the transportation sector. Burton has 25 years of experience in strategic marketing and sales, and most recently served as vice president of marketing and external affairs at SCS Transportation.
SMC3, Atlanta, appointed Kelley F. Petty to the new position of manager within its industry and educational services group. Petty most recently served as marketing and events manager for Capgemini.
Freightliner Trucks, Portland, Ore., appointed Rich Ferguson vice president of sales. Ferguson, who will lead sales efforts in the United States and Canada, most recently served as president of Daimler Truck Remarketing, formerly FMDC, and SelecTrucks of America.
NationLease, Oakbrook Terrace, Ill., announced its 2009 officers and board of directors. The newly appointed officers are: Tom Brown of Brown NationaLease, who will continue to serve as chairman; Vice Chairman Mark Siegal, Edart NationaLease; President Doug Clark of NationaLease; Secretary Jerry Kress of Carmenita Leasing; and Treasurer Bill Brown of LeRoy Holding. Serving as NationaLease directors are Jim Airoldi, Airoldi Brothers NationaLease; Paul DeCarolis, DeCarolis Truck Rental; Bill Hicks, FirstLease; Justin Johnston, Suppose-U-Drive; and Jack Zolomy, Interstate NationaLease. Bill Ilett and Elmer Pierson are directors at large.
The Intermodal Transportation Institute at the University of Denver elected two new transportation industry veterans to its board of directors, Michael J. Burns, president of Comtrak Logistics, and Christopher J. Connors, president of Wallenius Wilhelmsen Logistics Americas and CEO of WWL Vehicle Services Americas.
Wal-Mart to Replace CEO Scott
Logistics is an important rung on the corporate ladder at Wal-Mart Stores.
The nation's largest retailer will replace its current CEO and former logistics chief, H. Lee Scott Jr., with Michael T. Duke, president of Wal-Mart International and also a former logistics executive, effective Feb. 1.
Wal-Mart also promoted Eduardo Castro-Wright, president of Wal-Mart U.S., to vice chairman of Wal-Mart Stores and placed him in charge of procurement, effective immediately.
No reason was given for Scott's replacement. He will continue to serve as chairman of the executive committee of Wal-Mart's board.
Wal-Mart has bucked the economic slowdown that's choking many retailers, reporting a 10 percent boost in profits in the third quarter as consumers search for bargains.
Duke's appointment may signal greater emphasis on overseas expansion at Wal-Mart. Under Duke, the retailer's international business has expanded to more than 3,200 stores in 14 markets outside the continental United States. The international unit posted an 11 percent gain in profit in the third quarter, compared with 7 percent in the United States.
Duke joined Wal-Mart in 1995 after 23 years with Federated Department Stores and Mays Department Stores.
The move ends the almost nine-year reign of Scott, who led Wal-Mart's charge into sustainability initiatives such as packaging reduction, improving energy efficiency and targeting the elimination of defective product returns by 2010.
Scott could be called the most successful former logistics executive in the United States. He rose from the freight terminal to the executive suite at Wal-Mart.
He left LTL trucking company Yellow Freight, now part of YRC Worldwide, to join the retailer in 1979 as an assistant director in its logistics division. He was promoted to vice president of logistics in 1993 and executive vice president of merchandise in 1995.
Scott became president and CEO of Wal-Mart Stores' U. S. division in 1998, chief operating officer and vice chairman in 1999, and president and CEO in 2000.