CP Ships anoints Halliwell as CEO

CP Ships anoints Halliwell as CEO

As expected, the board of CP Ships Ltd. officially appointed Ray Miles as chairman and Frank Halliwell as chief executive following the company's annual meeting Tuesday.

Miles had been chief executive since 1988 and Halliwell chief operating officer since 2001.

Former Chairman Lord Weir has been appointed lead independent director. Ian Webber continues as chief financial officer.

Shareholders of the London-based company approved a change in the by-laws and the board agreed to extend for a further year the terms of Weir and John McNeil beyond the normal retirement date for non-executive directors of 70 years.

The CP Ships board now consists of the chairman, six independent directors and two executive directors, all of whom have served since the company was first publicly listed in October 2001.