CAI International, Inc. Announces the Passing of Its Founder and Chairman, Hiromitsu Ogawa
December 21 2017 - 8:30AM
Business Wire
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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version on businesswire.com: http://www.businesswire.com/news/home/20171221005442/en/
CAI International, Inc.Tim Page, 415-788-0100Chief Financial
Officertpage@capps.com
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