Mr Gan Chee Yan and Mr Lars Kastrup appointed Co-Presidents & Executive Directors: Strengthened Management Team Charts Path For Sustainable Growth
- Mr Gan currently on the board of Heliconia Capital Management Pte. Ltd., CEI Limited, Surbana Jurong Pte Ltd, ICHX Tech Pte Ltd., Bank of China Fullerton Community Bank
- Mr Kastrup formerly the CEO of NOL/APL and Executive Vice President of CMA CGM Group Strategy and M&A
- Mr S.S. Teo remains as Executive Chairman
Singapore, 6th April 2021 – The Board of Directors of Pacific International Lines (Private) Limited (“PIL”, or “the Company”) have appointed Mr Gan Chee Yen and Mr Lars Kastrup, as Co-Presidents & Executive Directors of PIL, effective from 30th March 2021, highlighting the Company’s commitment to strengthen its management team with globally recognized industry leaders.
Mr Gan and Mr Kastrup bring with them in-depth knowledge of the industry and a wealth of experience, and will join Mr. S. S. Teo, Executive Chairman of PIL in overseeing the Company's overall operations and administration as well as providing advice on business strategy and corporate governance. Prior to their appointments, both have served as advisors to PIL since July 2020.
Mr Gan, possesses decades of local and regional experience in the banking and financial services sector. Mr Gan is concurrently on the boards of Heliconia Capital Management Pte. Ltd., CEI Limited, Surbana Jurong Pte Ltd, ICHX Tech Pte Ltd. and Bank of China Fullerton Community Bank. Formerly, Mr Gan was the CEO of Fullerton Financial Holdings and Co-Chief Investment Officer at Temasek, where he was also Chief Financial Officer, Senior Managing Director for Special Projects and Head of China. Mr Gan also served on the Board of Neptune Orient Lines (NOL) from 2003 to 2005.
Mr Kastrup is a shipping industry veteran with over 30 years of experience. His last appointment was CEO of NOL/APL and Executive Vice President of CMA CGM Group Strategy and M&A. He was former Executive Vice President of Assets CMA CGM Group heading up CMA Terminals, CMA Ships, Container Logistics as well as regional carriers such as MacAndrews, OPDR and Mercosul. Prior to CMA, Mr Kastrup was Vice President in AP Moller – Maersk.
Mr S.S Teo, Executive Chairman, said: “We are delighted that Chee Yen and Lars have accepted our invitation to join the Company’s Board of Directors. I have known them both for many years and PIL has benefitted from their invaluable advice over the past few months, culminating in PIL’s successful restructuring. They are a strong addition to the management team and they have the full measure of my trust. I look forward to working with them as PIL moves forward. They share our vision for a dynamic PIL, and embody the spirit of excellence that is so fundamental to our culture”.
Mr Gan Chee Yen, said: “It is an honour to join the Board and Management team of PIL, and I sincerely appreciate S.S. for the trust he has placed in us. I have every confidence that PIL will emerge from the pandemic stronger, and I’m excited for the opportunity to help lead the company into the next phase of its growth.”
Mr Lars Kastrup added: “PIL has a long and rich history of high customer focus and operational efficiency, and is now well positioned to embark on the path of further sustained developments. I am thankful to the shareholders and Chairman Teo to give me the opportunity to join the PIL leadership team and I am thrilled to be working with the strong PIL global organisation to meet our customers needs of tomorrow”.
##END##
About Pacific International Lines:
Pacific International Lines (PIL) was incorporated in 1967 in Singapore. PIL has developed from a coastal ship-owner in Singapore into the largest carrier in Southeast Asia, with a focus on China, Asia, Africa, Middle East, South America, the Middle East and Oceania. PIL owns and operates a fleet of around 100 container and multi-purpose vessels, serving over 500 locations in more than 90 countries worldwide.