SOURCE: Algeco Scotsman

April 05, 2010 12:00 ET

Algeco Scotsman Promotes COO Duncan Gillis to CEO

Holthaus to Continue as Modular Space Provider's Non-Executive Chairman

BALTIMORE, MD--(Marketwire - April 5, 2010) -  Algeco Scotsman, a leading global business services provider focused on modular space and secure storage solutions, today announced the promotion of Duncan Gillis, age 46, to chief executive officer. Effective immediately, Gillis will assume full responsibility for running the company's global operations and will sit on the Algeco Scotsman board of directors. Gerry Holthaus, former chairman and chief executive officer of Algeco Scotsman, will transition to the role of non-executive chairman where he will manage board-related activities and support the company's geographic expansion plans. 

"Duncan's leadership, strategic planning and operational execution have positioned him well for this anticipated transition. I'm confident in his ability to lead the company as it continues to grow and prosper," said Holthaus. "Duncan's appointment also presents a good opportunity for me to remain engaged with the leadership team on a professional level while personally affording me more flexibility."

"I'd like to thank Gerry for 16 years of service to our company and am looking forward to building upon the foundation created under his leadership," said Gillis. "As we move forward, we will continue with our transformation activities and strategic growth agenda." 

Gillis joined Algeco Scotsman in March of 2009 as chief operating officer, responsible for guiding the implementation of streamlined processes and operating efficiencies across the global organization. Prior to joining Algeco Scotsman, Gillis held several leadership positions with United Technologies Corporation (UTC) in both North America and Asia. Prior to his tenure at UTC, Gillis held positions with Procter & Gamble and McKinsey & Company. Gillis earned a bachelor's degree from Cornell University, after which he served as an infantry officer in the U.S. Army before returning for his master's degree in business administration from Cornell. 

About Algeco Scotsman
Algeco Scotsman is a leading global business services provider focused on modular space and storage solutions. Operating as Williams Scotsman in North America and Algeco in Europe, the group manages a fleet of more than 343,000 units, with operations in Belgium, Canada, China, Czech Republic, Estonia, Finland, France, Germany, Italy, Lithuania, Luxembourg, Mexico, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Spain, United Kingdom and United States. The company's legacy is grounded in its reputation for exceptional customer service, effective management of business operations and consistent product innovation. Algeco Scotsman's global presence combined with its local market expertise provides exemplary service tailored to meet the unique needs of customers throughout the world.

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