SOURCE: Algeco Scotsman

Algeco Scotsman

August 02, 2011 10:06 ET

Algeco Scotsman Appoints Thomas Kloster to Chief Financial Officer

Seasoned Finance Executive Assumes Responsibility of Financial Operations for Global Company

BALTIMORE, MD--(Marketwire - Aug 2, 2011) - Algeco Scotsman, a leading global business services company focused on modular space and storage solutions, today announced the appointment of Tom Kloster to chief financial officer.

As CFO, Kloster will assume responsibility for implementing select Algeco Scotsman strategic initiatives and strengthening the global finance organization. He will report directly to Duncan Gillis, chief executive officer of Algeco Scotsman. Together with Algeco Scotsman's financial team, as well as the operating unit leaders, Kloster will work to secure and fortify the organization's international financial capabilities across its 26 countries of operation.

"Tom's expertise, specifically with multi-national organizations, makes him a valued addition to the Algeco Scotsman leadership team," said Gillis.

With more than 20 years' experience Kloster brings a wealth of knowledge to his new position. Kloster most recently served as the CFO for Primus Telecommunications Group, Inc. While there he oversaw all financial aspects of this $1 billion publicly traded multi-national telecommunications company and completed multiple public debt offerings as well as an initial public offering (IPO). Kloster was responsible for making strategic decisions that included capital allocation, capital structure, fund raising and acquisition as a member of the executive management team. Prior to Primus, Kloster held positions of increasing responsibility at Sprint and MCI.

Kloster began his career as a public accountant serving clients for more than 10 years at Ernst & Young (E&Y) and PriceWaterhouseCoopers (PWC). Kloster holds a bachelor's degree in business administration from the University of Texas, Austin.

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, Algeco in Continental Europe and Elliott in the United Kingdom, the company manages a fleet of more than 300,000 units, with operations in Austria, Belgium, Canada, China, Czech Republic, Estonia, Finland, France, Germany, Hungary, Italy, Lithuania, Luxembourg, Mexico, Netherlands, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, United Arab Emirates, United Kingdom and United States. The company's reputation is grounded in 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.