Maher Terminals Appoints New President and CEO

The Board of Directors of Maher Terminals, LLC, one of the largest multi-user container terminal operators in North America, today announced the appointment of Gary Cross as President and Chief Executive Officer. Mr. Cross accepts overall responsibility for Maher's corporate vision, strategy, growth and service model.

"Gary rapidly rose to the top as the most appropriate choice to lead the Maher organization forward with his impactful leadership and experience," said Mr. Enrico Sanna, Head of Operating Assets at Deutsche Bank. "On behalf of the Board of Directors, I am pleased to announce the conclusion of our extensive search and I want to commend the Executive Search Committee for the integrity of this very important selection process."

Mr. Cross joined Maher in 1978 as a management trainee in the Safety Department and has held positions of increasing responsibility throughout his tenure with the company. He joined the Sales and Marketing team in 1996, eventually becoming head of Marketing & Business Development in 2009.

Most recently, Mr. Cross was promoted to Executive Vice President in 2011. Under his marketing leadership, Maher realized steady growth in its container business at its terminal in Port Elizabeth and a new terminal in Prince Rupert, British Columbia, Canada. Mr. Cross has been instrumental in developing the "Maher Service Model" which has contributed significantly to the organization's growth and competitive positioning.

Mr. Sanna added, "Gary has been a valuable member of the Maher team and we are confident that he will provide the organization with the right leadership at this important stage in the company's growth."