CMA CGM (America) LLC Confirms Leadership Team

CMA CGM (America) LLC, the U.S. entity of CMA CGM Group, the world's third largest shipping company, recently announced the membership of its executive management team that leads the company's U.S. operations. The executive team is responsible for developing and implementing new strategies to address the evolving transportation industry, and growing the company's international cargo volumes to historic levels despite a highly competitive marketplace.

"Every year presents a new set of challenges in our industry, and 2008 will be no different. As an organization, we have grown and learned from our experiences and have managed to provide a sustainable level of quality service to our customers during this constant state of change," said Frank J. Baragona, president of CMA CGM (America) LLC. "The entrepreneurial spirit of the leadership team combined with their level of experience has provided the company with new and innovative solutions to challenges. We are staying focused on the customer and raising our level of service quality and value. With year-over-year of double digit growth expected to carry into 2008, CMA CGM (America) LLC is poised to continue to raise our brand awareness, expansion, and our competitive position in the strategic U.S. market."

The executive team consists of:

• Frank J. Baragona
  President – Mr. Baragona has a 30-year proven successful management record in the global containerized shipping industry. In less than four years as president, he has transformed the organization's effectiveness and driven the exponential growth the company has seen since 2004. Prior to joining CMA CGM (America) LLC, he held various senior leadership positions at CSX's global container shipping unit, Sea-Land Service, Inc., Lykes Bros. Steamship Co., and Delta Steamship Lines.

• Susan A. Hatchard
  Senior Vice President, Sales, Trade, and Marketing
  Chief Commercial Officer – With over 26 years of expertise, Ms. Hatchard is responsible for CMA CGM (America) LLC's brand, image, and commercial results in North America. In her 7-year career with the company, she has been fundamental to the company's extraordinary growth, expansion of its client base and improved service to its customers. She has recruited an exceptional commercial team who has contributed to the growth and success of the company. Prior to joining the company, Ms. Hatchard held senior level positions with FedEx, Sea-Land Service, Inc. and Buyers Consolidators in various sales, operations, and third party logistics positions.

• Joel Haka
  Senior Vice President and Chief Operating Officer – In his role with CMA CGM (America) LLC, Mr. Haka calls upon a 28 year track record of success to manage the company's Marine Operations, Equipment Control, Import and Export Customer Service Documentation, Truck and Rail Operations, and Maintenance & Repair departments for the company's operations in North America. His previous experience includes work with P & O Nedlloyd, Sea-Land Services, Inc., CSX Intermodal, Maersk-Sealand and Maersk Logistics.

• James B. Arnold
  Senior Vice President and Chief Financial Officer – Mr. Arnold is responsible for all aspects of finance and accounting for CMA CGM (America) LLC's North American operations. He is committed to driving continued profitable growth for the company by strategically managing the company's financial performance and streamlining financial business processes. His pervious experience includes work with AmeriCold Logistics, AT&T, and Cable & Wireless

• Mary Ellen Russell
  Vice President, Human Resources – In her current position, Ms. Russell is responsible for improving organizational effectiveness, and positioning CMA CGM (America) LLC as a worldwide leader by driving strategic and tactical human resources goals to support the company's growth initiatives and human capital performance. Ms. Russell has a solid history of work performance that includes leadership positions with Jevic Transportation, CoreStates Financial Services, and the Vanguard Group.

• Marc G. Marling
  Vice President and General Counsel – As an accomplished maritime attorney, Mr. Marling leverages his expertise to guide the Marine Claims, Service Contracts, and Bids departments of the company. His team also provides legal support for all aspects of company operations in the United States. Before joining CMA CGM (America) LLC, he practiced maritime law with Hunter Maclean Exley & Dunn, P.C. and Lamorte Burns & Co., Inc.

"We continue to ensure that CMA CGM (America) LLC is a customer focused organization with a best-in-class management team to capitalize on the growth opportunities for the company in the U.S. market," said Susan A. Hatchard, senior vice president, sales, trade, and marketing, and chief commercial officer for CMA CGM (America) LLC. "This team reflects the best combination of strengths needed to ensure our company's success and better serve the company's U.S. customers."

On January 1, 2008, the company also changed its legal name from CMA CGM (America) Inc. to CMA CGM (America) LLC. This modification reflects a change in the company's tax and accounting structure.

About CMA CGM (America) LLC
Headquartered in Norfolk, Virginia, CMA CGM (America) LLC is the U.S. agent of France-based container shipping giant CMA CGM. The company provides 16 services in and out of North America, and offers a global network to over 150 countries around the world. For more information, please visit www.cma-cgm.com/usa.

About CMA CGM
Led by its founder Jacques R. Saadé, CMA CGM is currently the world's third largest container shipping Group and is ranked number one in France. Operating a fleet of 377 vessels, including 101 company-owned, the Group serves over 400 ports around the world. In 2007, it carried more than seven million TEUs (twenty-foot equivalent units). With a presence on all continents and in 150 countries through its network of 600 agencies, the Group employs 16,000 people worldwide. For more information, please visit www.cma-cgm.com.

SOURCE: CMA CGM (America) LLC