News

TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
ISIN: ZAE000007506
(“Trencor”)

PHILIP BREWER, PRESIDENT AND CEO OF TEXTAINER, RETIRES AND OLIVIER GHESQUIERE PROMOTED TO PRESIDENT AND CEO

We draw attention to the following extract from a news release issued by Textainer Group Holdings Limited, in which Trencor has a 48% interest:

“Hamilton, Bermuda, August 13, 2018 – Textainer Group Holdings Limited (“TGH”, “Textainer” and the “Company”) one of the world’s largest lessors of intermodal containers, today announced that after 22 years of dedicated service to Textainer, Philip K. Brewer, the Company’s President and Chief Executive Officer, has retired.

As part of the succession planning process, the Board of Directors of TGH is pleased to announce that it has appointed Olivier Ghesquiere, currently Executive Vice President – Leasing, to be the President and CEO of TGH effective Monday, August 13, 2018.  Mr. Ghesquiere will also be appointed to the Company’s Board of Directors as a Class II director.

Mr. Brewer has served as Textainer’s President and CEO since September 2011.  He joined Textainer in 1996 and held positions responsible for finance, risk management and resale prior to his tenure as CEO.

Mr. Ghesquiere joined Textainer in December 2015 as Senior Vice President for Sales and Marketing and was promoted to Executive Vice President-Leasing in January 2017.  He previously worked at Groupe Ermewa S.A. as Chief Executive Officer where he was responsible for growing the railcar and locomotive fleet to become the second largest in Europe. Prior to Groupe Ermewa S.A., he was the Managing Director for Eurotainer S.A. where he developed their tank container business and served as vice chairman and chairman of the International Tank Container Organization (ITCO) leasing committee.

Hyman Shwiel, Chairman of TGH, commented, “The Board of Directors and Textainer’s employees thank Mr. Brewer for his many years of dedicated service and leadership to the Company, during which time Textainer has grown to be one of the largest lessors of intermodal containers.  We wish him the best of luck in his well-deserved retirement and will always consider him a valuable member of the Textainer family.  Mr. Ghesquiere has been a part of the Textainer Executive Management Team for the last two years and has proven to be a talented leader.  The Board of Directors is confident in his successful transition to President and CEO.”

The full text of the Textainer press release can be accessed on its website at:
http://investor.textainer.com/news-releases/news-release-details/philip-brewer-president-and-ceo-textainer-group-holdings-limited”

Trencor Services Proprietary Limited
Secretaries
13 August 2018

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