CP Ships Strengthens Financial Management

Thursday, December 16, 2004
CP Ships Limited announced a strengthened financial management structure, including new senior positions.

David Auger joined CP Ships as Group Financial Controller. He previously held senior group finance positions in the UK with ICI and Invensys and also worked with PricewaterhouseCoopers. A new position, VP Business Control, has been assumed by David Nicklin, who has held a number of senior financial management positions at CP Ships. In his new role Nicklin oversees internal financial reporting controls across the group, including continuing maintenance of the new SAP financial accounting processes. He will also lead the senior level task force established to review and strengthen financial controls and related business processes.

Both Auger and Nicklin report to Ian Webber as does Iain Torrens, who continues to be responsible for treasury and tax functions.

Another new position, VP Taxation, has been filled by Sarita Sood who is responsible for the group's global tax planning and compliance. Her previous experience was with auditing and financial services advisory firms PricewaterhouseCoopers and KPMG and more recently, senior tax position in the pharmaceutical sector.

Tod Sizemore has joined CP Ships as VP Finance Americas & Asia based in Tampa, Fla., reporting to David Auger. Previously he was VP Finance for CHEP, a leading pallet and container pooling service firm, where he led the implementation of SAP. He succeeds Julie Harte who has assumed the new role of VP Finance Systems Implementation.

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