Holden is New President, CEO of ACL

Monday, January 03, 2005
American Commercial Lines LLC (ACL) announced that Mark R. Holden was selected as President and Chief Executive Officer. Prior to joining the Company, Holden was Senior Vice President and Chief Financial Officer of Wabash National Corporation, where he held various officer-level positions for the past 12 years. In addition to his duties as the Chief Financial Officer, Mr. Holden served on the Board of Directors of Wabash National and in the Office of the Chief Executive Officer. As a member of the Office of the Chief Executive Officer, Mr. Holden oversaw a very successful turnaround and restructuring of the $1 billion industrial company. Prior to joining Wabash National in 1992, Mr. Holden spent 12 years at the international accounting firm of Arthur Andersen. Mr. Holden earned a BA from Ball State University and is a CPA. Richard L. Huber, Chairman of American Commercial Lines LLC’s Board of Managers and Interim Chief Executive Officer said, “We are very pleased to have Mark coming on board as the Company emerges from Chapter 11. Mark’s strong background in the transportation industry coupled with his experience in both turnaround and growth situations provides an ideal complement to the existing management team’s strong focus on execution.” Mark Holden commented, “I am looking forward to working with Norb Whitlock and the rest of the ACL team as ACL emerges from Chapter 11 and regains a strong position in the transportation industry.”

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