American Commercial Lines Announces New Leadership

Monday, August 01, 2011


American Commercial Lines Inc. (ACL), one of the largest and most diversified inland marine transportation and service companies in the United States, announced today the appointments of Mark Knoy as President and Chief Executive Officer and David Huls as Senior Vice President and Chief Financial Officer.

Industry veteran Mark Knoy, 52, is joining ACL following a seventeen year career at AEP River Operations, LLC, a subsidiary of American Electric Power Co., Inc., where he spent the last ten years serving as President. Under Mr. Knoy's leadership AEP River Operations grew to become one of the nation's largest and most successful barge lines.

Louis Samson, who led the acquisition of ACL for Platinum Equity in December of 2010, commented: "We are excited to have Mark join the team and help write a new chapter in the history of ACL -- his track record speaks for itself."

"Mark brings to ACL many years of profitable growth on the inland waterways," said Bryan Kelln, President of Portfolio Operations at Platinum Equity. "Throughout his career he has demonstrated the ability to lead organizations to very high levels of financial and operational performance."

Under Mr. Knoy's leadership AEP River Operations grew from a captive subsidiary operating with relatively limited assets into a diversified industry leader with a fleet of 3,300 barges that transport over 80 million tons of commodities annually.

ACL operates a transportation fleet of more than 2,400 barges as well as the largest single-site inland shipbuilding and repair facility in the United States.

Mr. Knoy stated: "I'm honored to be taking the helm of a market leader with such a strong heritage and a deep portfolio of assets." He added: "Platinum is fully committed to ACL's success and I am excited to partner with them and with my new ACL teammates to help guide the company into the future -- it's a tremendous opportunity to create value."

Mr. Knoy is coming to ACL with a lifetime of experience in the marine transportation industry after starting in the industry over 30 years ago.

"We operate in a niche industry in which relationships are of paramount importance. I bring to ACL intimate industry knowledge and decade-long customer and vendor relationships. This business is in my blood and I know what it takes to succeed."

Mr. Knoy currently serves as a Director of the US Army Corps of Engineers' Inland Waterways Users Board; is on the Board of Trustees for the Coast Guard Foundation and The Seamen's Church Institute; serves as Vice Chairman of the National Waterways Foundation; is a board member for the H.T. Pott Inland Waterways Library at the University of Missouri - St. Louis; and is Treasurer of the Marine Transportation Council.

Mr. Knoy will succeed Mike Ryan who stepped down from his President and Chief Executive Officer position last week. Paul Bridwell, Chief Restructuring Officer, will act as Interim Chief Executive Officer until Mr. Knoy begins on August 18, 2011.

Mr. Samson said Mr. Ryan has been instrumental in positioning ACL for growth. "Mike successfully led ACL through an important and challenging period in the Company's evolution and we are very thankful for his important contributions," said Mr. Samson.

Mr. Huls, 45, will be joining ACL as Senior Vice President and Chief Financial Officer after having served as President and Chief Financial Officer at PBH Marine Group, LLC, a leader in the marine industry also owned by Platinum Equity.

"David is a seasoned executive with a strong financial background and a deep understanding of business operations," said Mr. Kelln. Mr. Samson added: "Having worked closely with David for over two years we know he is extremely capable and will be a strong asset to ACL's management team."

Brian McDonald, Interim Chief Financial Officer, will continue in that role until Mr. Huls begins on August 29, 2011.

About American Commercial Lines

American Commercial Lines Inc. is an integrated marine transportation service company owned by Platinum Equity and operating in the United States Jones Act trades. The Company is headquartered in Jeffersonville, IN, has approximately 2400 employees and operates a fleet of approximately 130 tow boats and 2,400 barges. The Company is the direct parent of Commercial Barge Line Company. For more information about American Commercial Lines Inc. visit www.aclines.com.


Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MHI to Change Name of Group Company

Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd.

Petrobras P-66 Platform Module to Boost Production

The P-66 platform’s first modules, built at the Tomé Ferrostaal Consortium’s Module Plant located at the Port of Maceió, Alagoas, are now ready and loaded on the São Tomé barge.

Exmar Optimistic About Gas Carrier Market into 2015

Belgian gas shipping group Exmar said on Thursday that the market for its very large and midsize gas carriers was at historically high levels in the third quarter

Barges

Petrobras P-66 Platform Module to Boost Production

The P-66 platform’s first modules, built at the Tomé Ferrostaal Consortium’s Module Plant located at the Port of Maceió, Alagoas, are now ready and loaded on the São Tomé barge.

Kirby Corp. Announces Record 3Q Results

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability.

Bouchard Wins Industry Safety Award

Bouchard Transportation Co., Inc., an independently-owned oceangoing petroleum barge company, received the 2014 AMS Tug & Barge Safety Award from the American Maritime Safety, Inc.

Coast Guard

USCG Cutter Diligence Returns

The crew of Coast Guard Cutter Diligence returned to Wilmington following a 45-day patrol in the Caribbean Sea. While on patrol, Diligence served as the

Partnerships Key to Caribbean Maritime Security

Planning and execution of port and maritime safety and security in Caribbean region is all about partnerships Maritime security and safety experts are meeting in Nassau,

USCG Suspends Search for the 2 Migrants

The Coast Guard suspended its search Wednesday at 3 p.m. for two missing Cuban migrants in the vicinity of Caesar Creek, Florida, to Haulover Inlet, Florida.

People in the News

Marine Renewable Energy Testing Facility in Singapore Mooted

ClassNK has launched of a feasibility study for a new marine renewable energy testing facility to be built in Singapore. The announcement was made at the 2014

Rep. Cummings Receives Maritime Service Award

On Wednesday, October 29, Congressman Elijah E. Cummings (D-MD) delivered keynote remarks at APL Maritime’s Senior Management Conference, and received an award

LA Governor Jindal Appoints Bollinger's Barker

Louisiana Governor Bobby Jindal appointed James "Ray" Barker to the Louisiana Workforce Investment Council. Barker, of Raceland, is the Director of Human Resources at Bollinger Shipyards, Inc.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1540 sec (6 req/sec)