Unified Marine Restructures; Strengthens SeaSense Brand
Unified Marine Announces Restructuring of Operations, Including Major Staff Appointments; Moves Designed to Strengthen Leadership of the Company’s SeaSense Brand. Leading marine accessories manufacturer Unified Marine, maker of the renowned SeaSense® brand, has announced a major restructuring of its operations. The moves are designed to reduce operating costs, and improve product quality and customer service to its distributor, retailer and end-user customers. As part of the restructuring, Unified Marine will relocate its distribution center from Newport, Tenn., to a new location in Florida’s Naples-Fort Myers area. “We want to bring our warehousing and distribution operations back to Florida in closer proximity to our research and development facility in Bonita Springs…
Holden is New President, CEO of ACL
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.
ACL Plan of Reorganization Confirmed
The United States Bankruptcy Court, Southern District of Indiana, New Albany Division confirmed the Plan of Reorganization for American Commercial Lines LLC and its affiliated debtors. ACL and its affiliated debtors, including American Commercial Barge Line LLC and Jeffboat LLC, filed for Chapter 11 protection on January 31, 2003. Richard L. Huber, Chairman and Chief Executive Officer of ACL said "We are extremely pleased to complete this reorganization process. The implementation of our Plan of Reorganization provides the best possible recovery for our creditors and ensures the Company's future viability. Our efforts are now focused on completing the steps required to emerge from Chapter 11 on January 10…
