APL President Eng Aik Meng Resigns
NOL Group announced the resignation of Eng Aik Meng as President of its APL shipping business. The container transportation and logistics group has named Kenneth Glenn, currently President of its North Asia Region, as his replacement.
NOL said Mr. Eng will leave the company September 1, 2011, to take a new position outside the transportation industry.
"We understand Aik Meng's desire to begin a new phase in his career, and we thank him for his contributions to NOL," said Group CEO Ronald D. Widdows. "At the same time, we are excited to put APL under the direction of a veteran leader who has a very broad background in geographic and trade management and deep commercial skills developed over 32 years, the last 10 with NOL and APL.”
Mr. Eng joined APL in 1993, holding positions in Strategic Planning and as head of its Intra-Asia Trade. He left in 2007, but returned in 2008 as President of APL.
Mr. Glenn is a 32-year industry veteran, who joined APL in 2000. He was the company's top executive in India when it introduced that country's first private freight-rail business, IndiaLinx, in 2007. Since January 2009, he has been North Asia President. Mr. Glenn was the Senior Vice President in charge of APL’s Asia-Europe Trade from 2000 to 2005.
Before joining APL, Mr. Glenn spent 21 years with Sea-Land Corporation in a variety of executive roles, including Vice President of the Asia-Europe and Atlantic Tradelanes and Vice President and General Manager for the former Soviet Union.
In his new role, Mr. Glenn will manage APL's worldwide container transportation business, which includes shipping and intermodal rail operations. He will also have accountability for the company's marine terminals in the U.S., Asia and Europe.
APL is the world's seventh-largest container shipping line. It is a leader in the Intra-Asia and Trans-Pacific trades.
"Every position Ken has held in this company has prepared him to lead APL," said NOL Executive Director Ng Yat Chung, who will become CEO when Mr. Widdows retires from the position 31 December. “We are pleased that we can turn to a skilled, veteran leader inside NOL Group to complete a very quick and seamless transition in this critical role."
NOL said Mr. Glenn and Mr. Eng will begin their transition in the next few weeks.