The New York Shipping Exchange (NYSHEX), the container shipping industry’s solution for digital and enforceable freight contracting, has announces the appointment of new members to its board of directors and launch of the governing NYSHEX Member Council.
This announcement follows the Federal Maritime Commission
’s (FMC) December 2, 2017 approval of the NYSHEX governance model. NYSHEX now ushers in a fair, transparent and compliant process to ensure the interests of members are incorporated into the operation of the exchange.
"With this we add four industry representatives to the NYSHEX board of directors, two seats filled by shipper members (BCOs or NVOCCs) and two by carrier members. The NYSHEX board consists of nine directors who are overall responsible for the oversight of the exchange," said a press release.
The four industry representatives who join the NYSHEX board of directors are: Bjorn Jensen, VP Global Logistics for Electrolux, Jochen Gutschmidt, Head of Global Procurement at Nestlé, Nick Fafoutis, SVP of Sales and CCO of CMA CGM America
and Donald Davis, SVP of Sales and Customer Service for Hapag-Lloyd in North America.
The board is supported by the NYSHEX Member Council whose role is to propose recommendations or changes to NYSHEX operations, processes, and technology. The NYSHEX Member Council is designed to consist of leaders from the shipping industry - three BCOs, three NVOCCs, and three Carrier representatives.