Seaco Srl, a company with roots to the founding of the shipping container leasing industry and now one of the world’s largest and most diversified shipping container Lessors, today announced the appointment of Jeremy Matthew as Group CEO and Paul Merritt as Group COO.

Jeremy Matthew, the group’s current CFO will take over as CEO with immediate effect and will be supported by Paul Merritt, currently Senior VP Sales, Marketing and Products, who has been elevated to the position of COO. Mr Matthew has 25 years experience in the financial industry with the last 10 years spent in the equipment leasing market in Europe and Asia. Mr Merritt has 31 years of industry experience with the last 20 years spent at Seaco Srl.

Bharat Bhise representing the Seaco board, commented, “When we aqcuired Seaco in December 2011 we recognised we were also securing an outstanding management team which is why it was such an easy decision to transition leadership from within that team as a consequence of Mr Amble’s retirement. We are confident that Jeremy is the right man to take Seaco forward as we continue with our vision and ambition to become the most valued container lessor by our customers and vendors.”

Seaco has approximately 1,000,000 TEU of equipment serving the dry freight, Reefer, Tank and and Dry Freight special container markets with a global footprint of 22 sales and support offices globally and a depot network in 112 cities around the world.