Zim Integrated Shipping Services also announced the departure of its chief financial officer.

Zim Integrated Shipping Service’s board of directors named Eli Glickman as president and CEO to replace Rafi Danieli, who announced last year he was stepping down.

Glickman will assume leadership of Zim on July 1. Zim also announced that CFO Guy Eldar, who led the complicated restructuring of the company’s debts in 2014, would also step down. No replacement for Eldar was named.

Glickman was previously CEO of the Israel Electric Company and worked in logistics from 2003 to 2005 as CEO of Exel MPL. He has also served as deputy CEO at Partner-Orange Cellular Communication where he managed the customer division and comes from a military background, having been a commanding officer in the special operations unit of the Israeli navy.

He has also been a missile ship commander and naval attache in Washington, DC.

Glickman has a masters of science in financial management from University of Monterey (California) and has graduated from Georgetown University’s International Executive Business Administration program.

Danieli has led Zim for the past 8 years and worked previously as CFO and deputy CEO. Zim said Danieli led a successful operational reorganization that has had tangible benefits.

Zim operates around 80 vessels with a total capacity of 344,460 twenty-foot-equivalent units (TEUs), according to the company’s website.

Zim posted a net profit of $4.6 million in the fourth quarter, down from $43.9 million in the fourth quarter of 2015. For the full year, Zim posted a loss of $163.5 million compared with a profit of $6.5 million in 2015.

In preparation for the new vessel-sharing agreements that launch April 1, the Haifa-based carrier has been restructuring its network, unveiling new trans-Pacific services connecting Asia with the Pacific Northwest.

The company also is rolling out its Zim Med Pacific service using 15 vessels with capacities of 4,500 TEUs as well as a new service to the Mediterranean from India.

Dustin Braden, Assistant Web Editor, JOC.com
Source: http://www.joc.com/