Algeco Scotsman appoints new CEO as Duncan Gillis departs

Algeco Scotsman has parted company with its chief executive officer, Duncan Gillis, three years after he joined the company as president and chief operating officer. He has been replaced as CEO by Jean-Marc Germain, who was most recently North American president of Novelis, the aluminium company.

A statement from Algeco Scotsman, which is the world's largest renter of portable accommodation, said that Mr Gillis had left to pursue other career opportunities.

The incoming CEO was educated in France and his career includes spells with GE Capital, consultant Bain & Company and most recently at Novelis, where he was president of its US$3.6 billion North American business.

Gerry Holthaus, chairman of Algeco Scotsman, said; "We are pleased to have Jean-Marc Germain join our company as chief executive officer and we thank Duncan Gillis for his many contributions to our organisation over the past several years.

"We believe that Jean-Marc's international business and operations experience gained over the past two decades will be invaluable as the company enters its next phase of growth and development."

Algeco Scotsman - which trades as Williams Scotsman is North America - is engaged on an international growth strategy and is making regular acquisitions, the most recent in Brazil at the start of this year.