Algeco Scotsman appoints new North American head

Algeco Scotsman has appointed Brad Soultz as its new president for US and Canada, replacing Joseph Vecchiolla who resigned as president of US operations on 10 January to pursue other opportunities.

Mr Soultz was most recently chief commercial and strategy officer of Novelis Inc, an aluminium recycling and rolled products business. He joined Novelis in 2005 following its spin-off from Alcan Inc.

He began his career with Cummins, where he held various positions in product development, sales, strategy and procurement in North America, and as director - global procurement based in the Czech Republic.

Jean-Marc Germain, president and chief executive officer of Algeco Scotsman, said; “We thank Joe for his dedicated service and many contributions to our company. As we embark on our next phase of development, I am delighted to welcome Brad as our new head of North American operations. Brad brings a wealth of experience that will be very valuable to Algeco Scotsman."

This latest move follows the appointment a few weeks ago of a new chief financial officer at the company. Stephen Bishop. There has been speculation in the UK financial press that Algeco Scotsman's owner, TDR Capital, may be preparing the business for a stock market flotation.