Kevin Doherty Transitions to Board Seat, Michael Fratianni Assumes Role of President and CEO
MONTREAL, March 24, 2014 /CNW/ - Montreal Gateway Terminals Partnership (MGT), the leading cargo container facility at the Port of Montreal, announced today the retirement of Kevin M. Doherty as President and CEO. Mr. Doherty will take a seat on MGT's board and will be replaced by COO and CFO Michael Fratianni. Guy Desrosiers, currently Treasurer, will become CFO. MGT is wholly owned by MGT Holdings S.a.r.l., a subsidiary of Morgan Stanley Infrastructure Partners.
Mr. Doherty's 51-year career at the Port of Montreal has included many roles, leading to his heading up MGT operations in 1997 and becoming CEO in 2007. He oversaw modernization of the facility, strategic business initiatives, and successful navigation of a downturn in volumes during the Global Financial Crisis. Mr. Doherty's board seat will allow him to continue to contribute his deep knowledge and experience to the management of MGT. He is also chairman of the Maritime Employers Association.
Mr. Fratianni has served in crucial financial and senior business roles at MGT since 1986. In addition to his responsibilities as CFO, Mr. Fratianni's extensive background in marine terminal management includes business development, the maintenance of commercial relationships, and contract negotiations.
"We are grateful to Kevin for the key role he has played in the success of MGT," said John Watt, Chairman of the MGT Board of Directors and a Managing Director with Morgan Stanley Infrastructure. "We likewise have great confidence in the talent and ability of Michael, Guy, and the entire management team. During the seven years of Morgan Stanley Infrastructure's involvement with MGT, we have seen how nimble, creative, and adaptable they were during difficult economic times, and we are confident the company is well positioned to handle any future challenges and opportunities that may arise."
In addition to Guy Desrosiers's assumption of the role of CFO, several MGT veterans will assume senior management positions. Meguerditch "Migo" Kanondjian will become vice president of operations, Daniel Boyer will become vice president of maintenance and engineering, and Frederic Provost will become vice president of risk management.
"I feel I am leaving day-to-day leadership of the company in very good hands," said Doherty. "This is the team that has implemented so many of the improvements in operations at the facility and made such great strides in the relationships with our customers, employees, and other stakeholders. It is because of them that MGT is widely recognized as an efficient, collaborative, and customer-friendly partner."
"I feel very fortunate to take on this new role at such an exciting time," said Fratianni. "Today we are in the process of implementing innovations to expand our capabilities and further enhance our technology and efficiency. We hope to deepen our great working relationships up and down the supply chain. MGT is poised for an even greater competitive edge as a first choice for container handling services in Montreal."
MGT's strategic positioning - closer to key European ports than terminals along the US east coast - and unmatched service delivery and capacity have earned the operator long term committed relationships with the world's leading carriers. MGT takes an aggressive approach to technological and environmental innovation including a hydroelectric conversion that reduces CO2 emissions and increases efficiency. By spearheading the alignment of the supply chain - shippers, rail, trucking and receivers - MGT has achieved a clockwork operation in which containers reach their destination without delay in as little as 24-36 hours and the wheels of international commerce move that much faster. In 2013, this amounted to approximately 775,000 TEUs or 57 percent of the total container traffic in the Port of Montreal handled by MGT.
About Montreal Gateway Terminals Partnership
Montreal Gateway Terminals is the leading cargo container facility at the Port of Montreal, the second-largest port in Canada. Strategically situated at the gateway to the vast and vibrant North American markets, Montreal Gateway Terminals Partnership's two container terminals are efficiently serviced by both CN and Canadian Pacific Railway, which have direct links to major American rail carriers. This strategic location is also connected to the network of highways that lead directly to markets in Quebec, Ontario, and Western Canada, as well as the United States, providing reliable, cost-competitive inland transportation. Montreal Gateway Terminals was the first privately owned container terminal operator in Canada to have received ISO 14001 recognition, and is the only such operator in Canada to also be Green Marine certified. For more information, visit www.mtrtml.com.
About MGT Holdings
MGT Holdings S.a.r.l. owns 100% of Montreal Gateway Terminals Partnership, which operates the Cast and Racine container handling terminals in the Port of Montreal. MGT Holdings S.a.r.l. is held by Morgan Stanley Infrastructure Partners, a fund of Morgan Stanley Infrastructure. Morgan Stanley Infrastructure, part of the investment management division of Morgan Stanley, is an infrastructure investment and management platform with $4 billion under management that focuses on assets providing essential public goods and services to societies across the globe. For more information, see www.morganstanley.com/infrastructure.
SOURCE: Montreal Gateway Terminals Partnership
For further information:
Machie Madden, [email protected], 212/292-8560