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8-K - GENERAL FINNCE CORP FORM 8-K - General Finance CORP | form_8k.htm |
EXHIBIT 99.1
General Finance Corporation Promotes Theodore
Mourouzis
PASADENA,
CA – April 26, 2017 – General Finance Corporation
(NASDAQ: GFN), a leading specialty rental services company in North
America and in the Asia-Pacific region of Australia and New Zealand
(the “Company”), today announced that Theodore
Mourouzis has been appointed President and Chief Executive Officer
of Pac-Van, Inc. (“Pac-Van”).
Mr.
Mourouzis, age 54, is responsible for Pac-Van’s North America
leasing operations and reports directly to Jody Miller, President
of General Finance Corporation.
“We
are very pleased to make this announcement,” said Ronald
Valenta, Chairman and Chief Executive Officer of General Finance
Corporation. “Ted has been a steady influence in the Company
and with his senior management team. He has a strong track record
of growth over two decades in the equipment rental sector. He will
continue to lead Pac-Van and execute on its strategic plan. We very
much appreciate Ted’s commitment, consistency and loyalty to
the Company, its capital providers, vendors, employees and
customers.”
Mr.
Mourouzis noted, “I am thankful for the support of the
General Finance Corporation executives, and for the efforts of the
great team at Pac-Van – a team that has demonstrated the
ability to continually provide the quality products and high levels
of service necessary to expand our customer base. I look forward to
working with the team to continue to grow our
business.”
Mr.
Mourouzis spent two decades in the equipment rental industry and
has been with Pac-Van over twenty years, serving previously as its
Vice President of Finance, Chief Operating Officer and President.
Prior to joining Pac-Van, he worked in management for a 3M joint
venture and as a consultant for Deloitte & Touche. Mr.
Mourouzis is a 1985 graduate of Stanford University and has a
Master of Business Administration from the Wharton School of the
University of Pennsylvania.
About General Finance Corporation
Headquartered
in Pasadena, California, General Finance Corporation (NASDAQ: GFN,
www.generalfinance.com)
is a leading specialty rental services company offering portable
storage, modular space and liquid containment solutions.
Management’s expertise in these sectors drives disciplined
growth strategies, operational guidance, effective capital
allocation and capital markets support for the Company’s
subsidiaries. The Company’s Asia-Pacific leasing operations
in Australia and New Zealand consist of majority-owned Royal Wolf
Holdings Limited (www.royalwolf.com.au),
the leading provider of portable storage solutions in those
countries. The Company’s North America leasing operations
consist of wholly-owned subsidiaries Pac-Van, Inc. (www.pacvan.com)
and Lone Star Tank Rental Inc. (www.lonestartank.com),
providers of portable storage, office and liquid storage tank
containers, mobile offices and modular buildings. The Company also
owns Southern Frac, LLC (www.southernfrac.com),
a manufacturer of portable liquid storage tank containers and other
steel-related products in North America. Royal Wolf’s shares
trade under the symbol “RWH” on the Australian
Securities Exchange.
Investor/Media Contact
Larry
Clark
Financial
Profiles, Inc.
(310)
622-8223