Thursday, June 3, 2010

Horizon Lines Names New Board Members, CEO Raymond Re-elected as Chair

Shareholders of Jones Act ocean carrier Horizon Lines, Inc. on Wednesday elected three Class II directors and ratified the appointment of Horizon Lines' public accounting firm Ernst & Young LLP.

The vote came during the Charlotte, SC-based firm's annual meeting on Wednesday, which also saw the Board of Directors re-elect Horizon CEO Charles Raymond as board chairman.

Raymond, who was first appointed as board chairman in 2006, has served as President and CEO and as a director of Horizon Lines, Inc. and Horizon Lines Holding Corp. since July 2004 and of H-Lines Finance Holding Corp. since December 2004. He has also served as President and CEO of Horizon Lines, LLC since January 2000 and as a director of Horizon Lines, LLC since November 1999.

During the meeting shareholders re-elected Class II directors Vern Clark and William Flynn, and elected Stephen Fraser as a new Class II director to succeed Dan Colussy, who retired from the board after five years of service.

Clark is a retired United States Navy Admiral who joined the board in 2005. Flynn, who joined the Horizon board in 2006, is CEO and President of Atlas Air Worldwide Holdings.
Fraser most recently served as Executive Vice President, Corporate Strategy, at GENCO Supply Chain Solutions, where he also served as CEO of GENCO’s three reverse logistics business units.