Algeco Scotsman takes on new CFO

Algeco Scotsman has appointed Stephen Bishop as its new executive vice president and chief financial officer from 15 January, succeeding Thomas Kloster who is resigning to pursue other opportunities.

Mr Bishop was most recently CFO and COO of SeaCube Container Leasing, the world's largest renter of refrigerated containers, where he led it through its initial public offering (IPO) in 2010 and sale to a private buyer in 2013.

Before joining SeaCube he was CFO and executive vice president of Greatwide Logistics Services from 2007 to 2009 and prior to that worked at GeoLogistics Corp and NetJets.

Jean-Marc Germain, president and CEO of Algeco Scotsman, said; “As we embark on our next phase of development, I am delighted to welcome Steve as our new CFO. Steve brings a wealth of experience as a successful CFO in various industries.

“His knowledge of the leasing business and his experience with both private and public companies will be very valuable to Algeco Scotsman."

Mr Bishop holds an MBA from Northeastern University and a BS in Accounting from the University of Maine, US.

Meanwhile, Sky News in the UK has reported that Algeco Scotsman’s owner, London-based private equity firm TDR Capital, is in the early stages of preparing an IPO at Algeco Scotsman. Sky News said it understood that the appointment of Mr Bishop was part of that process.