Triton International Announces Executive Transition

Rhea-AI Summary

Triton International announced key executive changes as part of its succession planning. John O'Callaghan, Executive VP and Global Head of Field Marketing and Operations, will retire from his current role on December 31, 2024, but will continue as Executive VP Director through 2026 and join the Board of Directors in 2025. Filip De Bruin, currently Senior VP of Marketing for Europe, Africa, and Middle East, will become Senior VP of Global Marketing and Field Operations on January 1, 2025, reporting to CEO Brian Sondey. De Bruin, a 30-year company veteran, will maintain his current customer relationships while expanding his oversight to global operations.

Positive

• Structured succession plan ensures leadership continuity
• Retiring executive O'Callaghan remains involved through board position and advisory role until 2026
• Replacement executive De Bruin brings 30 years of company experience

Negative

• None.

HAMILTON, Bermuda--(BUSINESS WIRE)-- November 18, 2024 – Triton International Limited ("Triton") today announced the following management transition as part of Triton’s long-term succession planning strategy.

After more than 30 years of distinguished service, John O’Callaghan, Executive Vice President, Global Head of Field Marketing and Operations, has decided to retire from his current role, effective December 31, 2024. He will remain with Triton in the role of Executive Vice President, Director, through the end of 2026, and will join Triton’s Board of Directors, effective January 1, 2025.

Effective January 1, 2025, Filip De Bruin will assume the role of Senior Vice President, Global Marketing and Field Operations, reporting to Triton’s Chief Executive Officer Brian Sondey. Mr. De Bruin has been with Triton for over 30 years and has held various leadership positions, most recently as Senior Vice President, Marketing for Europe, Africa, and Middle East. In that role, he has served as the primary account manager for some of Triton’s largest customers. In his new role, Mr. De Bruin will continue to manage these customer relationships while expanding his responsibilities to include oversight of Triton’s lease marketing and field operations globally.

Mr. Sondey commented, “Throughout his career, John has been one of the critical drivers of Triton’s success, and for the last eight years since the Triton/TAL merger, he has been an invaluable partner for me. His leadership helped transform Triton into an undisputed market leader. John helped build many of our strongest customer relationships, steered many of our most important leasing transactions, led our deeply experienced and talented lease marketing and operations teams worldwide, and helped set a vision for how Triton should change to maintain our edge as our business evolved. His willingness to remain with us through this transition and share his insights and experience on our Board will continue to benefit Triton as we move forward.”

“We are fortunate to have a deep bench of talented leaders at Triton, and I am highly confident that Filip will seamlessly transition into his expanded role. Filip has a proven track record of commercial success and extensive management experience, and I look forward to working together to continue Triton’s growth and success.”

About Triton International Limited

Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of approximately 7 million twenty-foot equivalent units ("TEU"), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.

Important Cautionary Information Regarding Forward-Looking Statements

Certain statements in this release, other than purely historical information, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among others, statements relating to the management transition described in this release and to Triton’s business and future performance. Statements that include the words "expect," "intend," "plan," "seek," "believe," "project," "predict," "anticipate," "potential," "will," "may," "would," “continue,” and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton's control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements. These factors include, without limitation, economic, business, competitive, market, and regulatory conditions, and other risks and uncertainties, including those set forth in the section entitled “Risk Factors” in our most recent annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) and subsequent filings with the SEC. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241118631926/en/

Jeremy Glick

VP, Treasurer

Tel: +1 (914) 697-2900

Email: jglick@trtn.com

Source: Triton International Limited

FAQ

When will John O'Callaghan retire from his current role at Triton International (TRTN)?

John O'Callaghan will retire from his current role as Executive VP and Global Head of Field Marketing and Operations at Triton International on December 31, 2024.

Who will replace John O'Callaghan at Triton International (TRTN)?

Filip De Bruin will assume the role of Senior VP, Global Marketing and Field Operations at Triton International, effective January 1, 2025.

What will be John O'Callaghan's role at Triton International (TRTN) after December 2024?

After December 2024, O'Callaghan will serve as Executive VP Director through 2026 and join Triton's Board of Directors effective January 1, 2025.