Modern Terminals Ltd (MTL) is appointing a new group director, effective next year, following the decision of Group Managing Director Peter Levesque to leave the Hong Kong company to go back to the United States and work for Ports America.
In a statement, the second-largest container terminal operator in Hong Kong announced that Horace Lo will take over the position from February 2020, as Levesque is set to become president of Ports America, after 25 years of living and working in Asia.
Ports America Group is the largest port operator in the United States based in Jersey City, New Jersey.
Levesque joined Modern Terminals in 2010 as Chief Commercial Officer. He became Chief Operating Officer in 2015 before taking on the role of Group Managing Director in 2016. He led the company in the formation of The Hong Kong Seaport Alliance which formally launched in April of this year.
Meanwhile, Lo has been with Modern Terminals since 1995 and has served in various capacities including Chief Development Officer and Director of Engineering. A full transition plan is currently underway.
“I look forward to continuing the progress that we have made in implementing The Hong Kong Seaport Alliance and in achieving the growth strategy we’ve set for ourselves in DaChan Bay,” Lo was quoted as saying.
“While we are facing many challenges in this difficult market, I’m confident that with our solid and professional team we will navigate through them successfully together with our customers and other stakeholders” he added.