Navis Hires New General Manager and Vice President of APAC

Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world's leading organizations across the shipping supply chain, has announced that they have appointed maritime industry veteran Simon Doughty as the General Manager and Vice President for the APAC region.

Doughty had previously served as the CEO of Hong Kong based Wallem Group and brings over 30 years' experience in international business management, leading transportation organizations in Asia, the Americas, Middle East and Europe. Doughty has a proven track record of driving top and bottom line growth through efficient operations, work processes and technology in the maritime industry and has had experience in supporting the complete lifecycle of the vessel from newbuilding to end-of-life recycling guidance.

"Peak performance and improved efficiency across the maritime industry through the adoption of new technologies and automation is the next big shake up in the sector and Navis is well positioned to take advantage of this with proven technological innovation," said Simon Doughty, General Manager and Vice President of APAC, Navis. "I'm excited to lend my experience and connections in the Asia-Pacific region and to help plan and execute the strategy to help grow the business in this area."

Along with the appointment of Doughty, Mark Welles, who previously held this title, will move to the strategic role of VP Global Partnerships where he will play an active role in maintaining key global partnerships and will work closely with regionally based GTOs and general managers in the region. Welles will continue to play an active role during the transition period with Doughty and on an ongoing basis with certain customers.

To learn more about Navis visit www.navis.com.

About Navis, LLC

Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world's leading terminal operators and ocean carriers. Navis combines industry best practices with innovative technology and world-class services to enable our customers to maximize performance and reduce risk. Whether tracking cargo through a port, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis provides a holistic approach to operational optimization, providing customers with improved visibility, velocity and measurable business results. www.navis.com

About Cargotec Corporation

Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec's sales in 2018 totalled approximately EUR 3.3 billion and it employs around 12,000 people. www.cargotec.com