Leadership change imminent at terminal operator GCT?

Sources tell American Shipper CEO Stephen Edwards could be on his way out the door at Global Container Terminals, and an official announcement from GCT regarding what it has termed “leadership changes” is expected to come by the end of the week.

   A shift in upper management could be imminent at GCT Global Container Terminals, as Chief Executive Officer Stephen Edwards could be parting ways with the Vancouver, British Columbia-based company soon, if he hasn’t already, sources tell American Shipper.
   Edwards has been president and CEO of privately owned terminal operator GCT since September 2012, succeeding Michael E. Moore, who left the company that June. However, Edwards’ bio was recently removed from GCT’s official website and no president or CEO is currently listed online for the company.
   GCT spokeswoman Louanne Wong would neither confirm or deny Edwards’ status with the company when contacted by American Shipper, saying only that an official announcement from Global on what she termed “leadership changes” is expected to come by the end of the week.
   Before coming to GCT, Edwards spent four years as president and CEO of Ports America, from 2006 to 2010. Before that, he spent just under a year-and-a-half as chief operating officer for P&O Ports North America, from early 2005 to mid-2006.
   GCT operates four marine container terminals: GCT New York in New York harbor; GCT Bayonne in the Upper New York Bay in New Jersey; and GCT Deltaport at the Port of Vancouver in British Columbia; and GCT Vanterm, also at the Port of Vancouver.
   The company has been owned by Ontario Teachers’ Pension Plan since 2007, when it was purchased from Orient Overseas International Ltd. (OOIL) for $2.4 billion.
   The independent Ontario Teachers’ Pension Plan administers the pensions of about 182,000 current educators in the province of Ontario, and about 136,000 retirees.