Strategic Recapitalization Strengthens Financial Foundation, Fostering Long-Term Stability and Industry Leadership

New Executive Leadership Appointments to Advance SEKO’s Commitment to Innovation and Client Success

Incoming Chairman of the Board Philippe Gilbert to Serve as Interim Chief Executive Officer as James Gagne Departs

SEKO Logistics (“SEKO” or the “Company”), a global leader in end-to-end logistics solutions, today announced the successful close of its previously announced recapitalization transaction with its existing lenders, who have assumed majority ownership of SEKO. Through the transaction, the Company secures significant new investment from its new ownership group, comprised of premier global financial institutions, and strengthens its financial foundation with a substantial improvement of the Company’s balance sheet, positioning SEKO for long-term growth and stability at the forefront of the logistics industry.

The Company is also pleased to announce Philippe Gilbert’s appointment as Chairman of the Board and Interim Chief Executive Officer, effective January 1, 2025. Gilbert brings extensive experience at the highest levels of the international logistics sector to the role, most recently serving as President of Supply Chain Solutions at UPS. Gilbert’s appointment follows James Gagne’s decision to transition from his role as Chief Executive Officer.

“SEKO is entering a dynamic chapter of growth and opportunity,” said Gilbert. “With a robust foundation, an exceptional team, and a clear vision for the future, we are prepared to deliver innovative solutions and exceptional value to our clients. I look forward to collaborating with our talented leadership team, dedicated employees, and financial partners to build on SEKO’s proud legacy and capitalize on emerging opportunities in the logistics industry.”

As the Company solidifies its financial position and is well-equipped for continued industry leadership, SEKO is also welcoming several accomplished leaders to its world-class executive team:

• Hans Moller, Chief Financial Officer: With nearly two decades of deep financial leadership experience in CFO roles at Intellicentrics, Andres North Investments, Brinks Inc., DSV Panalpina, and Hapag Lloyd, Moller’s global leadership and track record in leading successful financial teams, strategic transformation, and value creation will be instrumental in driving SEKO forward in the coming years.
• Kris Arthur, Chief Technology Officer & Chief Information Security Officer: Bringing over 25 years of technology infrastructure expertise to the role, Arthur will expand his current role of Chief Information Security Officer to also focus on leading SEKO’s security, operations, and technology infrastructure to drive innovation and strengthen the Company’s digital capabilities.
• Mark White, Interim Chief Information Officer: A seasoned leader with more than 20 years of experience at SEKO, White will focus on the Company’s application strategy, data architecture, and technology roadmap.

The Company is moving forward confidently with leadership that will further strengthen its market position by prioritizing client success and leveraging cutting-edge solutions to meet their evolving needs. SEKO is grateful to outgoing Chief Executive Officer James Gagne, Chief Financial Officer Matt Brown, and Chief Technology Officer Mike Powell, who each led the achievement of significant milestones during their time with the Company. SEKO wishes them the best in their future endeavors.

About SEKO Logistics

Built on nearly 50 years of logistics expertise, SEKO Logistics is the no-nonsense global end-to-end logistics partner – from shipper to consumer. SEKO delivers client-first service, expert reliability and tech-driven shipping solutions that turn supply chains into a competitive differentiator. With over 150 offices in more than 60 countries, SEKO helps you move at the speed of global commerce. Learn more at www.sekologistics.com.

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