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William Stokel to Oversee Expansion in North America, Europe, Asia, Middle East and South America
BALTIMORE - July 17, 2008 - Algeco Scotsman, the leading global provider of modular space and storage solutions, today announced the appointment of William Stokel to vice president of business development. In this newly created role, Stokel will assume global responsibility for coordinating all merger and acquisition activities for Algeco Scotsman in its current 19 countries of operation as well as new geographic markets.
"Algeco and Williams Scotsman individually demonstrated strong merger and acquisition capabilities prior to joining together to become Algeco Scotsman in 2007. With our union, we have significantly increased our growth prospects and expansion appetitive. William's appointment ideally positions us to expedite a global expansion strategy," said Gerry Holthaus, chairman and chief executive officer of Algeco Scotsman.
As vice president of business development, Stokel will augment the company's existing footprint in North America and Europe and will be responsible for identifying acquisition targets in new markets. "While we will continue to focus on organic growth as a way to solidify our leadership position, we believe it's critical to establish dedicated resources to focus exclusively on merger and acquisition activities," Holthaus said. "William's international experience of more than 25 years across multiple continents coupled with his company tenure make him the ideal candidate for this new role."
Prior to this appointment, Stokel served as general manager for William Scotsman's operations in Spain, where he was instrumental in the acquisition of Wiron Construcciones Modulares. Prior to joining Williams Scotsman, Stokel served as managing director for Goodyear companies in Great Britain, Spain and Turkey.
About Algeco Scotsman
Official Release in pdf
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