The Institute of International Container Lessors' (IICL) President, Steven Blust, announces that Peter Younger, Chief Executive Officer and President of Cronos Ltd. has been elected to the position of Chairman of the IICL for 2011, succeeding Joseph Kwok of SeaCube Containers LLC.

Peter Younger, Chief Executive Officer & President: Mr. Younger was appointed Cronos' Chief Executive Officer in 2007 and is based in San Francisco. 'Mr. Younger has been with Cronos since 1987, located in the UK from 1991 through 2003. 'Mr. Younger served as the company's Chief Financial Officer from 1998 to 2005 and President and Chief Operating Officer from 2005 to 2007.

'On behalf of the IICL's Board of Directors and staff, I would like to extend our sincere gratitude to Joseph Kwok for his leadership during last year's dynamic ' said Blust, 'and we look forward to another promising year ahead under Mr. Younger's Chairmanship.'

'Cronos has been a long-standing member of the Institute of International Container Lessors and I am honored to serve as its Chairman as we celebrate the IICL's 40th year of service to the container and chassis leasing industry. 'I look forward to working with association's President, the other directors and all of our members in the coming year.'
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The IICL's Board also elected Brian Sondey, President and CEO of TAL International, as First Vice President, David Amble, CEO of GE-SeaCo, as Second Vice President, and George Elkas, President of Flexi-Van, as Treasurer. Jeffrey Gannon, President, Beacon Intermodal Leasing LLC, and Simon Vernon, President, Triton Container International, were elected as Directors at Large.