News Release

Friday, 10 January 2014

MOL (America) Inc. Announces Organizational Changes for North American Sales


Richard Jung to succeed Dennis Sheehan as vice president of sales

JANUARY 10, 2014 – Lombard, IL – MOL (America) Inc. has announced the following sales organizational changes which will take effect on Friday, January 17.

Mr. Dennis Sheehan, vice president of sales, has decided to leave MOL (America) Inc. to pursue other opportunities. Mr. Richard Jung, currently assistant vice president of sales, central region, has been appointed to assume the duties of vice president of sales.

“Mr. Sheehan’s knowledge and dedication will be missed. MOL will always be grateful for his long and valuable service and we wish him much success in his future endeavors,” said Tsuyoshi Yoshida, President/CEO, MOL (America) Inc.

Mr. Jung will report to Mr. Richard Craig, who has been promoted to the position of executive vice president, sales and operations, MOL (America) Inc. [see separate announcement] Mr. Jung will be responsible for the strategic and tactical management of all MOL (America) Inc. sales activities towards the achievement of the company’s volume, revenue, and profit targets.

Mr. Jung has been with MOL for over five years, starting as a regional sales manager, and rising to his current position as the assistant vice president of sales, central region. He has a business degree from Northeastern Illinois University, and previously worked in sales for Maersk Line for over 10 years, rising from an account executive to a sales director. Prior to Maersk, he had over six years of transportation experience in sales and export services.

Mr. Sheehan began working at MOL (America) Inc. in April of 1991, starting as an import sales manager in the North East region, and ultimately rising to vice president of sales.

About MOL

Mitsui O.S.K. Lines, Ltd. (MOL) has the world’s largest ocean shipping fleet. Backed by experience and technologies developed over 130 years, MOL moves today’s global economy. MOL operates specialized bulk carriers for iron ore, coal, and woodchips; tankers that transport crude oil and LNG; car carriers; cruise ships; ferries and coastal liners; and containerships that deliver a variety of finished products as part of the largest and most diverse global network of liner and logistics services. MOL (America) Inc. is a wholly-owned subsidiary of MOL. The company’s website is www.MOLpower.com. To view MOL’s key performance indicators, visit www.CountOnMOL.com.

For more information, please contact:

Timothy Pajak, Corporate Communications Specialist
MOL (America) Inc.
Tel: 1-630-812-3844
/ Fax: 1-630-812-6443
Email:
timothy.pajak@mol-liner.com