CAI International, Inc. (CAI) announced a significant leadership transition. Effective January 1, 2024, current President, Katie McCabe, will assume the role of President and Chief Executive Officer (CEO), succeeding Tim Page, current CEO. Under Tim Page's exceptional leadership, CAI has achieved remarkable growth and success, including the successful merger of CAI and Beacon Intermodal Leasing, LLC.

(Beacon). His dedication, vision, and strategic acumen have been instrumental in shaping the company's trajectory. Mr. Page's contributions have been invaluable, and company is delighted to share that he will continue to serve the company in a new capacity.

As a Corporate Strategy Advisor, Tim Page will offer ongoing strategic guidance and expertise, ensuring a seamless transition and the continued advancement of organization. Katie McCabe, the former President and CEO of Beacon (2016-2022), has served as President of CAI since January 2023. She brings a wealth of experience and a deep understanding of industry.

Her commitment to innovation, customer-centric approach, and collaborative leadership style have been key drivers of company's success. As she assumes the role of CEO, company is confident in her ability to lead CAI into a new era of growth, innovation, and excellence.