Textainer Group Holdings Limited announced that after 22 years of dedicated service to Textainer, Philip K. Brewer, the company's President and Chief Executive Officer, has retired. As part of the succession planning process, the Board of Directors of TGH announced that it has appointed Olivier Ghesquiere, currently Executive Vice President - Leasing, to be the President and CEO of TGH effective August 13, 2018. Mr. Ghesquiere will also be appointed to the company's Board of Directors as a Class II director.

Mr. Brewer has served as Textainer's President and CEO since September 2011. He joined Textainer in 1996 and held positions responsible for finance, risk management and resale prior to his tenure as CEO. Mr. Ghesquiere joined Textainer in December 2015 as Senior Vice President for Sales and Marketing and was promoted to Executive Vice President-Leasing in January 2017.

He previously worked at Groupe Ermewa S.A. as Chief Executive Officer where he was responsible for growing the railcar and locomotive fleet to become the second largest in Europe. Prior to Groupe Ermewa S.A., he was the Managing Director for Eurotainer S.A. where he developed their tank container business and served as vice chairman and chairman of the International Tank Container Organization (ITCO) leasing committee.