CAI International, Inc. (CAI), one of the world’s leading container lessors, has announced a leadership transition effective from October 1, 2023. Tim Page, who has served as the CEO of CAI since 2016, will step down from his role and become a Corporate Strategy Advisor to the company. Katie McCabe, who has been the President of CAI since January 2023, will succeed him as the CEO.

Tim Page has led CAI through a remarkable period of growth and success, including the successful merger of CAI and Beacon Intermodal Leasing, LLC. (“Beacon”), another group company of Mitsubishi HC Capital Inc., on January 1, 2023. His vision and strategic acumen have shaped the company’s trajectory and positioned it as a leader in container leasing. As a strategy advisor, he will continue to offer his expertise and guidance to the company.

Katie McCabe has over 20 years of experience in the container leasing industry and was the former President and CEO of Beacon from 2016 to 2022. She has been instrumental in driving innovation, customer satisfaction, and collaboration at CAI. As the new CEO, she will lead CAI into a new era of growth, innovation, and excellence.

Hisashi Ishimaki, Chairman of the Board of CAI, expressed his gratitude to Tim Page for his outstanding leadership and his confidence in Katie McCabe as the new CEO. He said that CAI remains committed to delivering exceptional service to its customers and maintaining its position as a leader in container leasing.

CAI is a group company of Mitsubishi HC Capital Inc., one of the world’s largest and most diversified financial groups. CAI has a fleet of over 3.4 million Twenty-Foot-Equivalent units, representing nearly $6 billion in assets. With offices in 11 countries around the world and a vast network of agents and depots, CAI serves hundreds of the world’s leading shipping lines, container operators, and logistic providers.