Page 43: of Maritime Reporter Magazine (May 2000)

Kurz Joins Hvide As CEO

In the latest of various corporate changes that have occurred at Fort

Lauderdale, Fla.-based Hvide Marine, the company has elected Gerhard E.

Kurz as CEO and a member of its

Board of Directors. He replaces James

J. Gaffney, who had been serving as interim chairman and will now hold the position of non-executive chairman of the board. Jean Fitzgerald, who man- aged to bring Hvide to new levels by taking the fledgling company out of

Chapter 11 bankruptcy, took on Hvide's reins as chairman and CEO following the resignation of longtime CEO, Erik

Hvide last year. Fitzgerald, who recent- ly underwent successful heart surgery, will continue to serve Hvide as a con- sultant and member of its Board.

Kurz comes to Hvide following his recent retirement as president of Mobil

Shipping and Transportation Company (MOSAT) - a position he had held since 1989.

Leading up to his final position at The

Mobil-Oil affiliated company, which operated a fleet of 30 deep-sea tankers and 26 tugs and barges, Kurz began his career in London at Mobil Shipping

Company Limited in 1964 as a charter- ing assistant. The following year, Kurz was transferred to the company's Marine

Division in New York where he pursued and earned an MBA from New York

University. Proceeding a slew of promo- tions, Kurz was appointed vice president of planning, Middle East and marine transportation before taking on the head position at MOSAT.

AMSEC Acquires

Rosenblatt & Son

AMSEC LLC has attained the naval architecture and marine engineering firm M. Rosenblatt & Son, New York,

New York. The company, which is known as one of the premier marine design engineering firms worldwide, has aided in the design of ships and shipboard systems for the U.S. Navy since 1947. Terms of the acquisition were not disclosed.

With headquarters in Virginia Beach,

Va., AMSEC recently expanded by more than 30,000 sq. ft., resulting from its strong business growth on all fronts, including design, maintenance and in- service engineering support.

Caterpillar Acquires Sabre

Caterpillar, Inc. has attained Sabre

Engines, a U.K.-based company that specializes in high performance marine diesel engines.

Sabre established a cooperation agree- ment with Perkins Engines Company in 1991, calling for Perkins to tout core engines to Sabre for marinization. The addition of Sabre to the Caterpillar oper-

May, 2000 ation will complement the company's global offering of marine power systems below 300-bhp.

New MD At Schottel

Dr. Detlef Reinsberg was elected the new managing director of Schottel

GmbH & Co. in Spay/Rhine, Germany.

Reinsberg, who began his career as a financial director with ABB in Man- heim, and later with the Fresenius

Group in Bad Homburg, will spearhead a group of companies whose main plant reached sales of $61.3 million in 1999.

UTC And Carrier

Acquire Electrolux

United Technologies Corp. (UTC) and its Carrier Corp. subsidiary have attained Electrolux_ Commercial Refrig- eration from Electrolux Group for approximately $145 million.

A global supplier of refrigeration equipment for commercial customers within the supermarket, food and bever- age markets, Electrolux Commercial

Refrigeration will be integrated into

Carrier's Commercial Refrigeration

Operations Unit. With 2,300 employees,

Electrolux Commercial estimates its 1998 sales at more than $300 million.

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