PierPass Announces Executive Transition Plans

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LONG BEACH, Calif., April 30, 2014 – PierPass Inc. today announced plans to transition its executive leadership over the course of 2014 and 2015, and said a search is underway for a new president. Current PierPass President and CEO Bruce Wargo, who has led PierPass since it was founded in 2004, will remain CEO and take on the additional role of board chairman.

Mr. Wargo will continue to provide overall leadership and promote a strategic direction for PierPass, including development of new congestion-mitigation initiatives currently under study. He has been asked by the PierPass board to remain in the CEO role into 2015. The new president will be responsible for day-to-day supervision of PierPass and the OffPeak program.

Under the OffPeak program, which PierPass launched in 2005, the 13 international container terminals at the Ports of Los Angeles and Long Beach operate additional shifts on nights and Saturdays, to reduce weekday traffic congestion and improve air quality in and around the ports.

Over the past nine years, PierPass OffPeak gates have grown to handle about 55 percent of daily truck-borne container traffic at the ports, taking more than 29 million truck trips out of daytime business hours. OffPeak has greatly eased congestion on city streets and nearby freeways, and has reduced emissions from trucks idling outside of terminals and in traffic.

When Mr. Wargo assumes the role of PierPass chairman later this year he will replace Jon Hemingway, chairman of Carrix Inc., who has served as chairman of PierPass since its founding in 2004.

“By continuing to serve PierPass as CEO and chairman, Bruce will ensure the continuity of PierPass in both daily operations and long-term direction,” Mr. Hemingway said.