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Still looking for a transpacific partner, but is in no hurry. Expanding intra-Asia and Mexico stack trains.
Don't look for any major shift in corporate strategy at American President Companies, Ltd.; the plans are now in place.
That advice comes from the man tabbed to become chairman and chief executive officer at the new year--John M. Lillie, who is president and chief operating officer.
W. B. Seaton, the current chairman and CEO, has announced he will retire at year end.
"I don't see any major changes," Lillie said during a brief press conference at the close of APC's annual shareholders' meeting April 26.
He planned, he said, to "emphasize what has already been started" under Seaton's guidance, particularly the "quality process" that Oakland-based APC launched in 1988.
The top executives of APC's ocean and overland transportation subsidiaries asserted, meantime, that their units are well poised to retain or even strengthen the leadership in their respective markets.
They are, respectively, George Hayashi, president and CEO of American President Lines, and Timothy J. Rhein, president and CEO of American President Domestic Company.
They spoke with American Shipper in separate interviews the afternoon preceding the annual meeting.