In a statement issued by Peel Port Group today, its Chief Executive Officer, Claudio Veritiero, is standing down from his position at the UK's second-largest ports group.
Mr. Veritiero has served nearly five years as CEO and six years within the business, which Afloat highlights has ports in Scotland (Clydeport) and England (west and east coasts), in addition to the operation at Dublin Port of the lo-lo division of Marine Terminals Ltd (MTL) located at Ringsend.
Mark Whitworth, Non-Executive Chairman and former Peel Ports Group Chief Executive, will become Executive Chairman on an interim basis while a successor is appointed.
During his tenure, Claudio Veritiero has led a period of significant growth and transformation at Peel Ports Group, delivering annual profitability growth of 9% and substantial increases in revenue.
He has overseen major strategic investments across the business, including the £28m Alexandra Complex warehousing development at Liverpool, the £30m expansion of RoRo facilities at London Medway, and investing £25m in (Irish-manufactured) ship-to-shore cranes at Greenock. He also led the acquisition of Humber Bulk Terminal, further strengthening the Group's infrastructure and growth potential.
Together, the investments have strengthened the resilience, capacity, and long-term competitiveness of the UK's supply chains, creating new opportunities for customers, supporting employment, and delivering lasting economic value to the regions in which Peel Ports Group operates.
These assets, along with other transformational projects that Claudio has spearheaded, will continue to play a vital role in facilitating trade, enabling growth, and supporting the UK's critical infrastructure for many years to come.
Reflecting on his decision, Claudio said, "This was a decision I reached after a great deal of thought, so I can devote more time to my family in the Southeast and to some important personal priorities.
“It has been a huge privilege to lead Peel Ports Group through such an important period of sustained growth and transformation and to work with so many talented, experienced, and committed people.
I leave with enormous pride in what we have achieved together and with complete confidence in the future of the business.”
Mark Whitworth, Executive Chairman for Peel Ports Group, said, “This is a very personal decision by Claudio, which we understand and respect. The company is very grateful for the extraordinary effort he has devoted to the company during his time with us.
His leadership has continued a period of growth and high performance throughout very challenging times, especially considering the global economy. He leaves with our very best wishes.”
