Asian Terminals, Inc. Announces Change in Directors
July 30, 2021 at 07:12 pm EDT
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Asian Terminals, Inc. announced that effective June 30, 2021, Mr. Ahmad Yousef Ahmad Alhassan Al Simreen has stepped down as director of the company and as member of its Executive, Audit, Nomination, Corporate Governance and Compensation Committees, to assume another position overseas. In the meeting of the Board held, the directors elected Mr. Zissis Jason Varsamidis as director of ATI and appointed him to the committees vacated by Mr. Ahmad Alhassan to serve his unexpired term. Mr. Varsamidis, 45, Australian, is the Chief Financial Officer (CFO) of DP World Asia Pacific & Australasia. Prior to this, Mr. Varsamidis was the CFO of DP World Australia from 2013 to March 2021 and held various positions in the company prior to that appointment. He has a degree in Commerce from the University of Wollongong, holds a Diploma in Terminals Operations Management from US Merchant Marine Academy and Masters in Applied Finance & Investment from the Securities Institute of Australia. He is also a Certified Public Accountant (CPA).
Asian Terminals, Inc. is a Philippines-based company that provides general services with respect to the operation and management of port terminals. The Company operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City. The container terminal division handles stevedoring, arrastre, warehousing, storage, cranage, container freight station and other port-related services for international cargoes. Its inland clearance depot and empty container depot (Laguna) is a customs bonded facility that provides storage, trucking, just-in-time delivery, brokerage and maintenance and repair services for its clients. The Company, through its subsidiary, ATI Batangas, Inc., is the sole cargo handling contractor operating at the Port of Batangas. It operates and manages the Batangas Supply Base within the Port of Batangas under a contract with Shell Philippines Exploration B.V. The Company is developing a barge terminal in Tanza, Cavite, to cater to PEZA cargoes.
ASIAN TERMINALS, INC. 
