Montreal Gateway Terminals Partnership (MGT), located within the Port of Montreal, has announced the retirement of longstanding president and CEO, Kevin M Doherty, who will now take a seat on MGT’s board.
For 51 years, Mr. Doherty acted in a number of roles throughout the Port of Montreal. He was promoted to head of MGT operations in 1997, before finally becoming CEO in 2007.
During his time he kept watch over the modernisation of the facility, and managed to keep the company afloat despite massive downturn during the global financial crisis.
Although retiring, Doherty’s place as a member of the board makes certain that he will be able to continue contributing his expertise and deep knowledge in regards to the management of MGT.
He will remain acting chairman of the Maritime Employers Association.
Stepping up to continue Doherty’s legacy is Michael Fratianni, now the former COO and CFO of the company.
Fratianni has served in crucial financial and senior business roles at the terminal since 1986. Fratianni’s background expands further back than his time at MGT; with experience in business development, the maintenance of commercial relationships and contract negotiations.
“We are grateful to Kevin for the key role he has played in the success of MGT,” said John Watt, Chairman of the MGT board of directors and a managing director with Morgan Stanley Infrastructure, who own MGT holdings.
“We likewise have great confidence in the talent and ability of Michael, Guy, and the entire management team.”
“During the seven years of Morgan Stanley Infrastructure’s involvement with MGT, we have seen how nimble, creative, and adaptable they were during difficult economic times, and we are confident the company is well positioned to handle any future challenges and opportunities that may arise,” he continued.
Active treasurer, Guy Desrosier has been asked into Fratianni’s former boots as CFO, whilst several other veteran members of the MGT team will assume senior management positions.
Meguerditch “Migo” Kanondjian has been announced as vice president of operations, whilst Daniel Boyer will become vice president of maintenance and engineering. Frederic Provost will become vice president of risk management.
On his replacement, Doherty said “I feel I am leaving day-to-day leadership of the company in very good hands.This is the team that has implemented so many of the improvements in operations at the facility and made such great strides in the relationships with our customers, employees, and other stakeholders. It is because of them that MGT is widely recognized as an efficient, collaborative, and customer-friendly partner.”
Fratianni was proud to accept such a prestigious new role: “I feel very fortunate to take on this new role at such an exciting time. Today we are in the process of implementing innovations to expand our capabilities and further enhance our technology and efficiency. We hope to deepen our great working relationships up and down the supply chain. MGT is poised for an even greater competitive edge as a first choice for container handling services in Montreal.”
MGT is wholly owned by MGT Holdings S.a.r.l., a subsidiary company of Morgan Stanley Infrastructure Partners. The terminal is the leading cargo container facility within the Port of Montreal.
Situated closer to key European ports than terminals along the US east coast and consistency in service has resulted in long term relationships with some of the worlds best carriers.
MGT are always looking to expand both technological and environmental standings. This includes the promotion of hydroelectric power as an alternative fuel in order to reduce CO2 emissions and increase efficiency.
In 2013 the terminal managed 57 percent of the total cargo traffic running through the Port of Montreal; approximately 775,000 TEU.