Triton International Nominates Terri A. Pizzuto to Board of Directors

Rhea-AI Summary

Triton International Limited (NYSE:TRTN) announced the nomination of Terri A. Pizzuto to its Board of Directors, to be included in the proxy statement for the Annual General Meeting on April 27, 2023. Pizzuto brings extensive experience from her role as Executive VP and CFO at Hub Group, Inc., and a long tenure at Arthur Andersen. Her addition is part of Triton’s commitment to Board diversity and succession planning, with a slate of nominees that includes nine independent candidates and three women. If elected, she will also serve on the Audit Committee.

Positive

• Terri A. Pizzuto's extensive financial and operational experience is expected to provide valuable insights.
• The nomination reflects Triton's commitment to Board diversity and effective succession planning.

Negative

• There may be concerns regarding continuity and experience gaps during the transition to a new Board member.

HAMILTON, Bermuda--(BUSINESS WIRE)-- March 15, 2023 - Triton International Limited (NYSE:TRTN) today announced that Terri A. Pizzuto has been nominated to join its Board of Directors. Ms. Pizzuto will be included as a nominee in Triton’s 2023 proxy statement and, if elected by shareholders, will join the Board as an independent director after the Company’s Annual General Meeting on April 27.

Ms. Pizzuto brings nearly four decades of executive financial experience, most recently serving as Executive Vice President, Chief Financial Officer and Treasurer of Hub Group, Inc., a publicly traded supply chain solutions provider that offers multi-modal transportation services throughout North America. Prior to her career at Hub Group, Ms. Pizzuto spent 22 years at Arthur Andersen, LLP, including as an Audit Partner. She also serves on the board of directors of The Shyft Group, Inc., a North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets. Ms. Pizzuto received a B.S. in Accountancy from the University of Illinois Urbana-Champaign.

“We are excited about our plans to add Terri Pizzuto to Triton’s Board of Directors," said Brian M. Sondey, Chairman and CEO of Triton. "Terri has extensive experience in finance and operations, and deep knowledge of the transportation and logistics industry. We look forward to Terri’s perspectives and insights as we continue to drive continued value creation and position Triton for the future."

The nomination of Ms. Pizzuto reflects Triton’s ongoing approach to Board refreshment and succession planning. Over the past several years, Triton has meaningfully advanced the diversity of the Board by recruiting new directors with exceptional qualifications and experiences who reflect diverse backgrounds and perspectives. Triton’s 10 current Board members will all stand for re-election at the 2023 Annual General Meeting. Of the 11 candidates standing for election, which will include Ms. Pizzuto, nine are independent, and the slate of director nominees will include three women, two of whom identify as ethnically diverse. If elected, Ms. Pizzuto would serve on the Audit Committee of the Board.

About Triton International Limited

Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of over 7 million twenty-foot equivalent units ("TEU"), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.

Important Additional Information and Where You Can Find It

Triton, its directors and certain of its executive officers may be deemed to be participants in the solicitation of proxies from the Company’s shareholders in connection with the matters to be considered at Triton’s 2023 annual general meeting of shareholders. Triton intends to file a proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) in connection with such solicitation of proxies from shareholders. Shareholders are strongly encouraged to read the proxy statement and any other relevant documents to be filed with the SEC when available as such documents will contain important information. Shareholders will be able to obtain the proxy statement, when available, and other relevant documents filed by Triton with the SEC for no charge at the SEC’s website at www.sec.gov or at www.trtn.com.

Important Cautionary Information Regarding Forward-Looking Statements

Certain statements in this release, other than purely historical information, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among others, statements relating to Triton’s business and future performance; composition of the Board of Directors; the potential election of Ms. Pizzuto to the Board of Directors; and the expected benefits from the potential election of Ms. Pizzuto to the Board of Directors. Statements that include the words "expect," "intend," "plan," "seek," "believe," "project," "predict," "anticipate," "potential," "will," "may," "would" and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton's control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements. These factors include, without limitation, economic, business, competitive, market and regulatory conditions; risks related to management transitions; and other risks and uncertainties, including those set forth in the section entitled “Risk Factors” in our most recent annual report on Form 10-K filed with the SEC and subsequent filings with the SEC. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

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Triton International Limited

Andrew Kohl

Vice President

Corporate Strategy & Investor Relations

914-697-2900

Source: Triton International Limited

FAQ

Who is Terri A. Pizzuto and what is her experience?

Terri A. Pizzuto is nominated to join Triton's Board, bringing nearly four decades of financial experience, most recently as CFO of Hub Group, Inc.

When is the Annual General Meeting for Triton International Limited?

Triton International's Annual General Meeting is scheduled for April 27, 2023.

What is Triton International Limited's stock symbol?

Triton International Limited's stock symbol is TRTN.

What are the goals of adding Terri Pizzuto to the Board?

The goal is to enhance the Board's expertise in finance and operations, and drive continued value creation.