Rand Logistics appoints Corporate VP of Procurement

Christopher J. Garwood Christopher J. Garwood

SEPTEMBER 29, 2015 — Great Lakes bulker operator Rand Logistics, Inc. (NASDAQ:RLOG) has appointed Christopher J. Garwood to the position of Corporate Vice President of Procurement, responsible for managing the company's strategic sourcing and supply chain functions.

Rand says he "will lead continuous improvement initiatives for operational excellence as it relates to procuring and supplying the company's vessels with fuel, parts, galleys and capital goods and services."

Mr. Garwood has over 15 years of experience in the areas of strategic sourcing, procurement, and supply chain management. Prior to joining Rand, he was employed with Cliffs Natural Resources Inc. for seven years, where he has held positions of increasing responsibility including most recently Senior Director of Global Strategic Sourcing and Energy Procurement. In his leadership roles with Cliffs, he oversaw enterprise wide spend management for the company's most strategic operating expenditures, purchases, and projects. His prior employment experience also includes supply chain roles with Ernst & Young LLP, Accenture Ltd., and BearingPoint Inc.

"Chris is an experienced senior procurement and supply chain executive and we are thrilled to have him as part of the Rand Logistics team," said Rand Logistics CFO Mark S. Hiltwein. "We look forward to the efficiencies and benefits he will bring to the company as part of our continuing effort to improve our return on invested capital."

Mr. Garwood holds a Bachelor of Science in Business Administration (BSBA) degree in Finance from John Carroll University in Cleveland, Ohio.

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