TT Club, the specialist liability insurance provider to the international freight and logistics industry, announces three new Members drawn from its membership of insured organizations to its controlling Board.
As a mutual organization TT Club’s Board, Through Transport Mutual Insurance Association Limited (Bermuda), abbreviated to TTB is made up of representatives of those it insures. The three new non-executive Board Members announced at the TTB’s meeting in Rome this week represent the broad spectrum from freight, logistics, cargo handling and intermodal container operators from around the world.
Nosiphesihle Mbongwa is based in Durban, South Africa and has been CFO of Bidvest Freight for the last six years having previously served the freight management and logistics group for 10 years as its Commercial Director and prior to that a financial director role at one of its subsidiary companies. Her career in the freight industry spans over 20 years with both distribution operations and a container terminal operator. She joins the TTB Board as of 20 June.
Wendy Chien’s appointment dates from March of this year. As Managing Director of Contract Logistics at the Dimerco Express Group in Taipei, Taiwan. She brings experience of a pan Asia-Pacific complete logistics, warehousing and distribution operation which employs multi-modal transport options.
Frans Caljé is CEO of PD Ports centred in Teesside in the Northeast of England. He manages one of the largest ports in the United Kingdom, which is well known for its expertise in port centric logistics, linking berth side handling of all types of cargo with ongoing delivery via the storage and distribution processes involving the use of all modes of transportation. Prior to his appointment as CEO seven years ago, he was MD of Unitised & Port Centric Logistics at the same organization. He also has experience at container terminal operator APM. His appointment to the Board is effective 20 June.
TT’s CEO Charles Fenton commented on the new appointments to the TTB Board, “Our Board of Directors represents those organizations that we insure. They characterize every type of operator among our membership and come from every region of the world. Indeed, our structure means that every Member can input into the key decisions we make about the types of risk we underwrite and our strategic direction,” he said. “Appointments to the Board are recommended to the membership, who have voting rights, by the Nominations Committee, which seeks to increase gender and ethnic diversity in the Board, mirroring as closely as possible the underlying membership of TT Club. I’m pleased that our commitment to this diversity continues to be represented in TT’s governance.”
As a mutual TT does not have to concentrate on returning a profit for shareholders. Surplus funds fuel reserves that secure support for TT’s insured year after year. In particular, that support comes from TT’s loss prevention and risk management efforts, through investment in research to shine a light on the future of the logistics industry in order to respond to its Members’ needs and challenges. The elected Board of Member Directors plays a crucial role in guiding and overseeing this investment.
