International Container Terminal Services Inc. has promoted Martin O'Neil to executive vice president from senior vice president and global CFO. Also promoted were Rafael D. Consing Jr., from vice president and Treasurer to Senior vice president and CFO; and Jose Joel M. Sebastian, from vice president and Controller to Senior vice president, Finance. The promotions aim to further strengthen the Company's oversight and to ensure maximized shareholder returns, both of which are key priorities for ICTSI.

Reporting directly to Enrique K. Razon Jr., ICTSI Chairman and President, Mr. O'Neil's responsibilities cover Global Corporate Finance, Controllership, Human Resources, and Corporate Affairs and Governance (Legal). He is also responsible for improving the efficiency of the group's non-operational spending and capital investment programs globally, working closely with Audit and Controls. Prior to ICTSI, Mr. O'Neil was Managing Director of JP Morgan & Co.

for 17 years, actively engaged in a wide range of investment banking activities such as project finance, capital markets and mergers and acquisitions in Hong Kong, London and New York. In his new role, Mr. Consing will oversee the continuous development and execution of a best-in-class financial and operational strategy and associated metrics directly linked to the Company's business goals and objectives. He will also have direct management responsibility for Global Corporate Treasury, Investor Relations and Corporate Insurance.

As Senior vice president and Controller, Mr. Sebastian will be responsible for Global Corporate Controllership including financial planning and budget analysis, consolidated financial reporting, corporate accounting and financial systems and associated policies.