Textainer Group Holdings Limited announced that effective upon the closing of the May 19, 2016 meeting of the Board of Directors of the Company, Mr. Neil I. Jowell, the current Chairman of the Board of Directors, tendered his resignation and Mr. Cecil Jowell, a member of the Board of Directors, also tendered his resignation As previously disclosed, Mr. James E. Hoelter did not seek re-election to the Board of Directors at the May 19, 2016 Annual Meeting of Shareholders. The remaining members of the Board of Directors approved the appointment of Mr. Iain Brown to serve the term of one of the Board vacancies caused by the Jowell brothers' retirement. This term shall conclude at the 2017 Annual Meeting of Shareholders. Mr. Iain Brown is a director of Container Investment Services Limited and has been providing administrative services and strategic advice to owners and investors in the container leasing industry for over twenty years. The Board of Directors also determined that Mr. Hyman Shwiel will serve as the Chairman of the Board of Directors and as the chair of the Compensation and Audit Committees of the Board of Directors. Mr. Dudley Cottingham will serve as the chair of the Corporate Governance and Nominating Committee of the Board.