TT Club appoints three new directors
Bermuda-registered Through Transport Mutual insurance Association (TT Club) has appointed three new non-executive directors with wide experience of freight handling and logistics.
The mutual insurer, which insures freight handlers and port and terminal operators around the world, named directors from around the world it its board.
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.
Wendy Chien is 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 chief executive 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.
TT CEO Charles Fenton said: “Our board of directors represents those organisations that we insure. They characterise 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.”
TT noted that as a mutual, it 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 company said.
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