CAI Int'l (CAP) Appoints CFO Garcia as CEO; Other Mgmt. Changes Announced

CAI International, Inc. (NYSE: CAP) reports the following management changes:

• Masaaki (John) Nishibori, CAI’s President and Chief Executive Officer, has announced his retirement effective at the annual stockholders meeting on June 3, 2011;
  
  
• Upon Mr. Nishibori’s retirement, the Company’s new President and Chief Executive Officer will be Victor Garcia. Garcia has been with CAI since November 2006, when he joined the Company as its Senior Vice President and Chief Financial Officer;
  
  
• Timothy Page will join CAI as its Senior Vice President and Chief Financial Officer effective in the middle of May; and
  
  
• Gary Sawka will resign from his position as Interim Chief Financial Officer effective upon Mr. Page’s effective employment date and will be nominated in CAI’s 2011 proxy statement to CAI’s Board of Directors for approval at the annual stockholders meeting on June 3, 2011.

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