CAI International, Inc. Announces Appointment of New CEO and CFO (CAP)

CAI International CAP, one of the world's leading lessors of intermodal freight containers, today announced the following organizational changes: * Mr. Masaaki (John) Nishibori, CAI's President and Chief Executive Officer, has announced his retirement effective at the annual stockholders meeting on June 3, 2011. Mr. Nishibori will remain a director of the Company. Upon Mr. Nishibori's retirement, the Company's new President and Chief Executive Officer will be Mr. Victor Garcia. Mr. Garcia has been with CAI since November 2006, when he joined the Company as its Senior Vice President and Chief Financial Officer. Mr. Garcia held that position until his appointment to Senior Vice President and Chief Operating Officer in September, 2010. From July 1990 to October 31, 2006, he was employed by Banc of America Securities, the investment banking subsidiary of Bank of America, where he was a Managing Director and senior banker in the Transportation Group within the Global Corporate and Investment Bank. Mr. Garcia's current position as Senior Vice President and Chief Operating Officer will not be filled.