Horizon Lines Appoints Stephen H. Fraser as Interim CEO

Horizon Lines, Inc. HRZ today announced that the company's Board of Directors has named Alex J. Mandl to the position of Chairman and appointed Stephen H. Fraser as interim President and Chief Executive Officer (CEO), succeeding Chairman, President and Chief Executive Officer Charles G. "Chuck" Raymond, who is retiring. Additionally, Brian W. Taylor has been named Executive Vice President and Chief Operating Officer (COO), succeeding John V. Keenan, who has been granted a leave of absence. Mr. Taylor assumes the COO responsibilities in addition to his current role as Chief Commercial Officer. At the same time, the Board has promoted Michael T. Avara from Senior Vice President and Chief Financial Officer to Executive Vice President and Chief Financial Officer. All changes are effective March 11, 2011.