Janel World Trade, a global provider of integrated logistics and environmental services, has appointed Phil Dubato as executive vice president (EVP) of finance. Most recently, Dubato served as vice president, chief financial officer (CFO) and as a member of the board of directors for Target Logistics, a global logistics company.
Dubato brings nearly 25 years senior financial management experience in the global logistics sector, including 12 years at Target, which he joined in 1996 as vice president and CFO. He was instrumental in the successful acquisition and merger of an independent business unit into Target in 1997, providing the company with a quality infrastructure and business model for future expansion. The growth of Target was accomplished through acquisition, internal sales growth and the addition of agents in strategic markets where he provided the financial leadership over six acquisitions in a six-year period. Target, with sales volume of approximately US$180m, was sold to an overseas company in November 2007.
Over a period of 13 years prior to joining Target, Dubato held a variety of key financial management positions with LEP Profit International, the US subsidiary of a European international freight forwarding company with sales volume of approximately US$400m. By the time of his departure from LEP, Dubato last held the position of vice president and CFO – North America from 1992 to 1996.
Dubato will report directly to Janel EVP and chief executive officer James Jannello. He has responsibility for the company’s finance, corporate controls, investor relations and strategic financing initiatives for its future growth strategy and the optimisation of profits.
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