American Commercial Barge Line (ACBL) announced the appointment of Peter Coxon as chief executive officer on Nov. 19, effective immediately. “This marks a significant step in ACBL’s transformative journey toward realizing its vision of being the trusted leader in marine transportation,” the company said in a press release.

“Over the last few years, ACBL has made important progress in a challenging market, laying the groundwork for future growth and strategic development. With [Coxon’s] direction, the company is positioned to seize new opportunities and continue its upward trajectory,” the release continued.

Most recently, Coxon served as CEO of Rand Logistics, a leading provider of bulk freight shipping and ship repair services throughout the Great Lakes Region. There, he led a successful turnaround, driving improved performance and synergies following Rand’s acquisition of American Steamship Company.

Coxon’s career includes senior leadership roles at organizations such as SEACOR Holdings Inc. (formerly NYSE: CKH), the Atlantic Richfield Company (ARCO), and Par Petroleum (now Par Pacific, NYSE: PARR). His leadership spans marine logistics and vessel construction, energy marketing and logistics, renewable fuels, and refining and marketing.

Before his private sector career, Coxon served 13 years as a commissioned officer in the United States Coast Guard and Coast Guard Reserve. Coxon holds two master’s degrees from the Massachusetts Institute of Technology (MIT) and an MBA in Finance from the University of Southern California. He is a graduate of the United States Coast Guard Academy.

Coxon joined the ACBL Board of Directors earlier this year.