Sal Litrico

Sal Litrico, Vice President, TECO Ocean Shipping, will be promoted to President of TECO Transport. Litrico will assume his new position July 1, 2004. Rankin will remain as assistant to the chief operating officer until September 1, 2004. Sal Litrico has been with TECO Transport for 10 years and has a clear understanding of the vision and values of TECO Transport, as well as its other operating companies. He has more than 25 year’s experience in the maritime transportation industry.