Thomas B. Crowley, Jr. has served as Chief Executive Officer and Chairman of the Board of Directors since 1994, succeeding his father and grandfather in such roles dating back to the company’s founding in 1892. Today, Crowley is a U.S.-based, $2 billion-a-year marine solutions, energy and logistics services company with operations around the world.
Under Mr. Crowley’s leadership, the company has sold non-core and/or underperforming businesses, such as its South America liner services operation, California passenger services business, and Alaska all-terrain transportation company, while making a series of acquisitions to allow Crowley to expand into areas of opportunity such as logistics, petroleum transportation and distribution, ship management, marine salvage and wreck removal, naval architecture and engineering, project management and LNG services.
He has focused on building the company relative to its expertise on water, while leveraging other asset-light areas of expertise to develop a portfolio of businesses that offer both strong integration and diversification of risk.
In recent years, for example, Mr. Crowley has guided the company through the largest, most technically demanding marine salvage project in history – the refloating and removal of the Italian cruise ship Costa Concordia. In another example of the company’s diversification and innovation, Crowley is leveraging the abundance of natural gas in the U.S., to distribute LNG to industrial customers throughout the Caribbean and Latin America who want to reduce both their electric bills and carbon footprint. Additionally, the company is gaining recognition for its LNG subject matter expertise and related services in that space, including project management and naval architecture and marine engineering.
A staunch supporter of the American maritime industry, Mr. Crowley has invested billions of dollars during his tenure in the construction of American built tugboats, heavy-lift flat-deck barges, articulated tug barges (ATBs), tankers and now, LNG-powered ConRo ships for use in the U.S.-Puerto Rico trade, utilizing best-available technology with a focus on safety, environmental protection, performance and efficiency. And the company’s growth plans call for further investment in a variety of new vessels over the next several years.
Recognizing the importance of having knowledgeable, skilled and safe employees, Mr. Crowley has dedicated a significant amount of his attention to employee education, management training and other initiatives to build a collaborative, high-performance culture. He has placed safety at the center of everything the company does and is challenging employees to achieve the goal of doing zero harm to people, property and the environment.
Mr. Crowley holds a business finance degree from the University of Washington. Away from work Mr. Crowley lends his time and expertise to a number of organizations. He is on the board of directors of the World Shipping Council, an advisory board member at the University of Washington’s Foster School of Business, and a longstanding member of the Young Presidents Organization.