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H. Merritt Lane III

H. Merritt Lane III is the President and Chief Executive Officer and Chairman of the Board of Canal Barge Company, Inc. He has served as President since 1994 and as a Director of that company since 1988. He is actively involved in industry affairs, having served as Chairman of the American Waterways Operators and the Waterways Council Inc. (the two leading national industry trade associations), and serving as a board member of the National Waterways Foundation and the U.S. Coast Guard Foundation. He also serves on the board of Pontchartrain Materials Company, a privately owned company based in New Orleans, LA, and he formerly served on the board of directors of Hibernia Homestead Bancorp, as well as on the board of International Shipholding Corporation, both publicly traded companies.

Prior to joining Canal Barge, Lane worked in the Corporate Finance Division at PaineWebber Inc. in New York City from 1983 to 1986 as a Financial Analyst and as an Associate in the Real Estate Finance Group. He graduated from the University of Virginia’s McIntire School of Commerce in 1983, receiving a Bachelor of Science degree with a concentration in Finance.  He currently serves on the board of the McIntire School of Commerce Foundation and is an active alumnus of the School.

Lane is also active in numerous civic, educational, and philanthropic organizations, having served as board Chair of Isidore Newman School, The Idea Village, and the Baptist Community Ministries Foundation (one of the largest private foundations in Louisiana). He currently serves on the boards for The Nature Conservancy of Louisiana, the Water Institute of the Gulf, the National World War II Museum, and Bricolage Academy; serves on the Executive Committee of the Bureau of Governmental Research and the Business Council of New Orleans and the River Region; and is a Board Member Emeritus of the Tulane University School of Public Health Dean’s Council. 

Lane and his wife, Eleanor (Elly), are both natives of New Orleans and proud to have three daughters affiliated with UVA: Caroline (25), who graduated in 2018; Sarah (22), who graduated in 2021; and Isabel (21), who graduates in 2022.