Retired Adm. Thomas B. Fargo has been named as president and CEO for Hawaii Superferry, the company announced late this afternoon.

Fargo's appointment is effective Monday.

John Garibaldi, the current CEO, will become vice chairman and continue to serve on the board of directors, a company statement said.

Fargo headed U.S. Pacific Command from May 2002 until February 2005 and retired from the Navy after 35 years of service. He also served as commander-in-chief of the U.S. Pacific Fleet.

He is a managing director of J.F. Lehman & Co., and serves on the boards of Hawaiian Airlines, Hawaiian Electric Industries and USAA, the company said.

He previously served as president of Trex Enterprises Corp.