FORT SMITH, Ark., Aug. 3, 2015 /PRNewswire/ -- ArcBest
Corporation (Nasdaq: ARCB), a leading provider of logistics
services to meet customer needs across the supply chain, today
announced two new members to the Board of Directors, Kathy D. McElligott and Stephen E. Gorman, effective July 28.
The two new directors bring the total board membership of
ArcBest to 11 from nine previously.
"Both Kathy and Steve bring tremendous experience and
credentials to our board," said ArcBest President and CEO
Judy R. McReynolds. "Kathy's vast
experience in the management of information technology and supply
chain, along with Steve's deep background in operations and
transportation management, will serve us well as we expertly solve
our customers' complex supply chain needs. I'm confident that
Kathy's and Steve's skills, expertise and insights will provide
value to our company."
Ms. McElligott, 59, is Executive Vice President and Chief
Information and Technology Officer of McKesson Corp. (NYSE: MCK), a
healthcare services and information technology company based in
San Francisco and the largest
pharmaceutical distributor in North
America. She joined McKesson on July
20, 2015, after serving as the Chief Information Officer and
Vice President, Information Technology at Emerson Electric Co.
since 2010. Prior to joining Emerson, she spent 22 years with
General Electric Company in multiple information systems leadership
roles, including CIO of supply chain at GE Aircraft Engines. She
holds a bachelor's degree in computer science from Kent State University and a MBA from Xavier University. She is former board president of
Connections to Success, a
St. Louis-based nonprofit
organization.
Mr. Gorman, 60, is CEO of privately held Borden Dairy Co., a
fresh milk and value-added dairy based in Dallas, where he has served since July 2014. Prior to that, he was Executive Vice
President and Chief Operating Officer of Delta Air Lines Inc. from
2008 until 2014. Mr. Gorman also served as the CEO and President of
Greyhound Lines Inc./Laidlaw Industries from 2003 to 2007 and held
leadership positions at Krispy Kreme Doughnuts Inc. and Northwest
Airlines, among others. He serves currently on the board of
Aeromexico and in the past has served on the boards of Greyhound
Lines, Rohn Industries, Timco Aviation and as chairman of the board
at Pinnacle Airlines from 2003 to 2007. He holds a bachelor's
degree in economics from Eureka College
and a MBA from Bradley University.
About ArcBest
ArcBest Corporationsm (Nasdaq: ARCB) solves complex
logistics and transportation challenges. Our companies and brands –
ABF Freightsm, ABF Logisticssm, Panther
Premium Logistics®, FleetNet
America®, U-Pack® and ArcBest
Technologies – apply the skill and the will with every shipment and
supply chain solution, household move or vehicle repair. ArcBest
finds a way.
For more information, visit arcb.com, abf.com,
pantherpremium.com, fleetnetamerica.com and upack.com. ArcBest
Corporationsm. The Skill &The Willsm.
Forward-Looking Statements
Certain statements and information in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Terms such as
"anticipate," "believe," "could," "estimate," "expect," "forecast,"
"foresee," "intend," "may," "plan," "predict," "project,"
"scheduled," "should," "would" and similar expressions and the
negatives of such terms are intended to identify forward-looking
statements, which are generally not historical in nature. These
forward-looking statements are based on management's current
expectations and beliefs concerning future developments and their
potential effect on us. Although management believes that these
forward-looking statements are reasonable, as and when made, there
can be no assurance that future developments affecting us will be
those that we anticipate. Our forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from our historical experience and management's present
expectations or projections. Important factors that could cause our
actual results to differ materially from those in the
forward-looking statements include, but are not limited to: costs
of continuing investments in technology, a failure of our
information systems and the impact of cyber incidents; disruptions
or failures of services essential to the operation of our business
or the use of information technology platforms in our business;
governmental regulations and policies; litigation or claims
asserted against us; union and nonunion employee wages and
benefits, including changes in required contributions to
multiemployer pension plans; competitive initiatives, pricing
pressures, the effect of volatility in fuel prices and the
associated changes in fuel surcharges on securing increases in base
freight rates and the inability to collect fuel surcharges; general
economic conditions and related shifts in market demand that impact
the performance and needs of industries served by ArcBest
Corporation's subsidiaries and/or limit our customers' access to
adequate financial resources; unfavorable terms of, or the
inability to reach agreement on, future collective bargaining
agreements or a workforce stoppage by our employees covered under
ABF Freight's collective bargaining agreement; relationships with
employees, including unions, and our ability to attract and retain
employees and/or independent owner operators; availability of fuel;
default on covenants of financing arrangements and the availability
and terms of future financing arrangements; availability and cost
of reliable third-party services; increased competition from
freight transportation service providers outside the motor carrier
freight transportation industry; timing and amount of capital
expenditures, increased prices for and decreased availability of
new revenue equipment and decreases in value of used revenue
equipment; future costs of operating expenses such as maintenance
and fuel and related taxes; self-insurance claims and insurance
premium costs; environmental laws and regulations, including
emissions-control regulations; potential impairment of goodwill and
intangible assets; the impact of our brands and corporate
reputation; the cost, timing and performance of growth initiatives;
the cost, integration and performance of any future acquisitions;
weather conditions; and other financial, operational and legal
risks and uncertainties detailed from time to time in ArcBest
Corporation's Securities and Exchange Commission public
filings.
For additional information regarding known material factors that
could cause our actual results to differ from our projected
results, please see our filings with SEC, including our Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q and Current
Reports on Form 8-K.
Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date hereof.
We undertake no obligation to publicly update or revise any
forward-looking statements after the date they are made, whether as
a result of new information, future events or otherwise.
Investor Relations Contact: David
Humphrey
|
Media Contact: Kathy Fieweger
|
Title: Vice President – Investor
Relations
|
Title: Chief Marketing Officer
|
Phone: 479-785-6200
|
Phone: 479-719-4358
|
Email: dhumphrey@arcb.com
|
Email: kfieweger@arcb.com
|
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SOURCE ArcBest Corporation