Expeditors Appoints Chief Strategy Officer and Names New President of Global Geographies and Operations
January 19 2017 - 5:52PM
Expeditors International of Washington, Inc. (NASDAQ:EXPD) today
announced the appointment of Philip M. Coughlin to the newly
created position of Chief Strategy Officer, reporting directly to
President and Chief Executive Officer, Jeff Musser. Mr. Coughlin
will establish and oversee a core Strategy Group within Expeditors,
comprised of current employees with a deep understanding of our
products, services and technology, and external individuals with
expertise in supply chain management, data and market analysis, and
technology.
Mr. Musser commented, “Over the past couple of years
the Company has done a fantastic job of laying out a core
strategy and executing against that strategy that has led to growth
of the core business. That said, the rate of change in our markets
is accelerating. To grow our leadership position, we are dedicating
significant resources and forming a core group of highly
experienced individuals to explore new areas of opportunity.
Phil’s deep background in global customer engagement and knowledge
of our industry makes him the right person to head up this team,
which will be focused on exploring new avenues for innovation,
differentiation and expansion. With new technologies coming online,
and changes in the transportation markets, it’s vital that we
further commit to investing the resources needed to identify new
opportunities, leverage our network, expand our product offerings,
and continue to enhance our technology. Shippers have many options
for moving their freight. While our customers know that they can
always count on us to provide the highest level of service, they
should also know that they can continue to count on us as the
market leader as we expand our investment in future technologies
and opportunities to optimize their supply chain and related
systems.”
Mr. Coughlin has been with the Company for 31 years and is
currently serving as President of Global Geographies and
Operations. He also served as Global Leader of Tradewin,
Expeditor’s wholly owned global trade compliance consulting firm;
Executive Vice President of Expeditors North America; and Regional
Vice President of Expeditor’s Northeast, Canada, and Northern
Border. He earned a B.A. in Liberal Arts and Sciences from the
University of Illinois, and a J.D. from The John Marshall Law
School.
Mr. Musser also announced the appointment of Richard H. Rostan
to President of Global Geographies and Operations. He is currently
Executive Vice President of the Americas. With this promotion, he
will lead the operations for all five geographic regions and the 62
nations in which the Company conducts business. Mr. Rostan will
report directly to Mr. Musser.
“Rick has a tremendous knowledge of our operations, our markets,
and our customers, which are all vital to our continued focus on
executing against our core strategies for growth,” Mr. Musser
noted. “I’ve worked with Rick for most of my career. He is a strong
leader and motivator with a customer-centric view to enhancing our
operations around the world. I am confident that Rick will continue
to build upon the foundation that Phil has laid over the past
couple of years.”
Mr. Rostan joined the Company in 1985 and was promoted to
Chicago District Manager in 1987, Regional Vice President in 1995,
and Senior Vice President of Global Distribution in 2012. He was
elected Executive Vice President, Americas in 2015. He has a B.A.
from Dana College.
Both appointments become effective on February 28, 2017.
Expeditors is a global logistics company headquartered in
Seattle, Washington. The Company employs trained professionals in
187 full-service offices and numerous satellite locations located
on six continents linked into a seamless worldwide network through
integrated information management systems. Services include the
consolidation or forwarding of air and ocean freight, customs
brokerage, vendor consolidation, cargo insurance, time-definite
transportation, order management, warehousing distribution and
customized logistics solutions.
CONTACTS:
Jeffrey S. Musser
President and Chief Executive Officer
(206) 674-3433
Bradley S. Powell
Senior Vice President and Chief Financial Officer
(206) 674-3412
Geoffrey Buscher
Director - Investor Relations
(206) 892-4510
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