HOUSTON, Aug. 17, 2017 /PRNewswire/ -- Kirby
Corporation ("Kirby") (NYSE: KEX) today announced that C. Andrew Smith, Executive Vice President and
Chief Financial Officer of Kirby, has informed Kirby that he is
resigning from his position effective September 7, 2017 to accept another
opportunity.
David Grzebinski, Kirby's
President and Chief Executive Officer, commented, "Andy has been a
valuable contributor during his three years with Kirby, and we wish
him all the best in his future endeavors." Kirby has
commenced a search for a successor Chief Financial Officer.
Mr. Smith will continue in his role as Chief Financial Officer
until the effective date of his resignation. Mr. Grzebinski
will then serve in the dual roles of Chief Executive Officer and
Chief Financial Officer on an interim basis until Kirby identifies
a new Chief Financial Officer.
Statements contained in this press release with respect to the
future are forward-looking statements. These statements
reflect management's reasonable judgment with respect to future
events. Forward-looking statements involve risks and
uncertainties. Actual results could differ materially from
those anticipated as a result of various factors, including
cyclical or other downturns in demand, significant pricing
competition, unanticipated additions to industry capacity, changes
in the Jones Act or in U.S. maritime policy and practice, fuel
costs, interest rates, weather conditions and timing, magnitude and
number of acquisitions made by Kirby. Forward-looking
statements are based on currently available information and Kirby
assumes no obligation to update any such statements. A list
of additional risk factors can be found in Kirby's annual report on
Form 10-K for the year ended December 31,
2016 filed with the Securities and Exchange
Commission.
Kirby Corporation, based in Houston,
Texas, is the nation's largest domestic tank barge operator
transporting bulk liquid products throughout the Mississippi River
System, on the Gulf Intracoastal Waterway, coastwise along all
three United States coasts, and in
Alaska and Hawaii. Kirby
transports petrochemicals, black oil, refined petroleum products
and agricultural chemicals by tank barge. Kirby also operates
offshore dry-bulk barge and tugboat units engaged in the offshore
transportation of dry-bulk cargoes in the
United States coastal trade. Through the diesel engine
services segment, Kirby provides after-market service for
medium-speed and high-speed diesel engines and reduction gears used
in marine and power generation applications. Kirby also
distributes and services diesel engines, transmissions and pumps,
and manufactures and remanufactures oilfield service equipment,
including pressure pumping units, for land-based oilfield service
and oil and gas operator and producer markets.
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SOURCE Kirby Corporation