Patriot Transportation Holding, Inc. Announces Departure of Chairman and CEO
March 13 2017 - 8:30AM
Patriot Transportation Holding, Inc. (NASDAQ:PATI) today announced
that Thompson S. Baker II, its Chairman and Chief Executive
Officer, has resigned his CEO position to accept a new position as
Senior Vice-President of Vulcan Materials Company. Mr. Baker
will continue to serve as the Company’s Chairman of the Board. In
turn the Board has promoted our Vice-President, Robert E. Sandlin,
to the President and CEO position. All of these changes are
effective March 13, 2017.
John E. Anderson, the Board’s lead independent
director, stated: “The Company has been extremely fortunate to have
had the excellent services of Tom Baker as CEO for these past six
plus years. Under his leadership, we have become an independent
public company earning excellent returns on capital in some very
challenging times in the transportation industry. We sincerely
thank Tom for his contribution as CEO and his continuing
contribution as Board Chairman.”
Contact:
John D. Milton, Jr.
Chief Financial Officer
904/858-9100
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