CORRECTING and REPLACING – Patriot Transportation Holding, Inc. Announces Departure of CEO
March 13 2017 - 9:04AM
In a release issued today by Patriot Transportation Holding, Inc.
(Nasdaq:PATI), please note the headline was incorrect. It should
read as above, Departure of CEO, not Departure of Chairman and CEO
as previously stated. The release follows:
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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