FORT SMITH, Ark., Dec. 9, 2019 /PRNewswire/ -- ArcBest®
(Nasdaq: ARCB), a leading logistics company with creative problem
solvers who deliver innovative solutions, today announced that
William M. Legg will retire from the
Board of Directors in 2020 and that one new director has been
added.
The new director is Fredrik J.
Eliasson, whose term began Dec.
5. The appointment of Eliasson to the board brings the total
ArcBest board membership to 10 until Legg's retirement in
May 2020.
Legg was elected to the board in April
2002 and is a member of the Audit Committee. He will retire
at the conclusion of ArcBest's annual meeting of stockholders in
2020, as he will have reached the company's mandatory retirement
age.
"We are very grateful to Bill
Legg for his service to our company," said Judy R. McReynolds, ArcBest chairman, president
and CEO. "Over the past 18 years, Bill has helped guide our company
with his tremendous transportation and logistics knowledge and
capital markets expertise. He has played an instrumental role on
our board, and we will miss his wise counsel. I wish him all the
best in retirement."
Eliasson, 48, is executive vice president and chief financial
officer of Change Healthcare Inc. (Nasdaq: CHNG). He joined Change
Healthcare in 2018 after a 22-year career at CSX Corporation, where
he served as executive vice president and chief financial officer,
as well as chief sales and marketing officer. Change Healthcare is
one of the largest independent healthcare IT companies in
the United States.
"With his expertise in finance, logistics and technology,
Fredrik brings to the board a broad, strategic skill set that will
be a great resource for ArcBest as we build informed, trusted,
innovative relationships with shippers and capacity providers in
our rapidly evolving industry," McReynolds said.
Eliasson will be appointed to the Audit Committee effective
Jan. 1, 2020. Shareholders elect
ArcBest directors annually. Eliasson will be up for election to a
new term at the company's 2020 annual meeting.
ABOUT ARCBEST
ArcBest® (Nasdaq: ARCB) is a leading logistics company with
creative problem solvers who deliver innovative solutions. We'll
find a way to deliver knowledge, expertise and a can-do attitude
with every shipment and supply chain solution, household move or
vehicle repair. At ArcBest, we're More Than LogisticsSM.
For more information, visit arcb.com.
Media Contact: Kathy Fieweger
Email: kfieweger@arcb.com
Phone: 479-719-4358
Investor Relations Contact: David
Humphrey
Title: Vice President – Investor Relations
Email: dhumphrey@arcb.com
Phone: 479-785-6200
View original content to download
multimedia:http://www.prnewswire.com/news-releases/arcbest-board-director-to-retire-new-member-added-300971674.html
SOURCE ArcBest