Jeffrey S. Musser Elected as Expeditors' New Chief Executive Officer
20 Dezember 2013 - 2:39AM
Business Wire
Expeditors International of Washington, Inc. (NASDAQ:EXPD), a
global logistics company, today announced that its Board of
Directors unanimously elected Executive Vice President and Chief
Information Officer Jeffrey S. Musser, 47, as Director, President
and Chief Executive Officer to succeed Peter J. Rose, 70, as Chief
Executive Officer, effective March 1, 2014.
“Jeff has distinguished himself at every level of endeavor
throughout his 31-year career at Expeditors,” said current CEO
Peter J. Rose. “Throughout that time, Jeff has never been given an
assignment where he hasn’t exceeded expectations. He embodies all
that Expeditors’ culture intends to create and reinforce in its
people and particularly in its leaders. In short, Jeff is the
ultimate Expeditors success story and we congratulate him on this
appointment,” Rose commented.
The Company had previously announced that a CEO Selection
Committee comprised of independent members of the Board of
Directors had been formed to select Mr. Rose’s replacement from
among a list of qualified internal candidates identified in
consultation with Rose and the Company’s executive leadership.
“Expeditors’ success has always been strongly rooted in and
driven by its culture and in the underlying values it reinforces.
One of those values is management tenure,” said Robert R. Wright,
Lead Independent Director. “The CEO Selection Committee recognized
that in replacing someone as iconic as Peter Rose, both at
Expeditors and in the global logistics industry, an internal
candidate would have the greatest chance of success in leading the
Company. Fortunately the depth of the Company’s management team
allowed us to identify and choose from among a group of exceptional
candidates.
“As a result of our rigorous selection process, the committee
recognized Mr. Musser’s mix of tenure and his unique portfolio of
experience, having had both field and global corporate leadership
responsibilities, combined with his background in the increasingly
critical information technology (IT) discipline, as differentiating
factors in the selection process,” Wright went on to say. “Jeff
spent the first 22 years of his career in progressively responsible
roles in field operations where he also became a licensed customs
broker. This included ten years spent in the District Manager (DM)
position of one of the Company’s largest branches. His
accomplishments as a DM resulted in his promotion to Regional Vice
President (RVP), where he also distinguished himself. His last nine
years at the corporate office, as Executive Vice President and
Chief Information Officer (CIO), in addition to rounding out a very
broad and seasoned leadership profile, have given him a wealth of
global experience. Because of IT’s role in touching every facet of
the organization, Jeff has developed a very distinctive and
encompassing management perspective. Jeff is exceptionally
well-qualified, in the eyes of the Selection Committee, to lead
Expeditors for the next generation. The Selection Committee made
our recommendation to the other independent outside directors, who
also agreed with our assessment. This recommendation was made and
unanimously approved by the full Board of Directors this morning.
We’re excited about Jeff’s appointment and we’re confident that
he’ll do a superb job,” Wright concluded.
“Being asked by the Board to lead a Company as dynamic and
successful as Expeditors, while a great privilege, is at the same
time, quite humbling,” Mr. Musser said. “Following in the footsteps
of an industry legend like Peter Rose will be an enormous challenge
in and of itself. Anyone who has spent any time at Expeditors, and
understands our culture and values, comprehends that this role is
much more about service and responsibility than it is about
personal notoriety or individual accomplishment. We have a great
team here at Expeditors, and that will enable us all to confidently
and successfully work together to meet the new challenges that
await us. Expeditors was built by people who, as a team, have
realized unique achievements through making unselfish individual
sacrifices to build a company that identifies the treatment of its
employees and the delivery of exemplary customer service as
paramount pillars upon which all other strategies are implemented.
We have great leadership talent within our ranks, and that far
transcends the mere expectations of good management. We recognize
the example we set in how we take care of and motivate our people
is the way our people will take care of and service our customers,
which in turn creates shareholder value. We’ve always succeeded as
a team, and my primary purpose as CEO will be to make sure
team-oriented alignment will continue to drive our strategies and
execution. Those philosophies will never be out of vogue at
Expeditors. In this new role, I look forward to continuing to
emphasize that these values will remain the keystone of our success
as I meet with our people, our customers, our service providers and
our shareholders,” Musser concluded.
“Jeff is an outstanding choice from among a slate of
well-qualified internal candidates, any of whom would have done a
great job. He is someone whom we can all rally behind as CEO to
keep Expeditors moving forward. His commitment to our employees,
our customers and to our service providers is proven and
unquestioned. His IT knowledge is critical. He’s been a messenger,
he’s been a DM, he’s been an RVP and he’s been our corporate CIO
for nine years and excelled at all. He’s always ‘walked the talk.’
To use a phrase with an uniquely Expeditors meaning…‘Jeff gets
it!’…and he’s always ‘gotten it’ and he’ll always ‘get it.’ The
company James (James Wang, President-Asia Pacific and a co-founder)
and I envisioned nearly 33 years ago, and subsequently created
through the contributions of all of our people over the years will
be in sound, steady hands with Jeff at the helm,” Rose
concluded.
Expeditors is a global logistics company headquartered in
Seattle, Washington. The company employs trained professionals in
188 full-service offices and numerous satellite locations located
on six continents linked into a seamless worldwide network through
an integrated information management system. Services include the
consolidation or forwarding of air and ocean freight, customs
brokerage, vendor consolidation, cargo insurance, domestic time
definite transportation services, purchase order management,
distribution and warehousing, and customized logistics
solutions.
Expeditors International of Washington, Inc.R. Jordan Gates,
206-674-3427President and Chief Operating OfficerorBradley S.
Powell, 206-674-3412Senior Vice President and Chief Financial
Officer
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