Expeditors' R. Jordan Gates Announces Future Plans
01 April 2015 - 10:39PM
Business Wire
Expeditors International of Washington, Inc. (NASDAQ: EXPD),
today announced that R. Jordan Gates, President and Chief Operating
Officer, has informed the Company of his desire to retire in 2015
and, accordingly, that he will not stand for re-election to the
Board of Directors at the next Annual Meeting of Shareholders on
May 21, 2015. The Company expects to announce Mr. Gates’ retirement
date upon the naming of his replacement and completion of a
transition plan, which is expected to be finalized later this
year.
Mr. Gates joined the Company in February of 1991 as Controller
of Europe, a time when the roots of the organization had been
firmly planted in Asia and North America but expansion plans in
Europe were just beginning. His leadership skills and work ethic
were quickly recognized and his role expanded far beyond the more
traditional duties of a controller. Mr. Gates was deeply involved
with the opening of European offices, advances in operations, and
installation and development of computer systems. His early work in
Europe is a large part of the reason the Company enjoys successes
in Europe today.
Following his success in Europe, Mr. Gates was asked in 1994 to
take over as the Company’s Chief Financial Officer. During his 14
years as CFO, the Company’s revenues grew from $361 million to over
$5.6 billion through significant growth in its core operations, new
service offerings and international expansion. Mr. Gates was
instrumental in developing people, always his first priority, and
establishing policies, systems and controls that were able to
process this growth while embedding sound financial principles and
comprehensive reporting. He also played a key role in development
of the Company strategies and information technology and systems.
Mr. Gates joined the Board of Directors in 2000.
On January 1, 2008, Mr. Gates was then promoted to the position
of President and Chief Operating Officer where his duties include
managing the Company’s Products and Services. During this tenure he
also had responsibility for the Company’s financial, legal and
information system activities. It is safe to say that Jordan has
touched the lives of hundreds of individuals in the Expeditors
family.
“I’ve had a very unique perspective of Jordan over the years.
I’ve seen Jordan from afar, worked directly for him in my role as
CIO, and have most recently had Jordan work for me in my role as
CEO. His unique way of relating complex problems to simple
anecdotes to develop understanding and solutions will be greatly
missed. While I could provide pages of things that I admire in
Jordan, it is his integrity that shines the brightest,” said
Jeffrey S. Musser, President and CEO. “Jordan is an individual that
has never been caught up in titles, roles, and responsibilities,
and instead, has always focused on what is right for the
organization, its employees, and its customers. As I think about
where we stand today with the quality of our financials and our
commitment to being a compliant organization, we all owe a debt of
gratitude to Jordan for his work in driving these founding
principles,” Musser said.
“For those of you who know Jordan, you know that history and
quotes are very important to him. I think the following quote from
Dwight D. Eisenhower, sums up very well what we all see in Jordan
'The supreme quality for leadership is unquestionable integrity.
Without it, no real success is possible, no matter whether it is on
a section gang, a football field, in an army, or in an office,' ”
Musser concluded.
“Not everyone has the opportunity to join a small, vibrant
Company with a unique culture and be part of a fantastic story that
sees the Company ultimately emerge as part of the Fortune 500. That
culture, which defines and differentiates us, has allowed
Expeditors to achieve levels of performance that quite frankly, we
would have been afraid to even dream of 25 years ago. It’s been a
great privilege to work with such a talented and outstanding group
of people during my career at Expeditors. That starts with our
founders, extends to our current senior management team, and all
the other people in between. I’d be remiss to not take this
opportunity to say thank you to each and every one of them,” said
Mr. Gates.
“Turning 60 brings with it a natural point of reflection.
Looking back and looking forward, having experienced the successful
transition of our new leadership team and having completed our
strategic assessment and the implementation of our strategic
initiatives, now seems to be the logical time to prepare to step
away. Expeditors has provided me with the opportunity to pursue
more exclusively those other long-standing parts of life that are
most meaningful to us all, and do so while I’m still young enough
to make the most of them. For that, I’ll be continuously grateful.
While I won’t always be an Expeditors employee, I do intend to
always remain an Expeditors shareholder,” Mr. Gates said.
Expeditors is a global logistics company headquartered in
Seattle, Washington. The company employs trained professionals in
186 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,
warehousing and distribution and customized logistics
solutions.
Expeditors International of Washington, Inc.Jeffrey S. Musser,
206-674-3433President and Chief Executive Officer
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