Gerkens Named Landstar's Chairman of the Board
2009年12月19日 - 12:55AM
PRニュース・ワイアー (英語)
JACKSONVILLE, Fla., Dec. 18 /PRNewswire-FirstCall/ -- Landstar
System, Inc. (NASDAQ:LSTR), a non-asset based provider of
integrated supply chain solutions delivering safe, specialized
transportation, warehousing and logistics services, announced today
that its Board of Directors has appointed Landstar President and
CEO Henry H. Gerkens to the additional post of Chairman of the
Board effective January 4, 2010. Jeffrey C. Crowe, who currently
serves as Chairman will remain on the company's Board of Directors
and has been designated as Chairman emeritus in honor of his many
years of service. "Henry has been an integral part of Landstar
since its inception in 1988 and has done an excellent job leading
the company forward for many years now. His strategic vision has,
and will continue to keep Landstar on the cutting edge as it moves
into its next phase, providing supply chain solutions and complete
global and domestic transportation services," said outgoing
Landstar Chairman Jeffrey C. Crowe. Speaking on behalf of
Landstar's Board of Directors, Lead Independent Director Bill
Elston said, "Under Henry's leadership as President and CEO, the
company has expanded the service offerings available to its
customers. His appointment as Chairman is a logical choice and well
deserved. This appointment also underscores the succession planning
process in place at Landstar." Elston also thanked Jeff Crowe for
his many years of service to the company. "From the beginning, Jeff
has been instrumental in Landstar's success. Through their
contributions, Jeff and Henry have taken the company to new heights
and in turn created value for our stockholders." Gerkens began his
Landstar career as Vice President and Chief Financial Officer, and
was promoted to Executive Vice President and Chief Financial
Officer in 1994. In 2000, he was elected to the company's Board of
Directors. In June, 2001, Gerkens was promoted to President and
Chief Financial Officer and subsequently promoted again in December
2001 to President and Chief Operating Officer. In July, 2004, he
was promoted to President and CEO. The following is a "safe harbor"
statement under the Private Securities Litigation Reform Act of
1995. Statements contained in this press release that are not based
on historical facts are "forward-looking statements". This press
release contains forward-looking statements, such as statements
which relate to Landstar's business objectives, plans, strategies,
expectations and intentions. Terms such as "anticipates,"
"believes," "estimates," "intention," "plans," "predicts," "may,"
"should," "will," the negative thereof and similar expressions are
intended to identify forward-looking statements. Such statements
are by nature subject to uncertainties and risks, including but not
limited to: an increase in the frequency or severity of accidents
or workers' compensation claims; unfavorable development of
existing claims; dependence on independent sales agents; dependence
on third-party capacity providers; disruptions or failures in our
computer systems; a downturn in domestic or international economic
growth or growth in the transportation sector; substantial industry
competition; and other operational, financial or legal risks or
uncertainties detailed in Landstar's Form 10K for the 2008 fiscal
year, described in Item 1A Risk Factors, and other SEC filings from
time to time. These risks and uncertainties could cause actual
results or events to differ materially from historical results or
those anticipated. Investors should not place undue reliance on
such forward-looking statements, and Landstar undertakes no
obligation to publicly update or revise any forward-looking
statements. About Landstar: Landstar System, Inc. is a non-asset
based provider of integrated supply chain solutions. Landstar
delivers safe, specialized transportation, warehousing and
logistics services to a broad range of customers worldwide
utilizing a network of agents, third-party capacity owners and
employees. All Landstar transportation companies are certified to
ISO 9001:2000 quality management system standards. Landstar System,
Inc. is headquartered in Jacksonville, Florida. Its common stock
trades on The NASDAQ Stock Market® under the symbol LSTR.
http://www.landstar.com/ DATASOURCE: Landstar System, Inc. CONTACT:
Patty McMenamin, Landstar System, Inc., +1-904-390-1230 Web Site:
http://www.landstar.com/
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