TAMPA, Fla., May 15 /PRNewswire-FirstCall/ --
Quality Distribution, Inc. (NASDAQ:QLTY) announced the election of Thomas M. White as Chairman of the Board. Tom is currently an operating partner for Apollo Management L.P. specializing in the distribution and transportation industry. Prior to Apollo Management, Tom was Senior Vice President, Chief Financial Officer and Treasurer of Hub Group, Inc. from 2002 to 2007. Tom began his career at Arthur Andersen where he spent 23 years in a variety of partner leadership roles.
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Gary Enzor, President and CEO, stated, "I have already had the privilege of working with Tom for the last three months. He has been a great asset in helping our management team select the Vital Few initiatives necessary to transform our company. His relentless focus on executing the Vital Few is accelerating the improvements in our cost structure and business model that will make us much stronger in the marketplace and more profitable in the near term. I look forward to working with him both at the Board level and as a key advisor in executing our turnaround."
Tom said, "I am excited about the opportunity to work in Tampa with Gary and his management team. Quality is uniquely positioned as the leader in the bulk transportation market and is currently focusing on a handful of key initiatives to unlock value. In fact, we have already taken certain actions which are designed to expand margins and improve shareholder returns. We want to become more consistent and competitive and leverage our scale advantage to gain share moving forward."
Headquartered in Tampa, Florida, Quality Distribution, Inc. through its subsidiary, Quality Carriers, Inc., and through its affiliates and owner- operators, provides bulk transportation and related services. The Company also provides tank cleaning services to the bulk transportation industry through its QualaWash(R) facilities. Quality Distribution is an American Chemistry Council Responsible Care(R) Partner and is a core carrier for many of the Fortune 500 companies that are engaged in chemical production and processing.
Founded in 1990, Apollo is a leading private equity and capital markets investor with more than 18 years of experience investing across the capital structure of leveraged companies. The firm employs over 175 professionals and has offices in New York, Los Angeles, London, Singapore, Frankfurt and Paris. Apollo has assets under management of more than $40 billion of capital across a wide variety of industries both domestically and internationally. The firm's most recent private equity fund, Apollo Investment Fund VI, L.P., and its co- investment affiliate have capital commitments of approximately $11.6 billion.
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Contact: Timothy B. Page
Senior Vice President and Chief Financial Officer
800-282-2031 ext. 7376
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DATASOURCE: Quality Distribution, Inc.
CONTACT: Timothy B. Page, Senior Vice President and Chief Financial
Officer of Quality Distribution, Inc., +1-800-282-2031 ext. 7376
Web site: http://www.qualitydistribution.com/