Daseke Names Bharat Mahajan Chief Financial Officer
July 02 2018 - 9:10AM
Business Wire
Daseke Inc., (NASDAQ: DSKE) (NASDAQ: DSKEW), the largest
flatbed, specialized transportation and logistics solutions company
in North America, today announced the appointment of Bharat Mahajan
as the company’s new chief financial officer. Mahajan will assume
the role of CFO from Scott Wheeler, who was named Daseke’s
president earlier this year.
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Bharat Mahajan will assume role of Daseke
CFO from Scott Wheeler, who was named Daseke's president earlier
this year. (Photo: Business Wire)
Mahajan previously served as CFO for Aveda Transportation and
Energy Services, which merged with Daseke in June. Mahajan, who
will work at Daseke’s Dallas-area headquarters, brings the company
a wealth of knowledge and experience.
“As a leader of the financial team of a publicly-traded
transportation company, Bharat has a proven record of helping
businesses grow while maximizing profitability,” said Don Daseke,
company CEO and chairman.
“We are very pleased to bring Bharat on as our new CFO,” added
Wheeler. “Bharat did an impressive job while at Aveda. His work is
of the highest caliber, and our values are closely aligned -- he
believes in building teams that make the whole organization better.
He’s a perfect fit to help us achieve our vision of continued
growth as a leading consolidator and North America’s largest owner
of flatbed and specialized transportation capacity.”
“I’ve watched Daseke for some time,” said Mahajan. “The honesty,
integrity and transparency are very apparent with Don Daseke, Scott
Wheeler and the rest of the Daseke team. It’s very synergetic with
the way I’ve always approached business and financial propositions.
I look forward to continuing a positive people-culture for the
Daseke financial team in our work with the operating companies, as
well as with our external stakeholders.”
Mahajan’s track record at Aveda included leading a team that
negotiated with, acquired and successfully integrated six
companies. He also helped raise revenue by eightfold between early
2016 and early 2018.
“Bharat impressed us from Day One and is a strong fit with our
company culture,” Daseke said. “He’s a rising star in the financial
world and has accomplished so much so soon. His strong background
and focus on people first will enable him to do great things at
Daseke.”
About Daseke Inc.
Daseke Inc. is a leading consolidator and the largest owner of
flatbed and specialized transportation and logistics capacity in
North America. Daseke offers comprehensive, best-in-class services
to many of the world’s most respected industrial shippers through
experienced people, more than 5,500 tractors, more than 11,500
flatbed and specialized trailers, and million-plus square feet of
industrial warehousing space. Daseke is uniquely positioned as the
largest carrier, yet has only a small percent market share, of the
highly fragmented flatbed and specialized transportation market.
For more information, please visit www.daseke.com.
Forward-Looking Statements
This presentation includes “forward-looking statements” within
the meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"forecast," "intend," "seek," "target," “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “outlook,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Projected
financial information are forward-looking statements.
Forward-looking statements, including those with respect to
revenues, earnings, performance, strategies, prospects and other
aspects of the business of Daseke, are based on current
expectations that are subject to risks and uncertainties. A number
of factors could cause actual results or outcomes to differ
materially from those indicated by such forward-looking statements.
These factors include, but are not limited to, general economic
risks (such as downturns in customers’ business cycles and
disruptions in capital and credit markets), driver shortages and
increases in driver compensation or owner-operator contracted
rates, loss of senior management or key operating personnel,
Daseke’s ability to recognize the anticipated benefits of recent
acquisitions, Daseke’s ability to identify and execute future
acquisitions successfully, seasonality and the impact of weather
and other catastrophic events, fluctuations in the price or
availability of diesel fuel, increased prices for, or decreases in
the availability of, new revenue equipment and decreases in the
value of used revenue equipment, Daseke’s ability to generate
sufficient cash to service all of its indebtedness, restrictions in
Daseke’s existing and future debt agreements, increases in interest
rates, the impact of governmental regulations and other
governmental actions related to Daseke and its operations,
litigation and governmental proceedings, and insurance and claims
expenses. For additional information regarding known material
factors that could cause actual results to differ from those
expressed in forward-looking statements, please see Daseke’s
filings with the Securities and Exchange Commission, available at
www.sec.gov, the Annual Report on Form 10-K for the year ended
December 31, 2017, particularly the section “Risk Factors.” You are
cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. Daseke undertakes
no commitment to update or revise the forward-looking statements,
whether as a result of new information, future events or
otherwise.
Source: Daseke Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20180702005228/en/
For Daseke Inc.Leslie
Lord512.387.3701leslie.lord@anthonybarnum.com
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