Roadrunner Transportation Systems Announces CFO Transition
June 27 2019 - 5:40PM
Business Wire
Roadrunner Transportation Systems, Inc. (“Roadrunner” or the
“company”) (NYSE: RRTS), a leading asset-right transportation and
asset-light logistics service provider, today announced that
Terence R. Rogers, Executive Vice President and Chief Financial
Officer, is resigning from the company effective at the end of
August. He will continue to assist the company throughout the
transition of his responsibilities. Rogers’ departure is not
related to any issues or disagreement regarding the company’s
financial disclosures, accounting policies or practices.
“On behalf of the Board of Directors and executive team, we
thank Terry for his contributions to the company. Terry joined
Roadrunner at a difficult time and was tasked with getting our
filings current and completing our recapitalization, which was
successfully accomplished earlier this year. We appreciate Terry’s
willingness to stay on through the transition and wish him all the
best in his future endeavors,” said Curt Stoelting, Chief Executive
Officer of Roadrunner.
The company has begun a search process to identify a successor
CFO who has both strong financial and operational skills. If needed
after Rogers’ departure, Stoelting will serve as the company’s
principal financial officer until a new CFO is named.
About Roadrunner Transportation Systems, Inc.
Roadrunner Transportation Systems is a leading asset-right
transportation and asset-light logistics provider offering a full
suite of services and solutions under the Roadrunner®, Active
On-Demand® and Ascent Global Logistics® brands. The Roadrunner
brand offers less-than-truckload, over-the-road truckload and
intermodal services. Active On-Demand offers premium mission
critical air and ground logistics solutions. Ascent Global
Logistics offers domestic freight management, retail consolidation,
international freight forwarding and customs brokerage. For more
information, please visit Roadrunner’s websites, www.rrts.com and
www.ascentgl.com.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, which relate to future events. Forward-looking statements
include, among others, statements regarding Mr. Rogers’ transition
of his responsibilities and Stoelting potentially serving as
interim CFO. These statements are often, but not always, made
through the use of words or phrases such as "may," "will,"
"anticipate," "estimate," "plan," "project," "continuing,"
"ongoing," "expect," "believe," "intend," "predict," "potential,"
"opportunity," and similar words or phrases or the negatives of
these words or phrases. These forward-looking statements are based
on Roadrunner's current assumptions, expectations, and beliefs and
are subject to substantial risks, estimates, assumptions,
uncertainties and changes in circumstances that may cause
Roadrunner's actual results, performance, initiatives, or
achievements, to differ materially from those expressed or implied
in any forward-looking statement. Because the risks, estimates,
assumptions and uncertainties referred to above could cause actual
results or outcomes to differ materially from those expressed in
any forward-looking statements, you should not place undue reliance
on any forward-looking statements. Any forward-looking statement
speaks only as of the date hereof, and, except as required by law,
Roadrunner assumes no obligation and does not intend to update any
forward-looking statement to reflect events or circumstances after
the date hereof except as required by law. For a full discussion of
risks and uncertainties, see the section entitled "Risk Factors" in
Roadrunner's Annual Report on Form 10-K for the year ended December
31, 2018.
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version on businesswire.com: https://www.businesswire.com/news/home/20190627005929/en/
Reputation Partners Marilyn Vollrath 414-376-8834
ir@rrts.com
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