SMITH, Ark., Dec. 12,
2022 /PRNewswire/ -- ArcBest® (Nasdaq:
ARCB), a leader in supply chain logistics, announced today that
David Cobb, chief financial officer,
will retire in October 2023 after a
17-year career with the company.
Cobb has been CFO at ArcBest since 2015. He joined the company
in 2006 as vice president, controller and chief accounting officer.
Prior to working for ArcBest, he held accounting and financial
roles in the oil and gas industry and at a Big 4 public accounting
"In his time at ArcBest, David has made significant and
meaningful contributions to our company. His collaborative spirit
has been so valuable as ArcBest transformed into a leading
logistics company," said Judy R.
McReynolds, ArcBest chairman, president and CEO. "David is a
person with strong values and works tirelessly to advance our
mission and strategy. Despite the demanding nature of his role, he
is a constant, steady force. I thank David for his dedication and
service to our company, and I wish him, his wife Carenda and their
family the very best. He will be greatly missed."
During Cobb's tenure, ArcBest experienced record-setting
financial results, growing revenues from $1.9B in 2006 to over $5B in the last twelve months. Under Cobb's
leadership, ArcBest further strengthened its accounting and
financial functions, as well.
"I am so fortunate to have worked the last 17 years at ArcBest
where we truly have some of the best people in the business. It has
been an honor to serve as CFO of ArcBest," Cobb said.
ArcBest has launched a formal search for its next chief
ArcBest® (Nasdaq: ARCB) is a multibillion-dollar
integrated logistics company that helps keep the global supply
chain moving. Founded in 1923 and now with over 15,000 employees
across more than 250 campuses and service centers, the company is a
logistics powerhouse, fueled by the simple notion of finding a way
to get the job done. Through innovative thinking, agility and
trust, ArcBest leverages its full suite of shipping and logistics
solutions to meet customers' critical needs, each and every day.
For more information, visit arcb.com.
The following is a "safe harbor" statement under the Private
Securities Litigation Reform Act of 1995: Certain statements
and information in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including statements
regarding the timing of Mr. Cobb's retirement as chief
financial officer and our plans for identifying his successor.
Although we believe that the expectations reflected in these
forward-looking statements are reasonable as and when made, we
cannot provide assurance that our expectations will prove to be
correct. Actual outcomes could materially differ from what is
expressed, implied, or forecasted in these statements due to a
number of factors, including, but not limited to, the timing of Mr.
Cobb's retirement and the time required to identify his successor.
Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date hereof.
We undertake no obligation to publicly update or revise any
forward-looking statements after the date they are made, whether as
a result of new information, future events, or otherwise.
Media Contact: Autumnn Mahar
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