INDIANAPOLIS, Oct. 10, 2017 /PRNewswire/ -- Celadon Group,
Inc. ("Celadon" or the "Company") (NYSE: CGI) today announced the
appointment of Kathleen L. Ross to
its Board of Directors. The Board has determined that Ms.
Ross is an "independent director" under NYSE Rule 303A.02.
Ms. Ross retired from Bank of America in September 2016, where she served as a Senior Vice
President in the bank's transportation and logistics group since
2008. Ms. Ross was also designated to the investment banking
divisions, Merrill, Lynch, Pierce, Fenner & Smith Incorporated
since 2010, and Bank of America Securities LLC since 2009.
Ms. Ross previously worked as a Senior Vice President at LaSalle
Bank, from 2003 until it was acquired by Bank of America in 2008,
and at ABN Amro from 1994 to 2003. Prior to joining ABN Amro
Ms. Ross worked for First National Bank of Chicago from 1989 to 1994 and for Bank of
America from 1982 to 1989. Ms. Ross has
experience in arranging financing, optimizing capital structures,
arranging and advising on public and private equity and debt
offerings, and advising companies on strategy, market conditions,
and management of financial and other risks. Throughout her
career, Ms. Ross has specialized in serving the transportation,
logistics, and supply chain industry. In addition, Ms. Ross
has served as a member of Northwestern
University's Transportation Center's Business Advisory
Council since 2008. She holds a B.A. and M.A. from the
University of Michigan, as well as an
M.B.A. in finance and accounting from Columbia
University.
Michael Miller, Chairman of the
Board, commented: "Kathleen's vast experience as a senior
officer of one of the world's largest financial institutions will
assist us in areas that are critical to the success of our Company,
including fortifying our capital structure and financial
position. With over 30 years of experience in transportation
finance, I am confident that she will be invaluable in guiding our
newly strengthened management team as it works to execute our
strategic initiatives."
About Celadon
Celadon Group, Inc. (www.celadongroup.com), through its
subsidiaries, provides long haul, regional, local, dedicated,
intermodal, temperature-protect, and expedited freight service
across the United States,
Canada, and Mexico. The Company also owns Celadon
Logistics Services, which provides freight brokerage services,
freight management, as well as supply chain management solutions,
including logistics, warehousing, and distribution.
This press release contains certain statements that may be
considered 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 and such statements
are subject to the safe harbor created by those sections and the
Private Securities Litigation Reform Act of 1995, as amended. Such
statements may be identified by their use of terms or phrases,
including "expects," "expected," "will," "would be," "intends,"
"believes," and similar terms and phrases. Forward-looking
statements are based upon the current beliefs and expectations of
our management and are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified,
which could cause future events and actual results to differ
materially from those set forth in, contemplated by, or underlying
the forward-looking statements. In this press release,
statements relating to our future capital structure, financial
position, and execution of our strategic initiatives, among others,
are forward-looking statements. Actual results may
differ from those set forth in the forward-looking
statements. Readers should review and consider factors that
could impact results as provided in various disclosures by the
Company in its press releases, stockholder reports, and filings
with the Securities and Exchange Commission.
For more information:
Joe Weigel
Director of Communications
(317) 972-7006 Direct
jweigel@celadongroup.com
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SOURCE Celadon Group, Inc.