Knight-Swift Transportation Names New CEO and CFO

Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) has announced significant changes to its management team. Adam Miller has been promoted to Chief Executive Officer, and Andrew Hess has been promoted to Chief Financial Officer. The transition comes as David Jackson steps down as Chief Executive Officer and a member of the board of directors after a successful nine years in the role.

Adam Miller, who previously served as the Company's Chief Financial Officer and President of Swift Transportation, is now prepared to lead as CEO. During his 22-year career at Knight-Swift, he played leading roles in establishing Knight Refrigerated as a major player in its market, integrating Swift after the merger, and improving its operations, service, and profitability. His tenure as Chief Financial Officer also saw him overseeing the company's capital structure and financial performance.

Andrew Hess, who has been with Knight-Swift for five years, assumes the role of Chief Financial Officer. Notably, he led the company's M&A activities over the last three years and played a critical role in the completion of several acquisitions, including AAA Cooper, MME, and U.S. Xpress. His deep dive into the revenue and cost drivers of the business during his role as Swift's SVP of Finance positions him well for this new responsibility.

The company's future under the new leadership aims to focus on expanding its LTL footprint, improving consolidated margins, and generating free cash flow and stockholder returns.

David Jackson, who has been with Knight-Swift for nearly 24 years, expressed his support for the new leadership, stating that it is time for the next generation to take the baton. He emphasized that Adam and Andrew are ready, the timing is right, and the company is well-positioned for this transition.

Knight-Swift Transportation Holdings Inc. is one of North America's largest and most diversified freight transportation companies, providing full truckload, LTL, intermodal, and logistics services. The company utilizes a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America.

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