Forward Air Corporation (NASDAQ: FWRD) has announced the appointment of Jamie G. Pierson as permanent Chief Financial Officer and James Faught as Chief Accounting Officer, effective July 3, 2024. Mr. Pierson was originally named interim Chief Financial Officer on May 20, 2024. He joins Forward Air having most recently served as Chief Financial Officer of MV Transportation, and prior to that held various senior leadership positions, including Executive Vice President and CFO of Ecobat Technologies and YRC Worldwide, Inc. On the other hand, Mr. Faught joins Forward Air having most recently served as Chief Financial Officer of Evo Transportation, and prior to that served as Chief Accounting Officer at Yellow Corporation (NASDAQ: YELL).
Shawn Stewart, the CEO, emphasized the strategic significance of the new appointments, stating, "This expansion of our leadership team is instrumental in navigating the financial integration of Forward Air and Omni Logistics and creating a path to long-term financial success." He continued, "The investment we are making in our finance and accounting teams demonstrates our commitment to becoming one company with one mission and adds tremendous strength to a best-in-industry unified senior leadership team."
Forward Air is a leading asset-light provider of transportation services across the United States, Canada, and Mexico. They provide expedited less-than-truckload services, including local pick-up and delivery, shipment consolidation/deconsolidation, warehousing, and customs brokerage by utilizing a comprehensive national network of terminals. In addition, they offer truckload brokerage services, including dedicated fleet services, and intermodal, first* and last-mile, high-value drayage services, both to and from seaports and railheads, dedicated contract and container freight station warehouse and handling services. Forward Air also operates a full portfolio of multimodal solutions, both domestically and internationally, via Omni Logistics, a global provider of air, ocean, and ground services for mission-critical freight. Today the company's shares have moved -4.1% to a price of $18.65. If you want to know more, read the company's complete 8-K report here.
