ArcBest (ARCB) Announces Director Changes
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ArcBest Corporation (Nasdaq: ARCB) announced that Board of Directors' member John H. Morris will retire from the board effective October 31, 2016, after more than 28 years of service, and that two new directors have been added.
The retirement of Morris and addition of two new directors bring the total board membership of ArcBest to 11 from 10 previously.
The new directors are Michael P. Hogan, Executive Vice President, Strategic Business & Brand Development for GameStop Corporation, whose term began on October 25, 2016, and Eduardo Conrado, Executive Vice President and Chief Strategy and Innovation Officer of Motorola Solutions, Inc., whose term will begin on November 1, 2016. Both Hogan's and Conrado's terms on the board will expire at ArcBest's annual meeting of stockholders in 2017.
"We are very grateful to John Morris for his incredible service to our company for so many years, providing us with his expertise, financial acumen and strong encouragement of our strategy," said ArcBest Chairman, President and CEO Judy R. McReynolds. "We wish him all the best in his retirement and will always remember his support of our company through good times and through the years that were challenging to our organization."
Stephen Gorman, member of the board since July 2015, will replace Morris as chair of the board's Compensation Committee effective October 31, 2016. Hogan has been appointed to the Audit Committee and Conrado has been appointed to the Nominating/Corporate Governance and Compensation Committees.
McReynolds noted the value of both Hogan's and Conrado's expertise in marketing and brand strategy with technology-driven enterprises.
"Mike Hogan's unique experience leading GameStop's successful diversification strategy and transformation, and Eduardo Conrado's leadership of Motorola's growth-focused customer experience innovations, IT and strategy teams, combined with their thoughtful approach to business, bring tremendous knowledge to the ArcBest Board," said McReynolds. "I am looking forward to working with Mike and Eduardo as we grow ArcBest by providing leading-edge supply chain solutions for our customers."
Hogan, 57, joined GameStop Corp, based in Grapevine, Texas, as senior vice president and chief marketing officer in 2008. GameStop, the world's largest video game retailer, is a global, omnichannel video game, consumer electronics and wireless services retailer operating more than 7,000 stores across 14 countries. Previously, Hogan served as a principal with Strategic Frameworking, a strategic consulting firm. Hogan also served as a senior vice president of marketing at Dean Foods Company and as vice president of international marketing at Frito-Lay. Hogan currently serves on the board of Feed the Children, a non-profit organization, where he also serves as audit committee chairman. He earned a bachelor's degree from Northern Illinois University and master's degree from Northwestern University.
Conrado, 50, joined Motorola in 1992. At Schaumburg, IL-based Motorola Solutions, a provider of communication infrastructure, devices, accessories, software and services, he leads the strategy team, the chief information office, the chief technology office and Motorola Solutions Venture Capital, the company's strategic investment group. Previously, Conrado led the company's marketing and IT organizations, which focused on creating seamless customer experiences. Conrado has served in a variety of leadership roles in multiple international businesses in a range of consumer and commercial segments across Motorola. He serves on several non-profit boards, including Ascension, the largest U.S. non-profit health system. He earned a bachelor's degree in industrial engineering from Texas Tech University; a master's degree in business administration from ESADE in Barcelona, Spain; and a master's degree in international management from Thunderbird School of Global Management.
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