Dublin, OH, June 3, 2010 (BUSINESS WIRE)-Pacer International (Nasdaq: PACR), the North American freight transportation and logistics services provider, announced changes to its executive management team that will further facilitate its ongoing transformation from primarily a wholesale focus to a direct-to-customer integrated services model.
Pacer has made the following appointments:
Mike Clark will be joining Pacer as executive vice president, capacity planning, in mid-July and will report directly to Dan Avramovich, chairman and CEO. Mike will coordinate all Pacer capacity requirements including rail, truck, air, and ocean working with the respective lines of business.
In addition, he will also assume responsibility for the Highway Brokerage and Supply Chain Services groups. Mike most recently was executive vice president, operations for Panther Expedited Services in Seville, OH, and previously held leadership positions with Exel, Inc., Shiplogix, and FedEx.
We look forward to welcoming Mike and adding his strong transportation and operational leadership to the Pacer team. Peter Mettra, executive vice president, transportation procurement, will be leaving Pacer in August.
Until his departure he will be assisting with the transition. We thank Peter for his dedicated service and diligent work in helping to build our rail carrier relationships.
Val Noel, executive vice president, street operations will assume all intermodal and field operations responsibility in his new role as executive vice president, field operations, and will report directly to Dan Avramovich, effective July 2. Peter Baumhefner, executive vice president, operations, Pacer Stacktrain, will be leaving Pacer in July. Until his departure Peter will provide transitional assistance. We thank Peter for his leadership, and the spirit of innovation he brought to Pacer and the intermodal industry.
Bob Sloan, vice president yield and network management, will assume the responsibility of the Network Management team in addition to his current responsibilities of Yield Management and Operational Reporting. Doug Matthew, executive vice president, network management, will be leaving the Company in July. Doug will continue to support the Equipment Strategy and Planning team until his departure. We thank Doug for his significant contributions in the development of Pacer's industry leading intermodal network and equipment fleet.
Joe Doherty, executive vice president, investor relations and treasurer, will be leaving the Company in August. Joe will be assisting in the transition of his responsibilities. We thank Joe for his service and contributions to Pacer's financial team. On an interim basis John Hafferty, chief financial officer, will assume responsibilities for investor relations and Mike Gordon, vice president, corporate controller, will assume interim responsibility for treasury.
"The changes we have announced today are a continuation of the transformation we are making at Pacer to a fully integrated transportation and logistics company that serves the direct-to-customer channel. We are pleased with our progress as we continue to grow our business with direct customers in all segments of our business and deliver best-in-class customer service. We believe the skills that Mike, Val, and Bob bring to key areas at Pacer will allow us to further enhance our service delivery to our customers," said Dan Avramovich, chairman and CEO of Pacer.
ABOUT PACER INTERNATIONAL (www.pacer.com) Pacer International, a leading asset-light North American freight transportation and third-party logistics provider, offers a broad array of services to facilitate the movement of freight from origin to destination through its intermodal and logistics operating segments. The intermodal segment offers intermodal transportation through Pacer Stacktrain (cost-efficient, two-tiered ramp to ramp rail transportation for containerized shipments), Pacer Cartage (local trucking) and Pacer Transportation Solutions (door-to-door service combining rail and truck transportation). The logistics segment provides truck brokerage, trucking, warehousing and distribution, international freight forwarding, and supply-chain management services. For more information on Pacer International visit www.pacer.com.
Joseph B. Doherty
EVP, Investor Relations and Treasurer
Erin Bijas, 609-452-8500 x118
Account Supervisor, Public Relations