Kennedy to Replace Moffitt

Kennedy to Replace Moffitt

Copyright 2004, Traffic World, Inc.

Keith Kennedy Jr. replaced Donald Moffitt as chairman of CNF Inc. as Moffitt closed out a career that began at the trucking company nearly 50 years ago.

Moffitt, 71, retired last month as chairman of the $5.1 billion transport giant, the corporate parent of the Con-Way Transportation regional LTL operator and Menlo Worldwide, one of the world''s largest forwarding and logistics businesses.

Kennedy, 60, has been on the CNF board since 1996, serving on the compensation committee, and had been vice chairman since 2002. He retired in 2000 as president and chief executive officer of Watkins-Johnson Co., a Palo Alto, Calif.-based manufacturer of semiconductor equipment.

Moffitt joined CNF in 1955 as an accountant at Consolidated Freightways Corp., the national LTL business, and retired from the company as vice chairman in 1988. He returned in 1990 at a time of fiscal crisis, became president and chief executive officer in 1991 and chairman in 1995.