STG Logistics' CEO joins Roadrunner's board of directors
Roadrunner Transportation Systems recently closed three transactions completing its divestiture of all truckload segment businesses.
This includes the sale of Rich Logistics and Integrated Services to an undisclosed strategic buyer, as well as the sale of Roadrunner Temperature Controlled to Laurel Oak Capital Partners. With the previously announced completion of the spin-off of Ascent Global Logistics, Roadrunner now consists solely of its less-than-truckload operations.
Paul Svindland, CEO of STG Logistics, has joined Roadrunner’s board of directors. Svindland most recently served as CEO of Celadon Group, one of North America’s largest asset-based truckload carriers. Prior to Celadon, he was chairman and CEO of Farren International, a leading, private equity backed flatbed trucking company.
Donald C. Brown and Scott L. Dobak remain as independent directors on Roadrunner’s board and Christopher L. Doerr has moved over to the Ascent Global Logistics board. (mw)