JACKSONVILLE, Fla., May 23, 2017 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR ), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced the addition of George P. Scanlon to its Board of Directors. Earlier today, the company’s stockholders elected Mr. Scanlon to the Landstar System, Inc. Board of Directors at the company’s 2017 Annual Meeting of Stockholders.
Mr. Scanlon, 59, served from 2010 to 2013 as Chief Executive Officer of Fidelity National Financial, Inc., the nation’s largest title insurance company and a leading provider of technology and transaction services to the real estate and mortgage industries. Prior to that, he served as the Chief Financial Officer at Fidelity National Information Services, BFC Financial Corporation (now known as BBX Capital Corporation), Levitt Corporation and DataCore Software Corporation. Earlier in his career, he also worked for 18 years in various financial and strategic roles for Ryder System, Inc., a publicly traded transportation and supply chain management solutions company.
“Landstar is pleased to have George join our Board of Directors,” said Landstar President and Chief Executive Officer Jim Gattoni. “His strong financial and strategic background, paired with his experience within the trucking and supply chain industries, will be valuable assets to Landstar and its future. Our other board members and I look forward to working with him.”
Mr. Scanlon also has been appointed to serve on the audit, compensation, nominating and corporate governance, safety and risk, and strategic planning committees of the Board.
Mr. Scanlon replaces Michael A. Henning on the Landstar Board of Directors, following Mr. Henning’s previously announced retirement from the Board today upon the completion of his most recent three-year term.
Landstar System, Inc.’s Chairman of the Board Diana M. Murphy commented, “The Board is grateful for Mike’s many years of leadership during his service on the Board from 2007 to 2017 and, in particular, as chairman of the audit committee from 2013 to 2017. We thank Mike for his guidance and service to Landstar, and his support of the Board’s succession planning efforts to ensure a smooth transition to our newest director. We wish Mike all the best and look forward to George’s contributions to the Board.”
About Landstar: Landstar System, Inc. is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. All Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.
The following is a “safe harbor” statement under the Private Securities Litigation Reform Act of 1995. Statements contained in this press release that are not based on historical facts are “forward-looking statements”. This press release contains forward-looking statements, such as statements which relate to Landstar’s business objectives, plans, strategies and expectations. Terms such as “anticipates,” “believes,” “estimates,” “intention,” “expects,” “plans,” “predicts,” “may,” “should,” “could,” “will,” the negative thereof and similar expressions are intended to identify forward-looking statements. Such statements are by nature subject to uncertainties and risks, including but not limited to: an increase in the frequency or severity of accidents or other claims; unfavorable development of existing accident claims; dependence on third party insurance companies; dependence on independent commission sales agents; dependence on third party capacity providers; decreased demand for transportation services; U.S. foreign trade relationships; substantial industry competition; disruptions or failures in the Company’s computer systems; cyber and other information security incidents; dependence on key vendors; changes in fuel taxes; status of independent contractors; regulatory and legislative changes; regulations focused on diesel emissions and other air quality matters; catastrophic loss of a Company facility; intellectual property; unclaimed property; and other operational, financial or legal risks or uncertainties detailed in Landstar’s Form 10K for the 2016 fiscal year, described in Item 1A Risk Factors, and in other SEC filings from time to time. These risks and uncertainties could cause actual results or events to differ materially from historical results or those anticipated. Investors should not place undue reliance on such forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements.
