Business
P.A.M. Transportation Services, Inc. Announces Appointment of New President and Chief Executive Officer
TONITOWN, AR / ACCESSWIRE / August 7, 2020 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) today announced that on August 4, 2020, the Board of Directors
About this update from Pamt Corp
[{"type":"text","content":"TONITOWN, AR / ACCESSWIRE / August 7, 2020 / P.A.M. Transportation Services, Inc. (NASDAQ:PTSI) today announced that on August 4, 2020, the Board of Directors of the Company appointed Joseph A. Vitiritto to serve as the Company's new President and Chief Executive Officer. Mr. Vitiritto will begin his new role on August 18, 2020 and succeeds the Company's former President and Chief Executive Officer, Daniel H. Cushman, who retired effective May 1, 2020, and Matthew T. Moroun, who has served as interim CEO since May 1, 2020. Mr. Moroun will remain as Chairman of the Board of the Company, and effective on August 18, 2020, Mr. Vitiritto will fill the vacant director position previously held by Mr. Cushman. Mr. Vitiritto has also been appointed by the Board to serve on the Executive Committee of the Board effective on August 18, 2020.Joe Vitiritto brings 26 years of leadership experience in the truckload industry. Over the years, he has held multiple positions of responsibility in areas of Operations, Pricing, Human Resources and Sales. A majority of his career has been with Knight Transportation, where he was an active leader in the merger with Swift Transportation. His most recent position was with Knight-Swift as the Senior VP of Pricing and Network Design. Mr. Vitiritto is a graduate from Iowa State University with a BA in Marketing.Matthew Moroun, interim CEO of the Company, said, \"We are excited to welcome Joe to P.A.M. Joe brings a vast amount of transportation industry experience to the Company and developed his skillset while working for one of the largest transportation companies in our industry. He has proven leadership qualities as well as technical expertise in areas that will be of great importance to P.A.M. as we work to achieve our long-term growth goals. Joe also recently played an integral role in one of the largest truckload carrier mergers in recent history, and as P.A.M. continues to explore acquisition opportunities, Joe's experience in this area will be invaluable.\"\"I would like to thank the Board for this tremendous opportunity,\" said Mr. Vitiritto. \"I am very excited to be joining the P.A.M. Transport family. I believe P.A.M. has a solid foundation and a talented team that is well positioned to improve and deliver strong results and growth for our shareholders, customers and employees.\"Mr. Vitiritto and...