MARTEN TRANSPORT APPOINTS DOUGLAS PETIT AS PRESIDENT
30 Agosto 2021 - 3:01PM
Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced that its Board of
Directors has appointed Douglas P. Petit as its new President,
effective today. Doug Petit will succeed Tim Kohl, who has served
as the Company’s President since 2008. Tim Kohl was recently
appointed as Chief Executive Officer on May 4, 2021.
“I’m extremely pleased to announce the
appointment of Doug Petit as our President. Doug’s appointment is a
continuation of our plan to develop and transition to our next
generation of leadership. As our Chief Operating Officer, Doug has
been a key leader in our successful business transition and growth.
Now as our President, Doug will be an integral member of our
executive leadership team involved in our strategic business vision
and day-to-day operations growth – along with the ongoing growth
and development of our next generation of leaders,” said Randy
Marten, Executive Chairman of the Board of Directors. “We are
confident in Doug’s ability to assist Tim Kohl and myself in
leading our continued successful growth.”
Doug Petit added “I would like to thank Randy
and Tim and our Board of Directors for their confidence in me. I’d
especially like to thank Randy and Tim for the direction and
support I’ve received from them and the opportunity I’ve had to be
a leading member of the strong Marten team we’ve built over the
years. To be able to organically grow through the Great Recession
from a temperature-sensitive carrier to the unique multi-faceted
business solution we are today has been instrumental in my
development. I look forward to this opportunity as President to
continue building on and developing our Marten team.”
Mr. Petit has been Marten’s Chief Operating
Officer since August 2019 and served as the Company’s Senior Vice
President of Operations from January 2014 through August 2019 and
Vice President of Operations from December 2011 through January
2014. Mr. Petit advanced through various professional capacities in
our operations area from June 1992 through December 2011 and from
February 1990 through June 1991. From June 1991 through June 1992
Mr. Petit served as a fleet manager for Transport America, Inc.
Marten Transport, with headquarters in Mondovi,
Wis., is a multifaceted business offering a network of refrigerated
and dry truck-based transportation capabilities across the
Company’s five distinct business platforms – Truckload, Dedicated,
Intermodal, Brokerage and MRTN de Mexico. Marten is one of the
leading temperature-sensitive truckload carriers in the United
States, specializing in transporting and distributing food,
beverages and other consumer packaged goods that require a
temperature-controlled or insulated environment. The Company offers
service in the United States, Canada and Mexico, concentrating on
expedited movements for high-volume customers. Marten’s common
stock is traded on the Nasdaq Global Select Market under the symbol
MRTN.
This press release contains certain statements
that may be considered forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including Marten’s current expectations of continued growth of its
business. These statements by their nature involve substantial
risks and uncertainties, and actual results may differ materially
from those expressed in such forward-looking statements. Important
factors known to Marten that could cause actual results to differ
materially from those discussed in the forward-looking statements
are discussed in Part I, Item 1A of the Company’s Annual Report on
Form 10-K for the year ended December 31, 2020. Marten undertakes
no obligation to correct or update any forward-looking statements,
whether as a result of new information, future events or
otherwise.
CONTACTS: Tim Kohl, Chief Executive Officer, and Jim Hinnendael, Executive Vice President and Chief Financial Officer, of Marten Transport, Ltd., 715-926-4216.
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