Bjorn E. Olsson Nominated for SCS Transportation Board.KANSAS CITY Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo. -- SCS Transportation, Inc. (Nasdaq:SCST SCST Society for College Science Teachers SCST Society of Commercial Seed Technologists SCST Supply Chain Systems Transformation SCST Shanghai Commission of Science and Technology SCST Submarine Combat System Trainer SCST Status Check Set ) announced that its Board of Directors has nominated Bjorn E. Olsson for election as a director at the Company's annual stockholders meeting to be held on April 20. Olsson, 59, served as President and CEO/COO of Harmon Industries Inc., a publicly traded supplier of signal and train control systems, now a part of GE Transportation Systems, from 1990 until his retirement in 2000. Prior to joining Harmon Industries, Olsson served as vice president, corporate development for Investment AB Cardo in Malmo, Sweden, and as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SAB NIFE AB, a subsidiary of Cardo, for five years. Olsson received his master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in business administration -- finance and accounting from the University of Lund, Sweden. Mr. Olsson's nomination by the Board follows the recommendation of the Board's Nominating and Governance Committee. The Board also nominated Linda J. French and William F. Martin, Jr., two current directors of SCST, for election at the annual stockholders meeting. If elected, the nominees would serve three-year terms. Klaus Agthe, an SCST director since the Company's spin-off in 2002, will be retiring as a director at the annual stockholders meeting, pursuant to the mandatory retirement provision of SCST's corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. guidelines. Agthe, 74, is an independent business consultant, lecturer on business and economics, and author of numerous business management and organization publications. "Klaus has played an integral role in the development of SCS Transportation, providing key insights in our initial years as an independent public company," said Bert Trucksess, chairman, president and CEO of SCS Transportation. "We will greatly miss his involvement and wish him well in his retirement." SCS Transportation, Inc. (Nasdaq:SCST) provides trucking transportation and supply chain solutions to a broad base of customers across the United States. With annual revenue approaching $1 billion, the Company focuses on regional and interregional in·ter·re·gion·al adj. Of, involving, or connecting two or more regions: interregional migration; interregional banking. less-than-truckload (LTL LTL - Linear Temporal Logic ) and selected truckload (TL) and time-definite services. Operating subsidiaries are Saia, a multi-region LTL carrier based in Duluth, Ga., and Jevic, a hybrid LTL and truckload carrier based in Delanco, N.J. Headquartered in Kansas City, Mo., SCST has approximately 8,900 employees nationwide. |
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