C.H. Robinson Worldwide Names New Board Member; Kenneth E. Keiser of PepsiAmericas Joins Board of Directors.MINNEAPOLIS -- C.H. Robinson Worldwide, Inc. ("C.H. Robinson") (Nasdaq:CHRW CHRW C.H. Robinson Worldwide (stock symbol) ) announced today that its Board of Directors has elected a new director, Kenneth E. Keiser. Keiser, 54, is president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of PepsiAmericas, the second largest Pepsi bottler. Keiser has served as president and COO of PepsiAmericas, which is publicly traded (NYSE NYSE See: New York Stock Exchange :PAS), since 1998. "We're very pleased that Ken has joined C.H. Robinson's Board," said Brian P. Short, C.H. Robinson independent director and chair of the Board's Nominating and 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. Committee. "He brings executive leadership experience with a successful, publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. and a strong background in operations in both North America and Europe. His management skills and expertise will serve the company and Robinson's shareholders well." Prior to his current position, for eight years Keiser was president and chief operating officer of Delta Beverage Company, which merged with PepsiAmericas in 1998. He also worked for 14 years with the Pepsi-Cola Bottling Group where he held a variety of positions in sales and operations. Keiser has served as a Director for Champion Air in Minneapolis and on the Executive Committee of the Minnesota Twins. Keiser holds a Bachelor of Arts from Michigan State University Michigan State University, at East Lansing; land-grant and state supported; coeducational; chartered 1855. It opened in 1857 as Michigan Agricultural College, the first state agricultural college. and served in the U.S. Army. Founded in 1905, C.H. Robinson Worldwide, Inc. had gross revenues of approximately $4.3 billion in 2004 and is a global provider of multimodal Two or more modes of operation. The term is used to refer to a myriad of functions and conditions in which two or more different methods, processes or forms of delivery are used. On the Web, it refers to asking for something one way and receiving the answer another; for example requesting transportation services, logistics solutions and fresh produce sourcing. The company serves over 18,000 customers through a network of 178 offices in North America, Europe, South America and Asia. In North America, C.H. Robinson is one of the largest third-party logistics companies and maintains the single largest network of motor carrier capacity worldwide through contracts with approximately 35,000 motor carriers. The company is one of the largest third-party providers of intermodal services in the United States. C.H. Robinson Worldwide, Inc. headquarters is in Eden Prairie, Minnesota The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. . For more information about C.H. Robinson, visit www.chrobinson.com. Except for the historical information contained herein, the matters set forth in this release are forward-looking statements that represent our expectations, beliefs, intentions or strategies concerning future events. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience or our present expectations, including, but not limited to such factors as market demand and pressures on the pricing for our services; competition and growth rates within the third-party logistics industry; freight levels and availability of truck capacity or alternative means of transporting freight, and changes in relationships with existing truck, rail, ocean and air carriers; changes in our customer base due to possible consolidation among our customers; our ability to integrate the operations of acquired companies with our historic operations successfully; risks associated with litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. and insurance coverage; risks associated with operations outside of the U.S.; changing economic conditions such as general economic slowdown, decreased consumer confidence, fuel shortages and the impact of war on the economy; and other risks and uncertainties detailed in our Annual and Quarterly Reports. |
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