C.H. Robinson Worldwide Names New Board Member.Steve Polacek of Opus Corporation 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, Steve Polacek. Polacek, 47, is chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive and chief financial officer of Opus Corporation, a real estate development company specializing in office, industrial, retail, multifamily, government and institutional development. Polacek has served as CAO and CFO See Chief Financial Officer. since 2005 and is responsible for overseeing the company's activities in the areas of accounting, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , legal, and information technology. "We're excited to have Steve join the Robinson team," said John. P. Wiehoff, chairman and chief executive officer of C.H. Robinson. "He has great management skills and executive leadership experience in service industries, and brings valuable business and financial acumen to the Board. His background and expertise will serve Robinson and our shareholders well." Prior to joining Opus, Polacek was a partner in the Minneapolis office of Deloitte & Touche LLP LLP - Lower Layer Protocol . He also worked for Arthur Anderson LLP for 20 years, serving as managing partner of the Minneapolis office from 1995 to 2002. Polacek holds a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in accounting from the University of Nebraska, Lincoln. With this appointment, the C.H. Robinson Board of Directors is comprised of nine directors, eight of whom are independent. Founded in 1905, C.H. Robinson Worldwide, Inc. 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 and logistics solutions, serving over 25,000 customers through a network of 217 offices in North America, Europe, Asia, and South America. C.H. Robinson is one of the largest third-party logistics companies in the world, with 2006 gross revenues of $6.6 billion. For more information about our company, 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 Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. 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.; risks associated with the produce industry, including food safety and contamination issues; 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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