CAROLYN DRAPER, GUILBERT L. BRANDON, JR. AND STEVEN W. LANTER RESIGN FROM BOARD OF DIRECTORS.ROSWELL, Ga.--(BUSINESS WIRE)--June 10, 1996--United TransNet, Inc. (NYSE NYSE See: New York Stock Exchange :UT) today announced that Carolyn Draper drap·er n. Chiefly British A dealer in cloth or clothing and dry goods. [Middle English, weaver or seller of cloth, from Old French drapier, from drap, cloth; see , Guilbert L. Brandon, Jr., and Steven W. Lanter, each formerly associated with one of the six founding companies that merged in December 1995 to form United TransNet, have resigned from the Board. Their actions reduce the number of directors to seven. In addition, Draper, who was Vice President and Secretary of the Company, and Brandon, who was Vice President, Parcel, have resigned from their operational duties. Commenting on the announcement, Philip A. Belyew, President and Chief Executive Officer of United TransNet, said, "The consolidation of our Board has been contemplated among the directors for some time as part of an orderly orderly /or·der·ly/ (or´der-le) an attendant in a hospital who works under the direction of a nurse. or·der·ly n. An attendant in a hospital. transition from the individual managements of the founding companies to a cohesive cohesive, n the capability to cohere or stick together to form a mass. , strategically focused management team that will support the long- term growth of the Company. We are grateful for the contributions Carolyn, Gil and Steve have made in this and our other work to integrate and consolidate the operations of the founding companies. Their decisions to resign, offered in the best interests of our stockholders, support these ongoing efforts." Belyew noted that the day-to-day managerial responsibilities of Draper and Brandon will be consolidated with those of James G. Salmon, Vice President of the Company's South Central region and formerly president of one of the founding companies. "We will continue in our efforts to realize the efficiencies made possible by our larger company and to streamline our management structure at all levels," he said. United TransNet, with operations in 39 states, is a leading provider of scheduled ground courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. services serving all of the nation's major metropolitan markets. The Company offers a variety of customized distribution schedules for corporate customers with time-sensitive pick-up and delivery requirements The stipulation that requires that an item of materiel must be delivered in the total quantity required by the date required. . Through both its ground and air divisions, United TransNet provides scheduled and unscheduled unscheduled Adjective not planned or intended Adj. 1. unscheduled - not scheduled or not on a regular schedule; "an unscheduled meeting"; "the plane made an unscheduled stop at Gander for refueling" delivery service for local, regional, national, and international shipments, and offers same-day and next-day delivery options. CONTACT: United TransNet, Inc., Roswell Philip A. Belyew or Ronald J. Barowski, 770/518-1180 |
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