CNF Inc. Names New CFO, Board of Directors Declares Dividend.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- The CNF CNF Configuration (File Name Extension) CNF Conference CNF Conjunctive Normal Form CNF Could Not Find CNF Chin National Front (Burma) CNF Canadian Nature Federation CNF Cornell NanoScale Facility Inc. (NYSE NYSE See: New York Stock Exchange :CNF) Board of Directors today elected Kevin C. Schick as senior vice president and chief financial officer. The appointment is effective March 31, 2005 upon the previously announced retirement of Chutta Ratnathicam, who has served as the company's top financial executive since 1997. In other action, the board declared a cash dividend of 10 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. on the company's common stock. The dividend is payable on March 15, 2005 to shareholders of record as of February 15, 2005. "The Board is pleased to announce that Kevin Schick will succeed Chutta as chief financial officer," said W. Keith Kennedy, chairman of the board and interim chief executive officer. "Kevin is an experienced executive with more than 25 years in financial accounting, almost all of which was with our Con-Way organization. He has been a strong leader in shaping the company's financial controls in compliance with regulatory requirements and has thorough knowledge of the company's financial, operations and accounting functions." Schick, 53, currently is vice president and controller of Con-Way Transportation Services, the company's $2.6 billion regional trucking and supply chain subsidiary. He has served in that capacity since 1989. He joined the Con-Way organization in 1983 as a member of the Con-Way Central Express start-up team. Prior to joining Con-Way, he spent five years with Wabash National Wabash National (NYSE: WNC) is one of the world's largest manufacturers of semi-truck trailers. Founded in 1985 and publicly traded since 1991, the company had annual sales for 2006 of approximately $1.3 billion USD. Corporation, a trailer manufacturer, as controller and before that he was a financial analyst for Motorola Corporation. Schick will be based at CNF headquarters in Palo Alto, Calif. A native of Chicago, he holds a bachelor's degree from Marquette University Marquette University at Milwaukee, Wis.; Jesuit; coeducational; chartered 1864, opened 1881. The school achieved university status in 1907. Among its graduate programs are those in business, engineering, and law. and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Northwestern University. He is a member of the Financial Executives Institute, American Trucking Associations Accounting and Finance Council and the Evans Scholars Foundation. CNF is a $4 billion supply chain services company with business in less-than-truckload motor freight, truckload carriage, logistics, supply chain management and trailer manufacturing. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion