CNF Transportation Names Chutta Ratnathicam Senior Vice President and Chief Financial Officer.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.--(BUSINESS WIRE)--July 14, 1997--CNF Transportation Inc., a $4 billion company with diversified transportation businesses worldwide, has named Chutta Ratnathicam as senior vice president and chief financial officer of the corporation. He was most recently vice president-international for Emery Worldwide Emery Worldwide was a cargo airline, once was one of the leading carriers in the cargo airline world. Emery started in 1946 and was the first freight forwarder to receive a carrier certificate from the United States Government. , CNF's global air freight air freight n → flete m por avión air freight n → fret aérien air freight air n → Luftfracht f subsidiary. Ratnathicam, 49, succeeds Gregory L. Quesnel, who earlier was elected 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 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 . Ratnathicam will report to Donald E. Moffitt, chief executive officer and chairman of the Board of Directors of CNF Transportation, Inc. As chief financial officer, Ratnathicam will be responsible for corporate finance, business planning, treasury operations, financial reporting, taxes, internal controls and administration for the parent corporation and its freight transportation subsidiaries. "We're very fortunate to have an executive with such depth of experience, talent and knowledge of our operational and financial structures," said Moffitt. "I have worked with Chutta for many years, and he has demonstrated the right combination of financial skills and strategic outlook to help control costs as well as sustain the strong momentum of our air freight, trucking and logistics' management businesses." Ratnathicam, a 19-year veteran of the freight transportation business, played a key role in profitably expanding Emery's international business from 25 percent to 42 percent of Emery's total sales, during his 6 years as vice president-international. In that position, he had primary executive responsibility for Emery's international organization, which encompasses service and agent locations in more than 95 countries throughout Europe, Asia and Latin America. He also is credited with strengthening relationships with agents for ocean and air freight and, where applicable, converting these third-party relationships into company-operated service facilities. Ratnathicam joined the CNF organization in 1977 as a corporate auditor with management experience at public accounting and various industrial firms in the United States, Asia and Africa. He was appointed assistant manger of general accounting in 1978, and later was elevated to director of financial accounting. In 1989, he was named vice president of internal auditing for the parent company, and in 1991 he was promoted to vice president-international, for Emery. Ratnathicam graduated from the Royal College in Sri Lanka in 1967, and earned his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Portland The University of Portland (UP) is a private Catholic university located in Portland, Oregon. It is specifically affiliated with the Congregation of Holy Cross and is the sister school of the University of Notre Dame. Founded in 1901, UP has a student body of about 3,200 students. in 1973. He is a member of the American Institute of Certified Management Accountants The Institute of Certified Management Accountants (ICMA) is an Australian organisation focused on management accounting, it differs from other Australian Accounting societies; CPA Australia, Institute of Chartered Accountants of Australia, National Institute of Accountants due to this and the Sri Lanka Institute of Chartered Accountants. He is married with three children and lives in Northern California. CNF Transportation is a $4 billion diversified transportation company with businesses in regional and full-volume trucking (Con-Way Transportation Services); domestic and international air freight, ocean services and customs brokerage (Emery Worldwide); transportation, distribution and warehouse logistics management (Menlo Logistics); trailer manufacturing (Road Systems) and wholesale truck parts sales (VantageParts). CONTACT: CNF Transportation, Palo Alto James R. Allen General James R. Allen (born 1925) was commander in chief of the Military Airlift Command, with headquarters at Scott Air Force Base, Illinois, and the seventh Superintendent of the United States Air Force Academy. , 415/494-2900 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion