Printer Friendly
The Free Library
18,914,768 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Expeditors' Alger Announces Retirement Plans.


SEATTLE -- Glenn M. Alger, 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 Expeditors International Expeditors International of Washington, Inc. NASDAQ: EXPD is a global logistics and freight forwarding company based in Seattle, Washington, USA. Company History
Expeditors was founded in Seattle, Washington in 1979.
 of Washington, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: EXPD), a global logistics company, today announced at the Company's Americas Meeting, that on the 12th of February, 2007, he informed the Company's Board of Directors of his intent to retire during 2007. No date has been set and no other personnel or organizational changes have been determined.

"During the twenty-five years since Peter (current Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Peter J. Rose) and I opened Expeditors' San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  office, I've taken great pride in being part of a management team that has consistently strived to see Expeditors grow from a fledgling company of 20 people in six offices, to a genuine force in the global logistics industry, with over 11,000 employees in 168 offices around the world." Alger also said, "Expeditors' success has afforded me the opportunity to pursue some life-goals in other areas while I'm still young enough to make a difference. I'm very grateful to Peter, my family and my friends, whose support has meant so much to me over the years. My feelings of pride and accomplishment at Expeditors would not have allowed me to take this step at this time if I were not confident in the abilities of those who remain to take Expeditors to the next level. I've told Peter and the Board that I'm committed to make the manner of my departure as meaningful as was my tenure."

"This is more than a professional change for Expeditors and for me personally," said Peter J. Rose, "My personal association with Glenn goes back nearly 34 years. Even when he was a 16-year old working part-time after school, I could tell that Glenn was destined des·tine  
tr.v. des·tined, des·tin·ing, des·tines
1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic.

2.
 for greater things -- and indeed he was. Since Expeditors was founded, Glenn's dedication has played an integral part in our success. In Glenn's typical analytical fashion, he has already informed us that an important part of his calculus calculus, branch of mathematics that studies continuously changing quantities. The calculus is characterized by the use of infinite processes, involving passage to a limit—the notion of tending toward, or approaching, an ultimate value.  in reaching this decision was a candid assessment of what this would mean to Expeditors -- to me personally, to his friends and family, to our employees and to our customers. Glenn reinforced the wisdom of our move several years ago to appoint regional Presidents in Asia, the Americas and EMAIR. This decision to move management closer to the customers showed great foresight and customer service and field operations will not be affected. Glenn also feels that the product and service leaders he's hired, trained and mentored over the years are prepared to carry on the same high standards that he has been so instrumental in establishing. Paradoxically, there is no one better qualified, nor is there anyone whose opinion I'd value more, to make the assessment of whether we're ready to go on with without Glenn, than Glenn. He thinks, and I agree, that Expeditors is bigger than any one person and that we'll be just fine. Although it will be said many times privately in the ensuing months, I would like to thank Glenn publicly and personally and let him know how much we appreciate him and how much he'll be missed. Good luck, Glenn," Rose concluded.

Forward-Looking Statements

This document contains a forward-looking statement which is based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual future results and trends may differ materially from historical results or those projected in the forward-looking statements depending on a variety of factors including, but not limited to, changes in customer demand for Expeditors' services caused by a general economic slow-down, inventory build-up, decreased consumer confidence, volatility in equity markets, or the unpredictable acts of competitors.

Expeditors is a global logistics company headquartered in Seattle, Washington This page is protected from moves until disputes have been resolved on the .
The reason for its protection is listed on the protection policy page.
. The company employs trained professionals in 168 full-service offices, 60 satellite locations and 5 international service centers located on six continents Six Continents is a large retail PLC in UK which split into Six Continents Retail known as Mitchells and Butlers plc. The hotels and soft drinks business of Six Continents PLC is now known as InterContinental Hotels Group PLC.  linked into a seamless worldwide network through an integrated information management system. Services include air and ocean freight forwarding, vendor consolidation, customs clearance, marine insurance, distribution and other value added Value Added

The enhancement a company gives its product or service before offering the product to customers.

Notes:
This can either increase the products price or value.
 international logistics The negotiating, planning, and implementation of supporting logistic arrangements between nations, their forces, and agencies. It includes furnishing logistic support (major end items, materiel, and/or services) to, or receiving logistic support from, one or more friendly foreign  services.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Feb 13, 2007
Words:669
Previous Article:Rentcash to Present at Roth Capital Partners 19th Annual OC Conference.
Next Article:Lowe Destination Development Captures National Prominence with Debut of Three of the Top New Golf Courses in 2006.
Topics:



Related Articles
Bell Canada is challenged for long-distance business. (Communications Report)
Expeditors names Glenn Alger executive vice president.
Expeditors Names Glenn Alger President.
Expeditors Makes Management Appointments in the Americas.
Mayor's task force to overhaul DOB.(New York Mayor Guiliani creates task force to overhaul the Department of Buildings)(Brief Article)
Mayor proposes merger.(Rudolph W. Giuliani, buildings department inspectors to move to the fire department)(Brief Article)
The ongoing campaign of Alger Hiss: the sins of the father.
Apartment combinations on the rise in NYC.(Residential: marketing & brokerage)
Expeditors Announces 32% Increase in Third Quarter Net Earnings.
Expeditors Announces Semi-Annual Cash Dividend of $.11.

Terms of use | Copyright © 2010 Farlex, Inc. | Feedback | For webmasters | Submit articles