Transportation and logistics provider Werner Enterprises (NASDAQ: WERN) announced Tuesday after the market close that its board has approved a planned transition in leadership.
The company’s founder and former chairman, Clarence L. “CL” Werner, has been named chairman emeritus “in recognition of his longstanding leadership.”
Derek Leathers, CEO and president, has been appointed chairman of the board. He took on the role of vice chairman when the succession plan was announced nearly a year ago.
Leathers has a 30-year career in transportation and logistics, logging more than 20 years with Werner. He took the helm, running daily operations at Werner, in 2016.
“I created this company when I was 19, with just one truck, and I’ve watched as Derek has continued to grow Werner Enterprises,” said CL Werner. “Hiring Derek was one of the smartest decisions I’ve ever made, and I know the company will continue to thrive and flourish under his leadership, along with the entire management team.”
Today, the Omaha, Nebraska-based company is one of the nation’s largest truckload carriers, with 7,800 trucks generating nearly $2.5 billion in annual revenue.
“Werner Enterprises was a company built by a driver, for drivers, and I’m honored to continue CL’s legacy,” said Leathers. “One of the reasons the company has remained successful is because of CL’s respect for professional drivers. We couldn’t keep America moving without them, and he understands their importance. His integrity and his ability to connect with our drivers is why he is admired by so many.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now