Knight-Swift Transportation Holdings Inc. Announces Appointment of Douglas Col to Board of Directors

Rhea-AI Summary

Knight-Swift Transportation Holdings (NYSE: KNX) has appointed Douglas Col to its Board of Directors, effective March 13, 2025. Col, 60, will serve until the 2025 annual meeting of stockholders and has been appointed to both the Finance Committee and Nominating and Corporate Governance Committee.

Col brings extensive transportation industry experience, having served as Executive Vice President and CFO of Saia Inc. from January 2020 until his retirement in May 2024. His career includes roles as Vice President and Treasurer at Saia (2014), Director in transportation investment banking at Cowen and Company (2012-2013), and equity analyst at Wellspring Management (2006-2011).

Knight-Swift operates as one of North America's largest freight transportation companies, providing truckload transportation, logistics, and LTL services through its nationwide network in the United States and Mexico.

Positive

• Appointment of experienced transportation industry executive with strong financial background
• Addition of former CFO expertise to the Finance Committee
• Board member brings diverse experience across transportation sector including operations, banking, and analysis

Negative

• None.

PHOENIX--(BUSINESS WIRE)-- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the "Company" or "Knight-Swift") announced today that Douglas Col has joined Knight-Swift's Board of Directors (the "Board") effective March 13, 2025. Mr. Col will serve until the 2025 annual meeting of stockholders. Mr. Col was also appointed to the Finance Committee and the Nominating and Corporate Governance Committee of the Board.

Mr. Col, 60, served as Executive Vice President and Chief Financial Officer of Saia, Inc., a transportation company providing less-than-truckload services across North America, from January 2020 through his retirement in May 2024. Mr. Col joined Saia in 2014 as Vice President and Treasurer. Prior to joining Saia, Mr. Col was a Director in the transportation investment banking group at Cowen and Company from 2012 to 2013. From 2006 to 2011 Mr. Col was an equity analyst at Wellspring Management where he focused on industrial and transportation sectors. Mr. Col was a fund manager at Red Rock Partners from 2004 to 2006. Mr. Col is a current member of the board of directors of Proficient Auto Logistics Inc., a specialized freight company focused on providing automobile transportation and logistics services. Mr. Col received his MBA from Vanderbilt University – Owen Graduate School of Management in 1994 and spent 10 years at Morgan Keegan & Company where he was a Managing Director focused on transportation equities. Mr. Col also has a Bachelor of Civil Engineering degree from the Georgia Institute of Technology.

Knight-Swift is one of North America's largest and most diversified freight transportation companies providing multiple truckload transportation and logistics services as well as LTL services. Knight-Swift uses a nationwide network of business units and terminals in the United States and Mexico to serve customers throughout North America. In addition to operating the country's largest tractor fleet, Knight-Swift also contracts with third-party equipment providers to provide a broad range of truckload services to our customers while creating quality driving jobs for our driving associates and successful business opportunities for independent contractors.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250314478678/en/

Adam Miller, CEO, Andrew Hess, CFO, or Brad Stewart, Treasurer and SVP - (602) 606-6349

Source: Knight-Swift Transportation Holdings Inc.

FAQ

When will Douglas Col join Knight-Swift's (KNX) Board of Directors?

Douglas Col will join KNX's Board effective March 13, 2025, serving until the 2025 annual meeting of stockholders.

What committees will Douglas Col serve on KNX's Board?

Col will serve on the Finance Committee and the Nominating and Corporate Governance Committee of Knight-Swift's Board.

What was Douglas Col's most recent executive position before joining KNX's Board?

Col served as Executive Vice President and Chief Financial Officer of Saia Inc. from January 2020 until his retirement in May 2024.

What is Knight-Swift's (KNX) current market position in North America?

KNX is one of North America's largest freight transportation companies, operating the country's largest tractor fleet and providing truckload, logistics, and LTL services.