Daseke: New Year, New CEO. Pending Board Changes

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Daseke, the flatbed truckload company, has announced many changes on Tuesday. This includes its CEO’s resignation, changes to the board and an in-line financial update.

Daseke CEO Retires

According to the press release, CEO Chris Easter retired on December 31st to attend to family obligations. Current board member Jonathan Shepko was put into the company. He is a managing partner at a private equity firm Stonehollow Capital. He is there to fill the role on an interim basis while a national search is done.

Short Tenure as CEO

In January 2019, Easter joined the company as a newly created chief operating officer role. This occurred as the company embarked on a restructuring plan. In fact, to improve operations after a decade of acquisitions. When founder, chairman, and former CEO Don Daseke stepped down quickly in August 2019, Easter then took the helm on an interim basis. In February, he became permanent CEO in February.

In-Depth Reasons why Easter has Left Daseke and the Impact he had During his Brief Tenure There

I have a number of family-related obligations that need my full attention, Easter explained. This is a very challenging decision for me personally. I made the decision to retire from Daseke at the end of the year because of that. Easter stated in the company press release.

We have prosperously accomplished a measurable turnaround in our performance while traversing through a global COVID-19 pandemic. The company’s strategy is solid, the business is performing admirably well. The team will continue forward with this drive.

The Addison, Texas-based company’s turnaround started with the addition of Easter. This is in addition to the board changes that included operationally steadfast leadership.

Therefore, the group has set its sights on integrating the roughly 20 acquisitions the company made since its 2009 beginnings. The consolidation of a separately operated network of carriers, divesting its oil rig transportation unit, disposing of underutilized equipment, and reducing headcount.

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