This sound is generated automatically. Let us know if you have any feedback.
Saia EVP and CFO Douglas Col plans to retire after a decade with the LTL company, the company announced in securities deposit on Friday.
Col will remain in the position he has held for the past four years at Saia until his successor is named, the company said.
He pledged to stay on as an adviser until the end of the year to ensure a smooth transition.
“Doug and I joined Saia in 2014 and have worked closely together since day one,” Frederick Holzgrefe, Saia’s President and CEO, said in the release. “Doug’s diverse background in transportation and the perspective he brought to our organization were integral in shaping Saia’s emergence as a leader in the less truck industry.”
Col has been instrumental in guiding the Johns Creek, Georgia, carrier through a “tremendous period of growth and success,” Saia chairman Richard O’Dell said in the release.
The company was among the top bidders in the Yellow Corp. bankruptcy auction. and has $1 billion worth of capital spending planned this year alone.
“On behalf of the Saia board, I wish Doug much success and prosperity as he moves into his next phase,” said O’Dell. “We also sincerely appreciate Doug’s support during the transition to his successor.”
Col said in the release that it has been a blessing to watch the company progress and work with so many talented colleagues over the past decade. The carrier now employs more than 14,000 workers and operates nearly 200 terminals across the country.
“The investments made over the past decade in people, real estate, equipment and technology support a clear strategy and I look forward to many years of success for Saia, from the sidelines!” Cole said.