Christopher Easter has retired as CEO of Daseke and as a member of the its board of directors as of Dec. 31, 2020. Jonathan Shepko, a most modern Daseke director, has been appointed as Intervening time CEO till a everlasting successor is identified and employed. And founder Don Daseke would be coming relieve to the board of directors.
The firm, among the nation’s ideal flatbed carriers, has engaged an govt search agency to aid in the look for Easter’s successor, Daseke talked about in a assertion.
In a separate announcement, Daseke talked about it had reached agreements with Lyons Capital LLC and its pals, who take approximately 5% of the firm’s stock, and with founder Don Daseke and his pals, who take approximately 28% of the firm’s stock. The agreement with Lyons places Grant Garbers on the board of directors, replacing Kevin Charlton, who used to be president and COO at Hennesy Capital, which took the provider public through a various goal acquisition firm merger in 2017.
The agreement with Don Daseke requires the firm re-nominate him for election to the board on the 2021 annual meeting.
The firm has moreover agreed to put in force a stock take-relieve program and to take no longer decrease than 3 million shares of Daseke standard stock.
Easter started his profession at Daseke as COO in early 2019 and assumed the position of duration in-between CEO in August of 2019, when Don Daseke stepped down as CEO and chairman of the board of the flatbed trucking firm he founded. Easter used to be named everlasting CEO decrease than a year in the past.
“This has been a extremely powerful resolution for me for my fragment, nonetheless I in truth have confidence a quantity of household-linked duties that want my full attention,” Easter talked about in a assertion. “Because of this, I made the resolution to retire from Daseke on the tip of . Over the previous two years, I even were fortunate to work alongside among the well-known most devoted and proficient people in the flatbed and specialized trucking business, and I’m very proud of what we have confidence done together. Now we have confidence efficiently carried out a dramatic turnaround in our efficiency whereas navigating through a world pandemic. Daseke’s strategy is sound, the business is performing neatly, and the crew is poised to proceed ahead with this momentum. I in truth have confidence a gigantic quantity of self belief in Daseke’s future.”
Board Chairman Brian Bonner talked about, “We are grateful to Chris for his leadership and desire to elongate our thanks for the many contributions he has made at Daseke. Amongst various issues, Chris helped to reset our operational strategy and constructed a stable leadership crew with a long time of transportation journey.”
Shepko talked about, “We must always proceed our transformation. Brian and I even were extensively focused on serving to reset the strategy at Daseke and can aid make sure continuity of mission and aggressive execution on our key priorities.”
Daseke moreover presented that the business done neatly all around the fourth quarter. According to preliminary results and with the exception of the apparent affect of the wind-down of the Aveda Transportation business, Daseke expects to conclude its inside financial forecasts and expects results to be approximately in-line with analyst consensus for revenue and adjusted EBITDA. Daseke expects to launch earnings and host a conference name on the tip of January.