Summary
Old Dominion Freight Line, Inc. (ODFL) announced on January 9, 2008, that its Board of Directors has elected Dr. John D. Kasarda as a new director, effective immediately. Dr. Kasarda's appointment fills the vacancy left by the resignation of W. Chester Evans, III, in October 2007. He will serve until the next annual shareholder meeting. Dr. Kasarda brings a wealth of expertise directly relevant to ODFL's industry, holding a distinguished professorship in Entrepreneurship and directorship of the Kenan Institute of Private Enterprise at the University of North Carolina – Chapel Hill. His specialized knowledge in transportation, supply-chain management, logistics, and economics is expected to be a valuable asset to the Board as the company navigates the evolving logistics landscape.
Key Highlights
- 1Old Dominion Freight Line, Inc. (ODFL) appointed Dr. John D. Kasarda to its Board of Directors.
- 2The appointment is effective immediately as of January 3, 2008.
- 3Dr. Kasarda will serve out the unexpired term of the previous director, W. Chester Evans, III, who resigned on October 15, 2007.
- 4Dr. Kasarda is a Kenan Distinguished Professor of Entrepreneurship and Director of the Kenan Institute of Private Enterprise at the University of North Carolina – Chapel Hill.
- 5His expertise includes transportation, supply-chain management, logistics, commercial real estate, and economics.
- 6As a non-employee director, Dr. Kasarda will receive standard compensation, including an annual retainer and per-meeting fees.
- 7He will also be reimbursed for any business expenses incurred in his directorial capacity.