Covenant Logistics Group Announces Continued Evolution of Leadership Team
CHATTANOOGA, Tenn., April 07, 2021 (GLOBE NEWSWIRE) -- Covenant Logistics Group, Inc. (NASDAQ/GS: CVLG) (“Covenant”) announced today key changes to the executive leadership team.
Chairman and Chief Executive Officer, David R. Parker, commented: “Based on the successful execution of our strategic plan during 2020 and the rate of improvement in 2021, we are accelerating the planned evolution of our management team. We have great confidence in the next generation of leaders, and it is time for them to enhance their contribution. To this end, I am excited to announce the creation of the Office of the CEO. I will remain Chairman and CEO, Joey Hogan will be President and Paul Bunn has been promoted to Senior Executive Vice President and Chief Operating Officer, both reporting to me.
Paul Bunn will assume daily responsibility for all operations, sales and operational improvement of Covenant. He has been with the company for 12 years and has excelled as a leader within the financial and administrative side of Covenant, particularly leading the due diligence and transition team for the Landair acquisition. The respect and relationships already built with the sales and operations teams will allow a quick and seamless transition for Paul, keeping our team focused on our strategic plan.
Joey Hogan will continue focusing on mentoring our leadership team while leading the financial and administrative side of Covenant. During his almost 24 years at Covenant, Joey has led where needed and has accumulated much experience in many areas. Joey will become our Principal Financial Officer.
John Tweed will step back from the Co-President position and transition to a short-term consulting role effective July 3, 2021. He will continue to focus on improving legacy dedicated contracts, expanding the Warehousing segment, and refining our new FP&A process, as well as providing support and leadership to the next generation of leaders in sales and operations.
I appreciate the full support of Joey, John, Paul and our Board in facilitating this change and preparing Covenant for the next step in generating sustained excellence.”
Covenant Logistics Group, Inc., through its subsidiaries, offers a portfolio of transportation and logistics services to customers throughout the United States. Primary services include asset- based expedited, dedicated, and irregular route truckload capacity, as well as asset-light warehousing, transportation management, and freight brokerage capability. In addition, Transport Enterprise Leasing is an affiliated company providing revenue equipment sales and leasing services to the trucking industry. Covenant's Class A common stock is traded on the NASDAQ Global Select market under the symbol, “CVLG.”