Pacer International (Nasdaq: PACR), the asset-light North American freight transportation and logistics services provider, announced that its chairman and chief executive officer, Michael E. Uremovich, will retire effective as of the close of business today, December 15, 2009. Daniel W. Avramovich will succeed Mr. Uremovich as chief executive officer and will be appointed as a director and chairman of the board of directors.
Avramovich has served as Pacer International’s chief operating officer since June, 2009, with day-to-day leadership of Pacer’s retail and wholesale intermodal service units, as well as the highway brokerage, supply chain, and warehousing service units. He joined the company in June, 2008 as retail intermodal services president.
“Dan Avramovich has not only proven to be an effective leader for Pacer, he has a clear vision and plan for Pacer’s future that has been embraced by our board of directors and leadership team,” said Michael E. Uremovich, the outgoing chairman and chief executive officer. “He brings a breadth of experience as an executive of logistics, rail and intermodal transportation companies, as well as skills in building value-added relationships with customers and vendors, and cohesiveness within our organization. He is a solid choice to lead our senior management team and our company into the future.”
“Under Mike Uremovich, Pacer has made continuous progress on its four strategic initiatives, culminating in 2009 with the simplification and streamlining of our organization, the sale of assets of a non-strategic business unit, and the renegotiation of our arrangements with Union Pacific,” said Mr. Avramovich, incoming chief executive officer. “We thank him for his service to Pacer.”
“I look forward to leading Pacer into the next decade. We are committed to continuing the integration of our door-to-door transportation services, while providing our customers with superior levels of service and access to one of the largest intermodal equipment fleets in our industry,” added Mr. Avramovich.
ABOUT PACER INTERNATIONAL (www.pacer.com)
Pacer International, a leading asset-light North American freight transportation and logistics provider, through its intermodal and logistics operating segments, offers a broad array of services to facilitate the movement of freight from origin to destination. The intermodal segment offers wholesale intermodal services to transportation intermediaries, and retail intermodal services directly to beneficial cargo owners. The logistics segment provides other logistics services to beneficial cargo owners through its truck brokerage, warehousing and distribution, international freight forwarding and supply-chain management services units. Pacer International is headquartered in Concord, California. Its intermodal and logistics operating segments are headquartered in Concord, California, and in Dublin, Ohio, respectively.