Carlile CFO Retires
[Anchorage, AK] -- Carlile Transportation Systems, Inc. today announced that Terry B. Smith, Chief Financial Officer and Treasurer, informed the Company of his plan to retire after six years in the role that culminated with the sale of all stock and related affiliate holdings to Saltchuk Resources, Inc. effective May 31st, , 2013. Mr. Smith intends to work closely with Saltchuk and TOTE Inc. management to ensure a smooth and successful transition of his responsibilities.
"Terry joined Carlile at a critical period in our history. He started just as the industry, economy and the banks collapsed around us while we rolled out our next generation Enterprise Resource Planning platform. He guided us through this phase allowing us to expand while recapitalizing the company. When our markets stabilized, we were well positioned to pursue our growth plans with the capital to do it successfully. Mr. Smith played a crucial role as we navigated the financial crisis and a changing transportation industry," said Carlile Chairman/CEO Harry McDonald. "Terry reinforced and embodies the character and values that made Carlile the company it is today. The Board of Directors and I thank Terry for his many contributions to Carlile and wish him all the best in his future endeavors."
Mr. Smith said, "I am proud and honored to have been a part of the Carlile team. My work with Harry these last six years was particularly rewarding. The Carlile employees are passionate about their work. Their logistics teams deliver customer solutions in the most challenging and complex conditions with a safety record that sets them apart. I look forward to assisting management during this transition period as I prepare for my next opportunity. My focus will be in helping unify operations at growing and transitioning middle market companies."
About Carlile Transportation Systems
Founded in 1980 by brothers John and Harry McDonald, Carlile grew from just two tractors to one of Alaska’s largest trucking companies. Today, with over 350 tractors, Carlile offers a full range of transportation and logistics services. Carlile is based in Anchorage, AK and employs 700 people. Its wholly owned terminals serve Alaska from Anchorage, Fairbanks, Kenai, Kodiak, Prudhoe Bay and Seward, as well as Tacoma, WA, Houston, TX, Blaine, MN, and Edmonton, AB.
Saltchuk is a family of transportation and petroleum distribution companies. Its shipping and logistics operations make up TOTE, Inc., which is based in Princeton, New Jersey. TOTE, Inc., is one of our nation’s leading marine transportation companies, and includes Totem Ocean Trailer Express (Totem Ocean), Sea Star Lines, TOTE Ship holdings, Alta Logistics, Spectrum Logistics and TOTE Services.
Posted: June 7, 2013