- Push-out Score determined
- After almost 11 years in the position
- Praise and thanks for Daseke
- Chris Easter taking over in the interim
- Search for a successor
- Daseke will remain as Chairman Emeritus at Daseke Inc.
- Daseke said 82 words
(exechange) — Addison, Texas, August 15, 2019 — Don Daseke, chief executive of Daseke Inc., leaves his position. As announced by Daseke Inc. in a news release and in a regulatory filing published on Thursday, August 15, 2019, Don R. Daseke has left his post as Chief Executive Officer at the trucking company after almost 11 years in the role, effective August 14, 2019.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who announced their departure over the past 12 months was 7.3 years, according to data compiled by exechange. On an accumulated basis, around 26% of the CEOs who announced their departure over the past 12 months left their posts after more than 10 years.
Daseke Inc. will undertake a search for a successor.
Don Daseke’s duties as CEO will be taken over in the interim by Christopher (Chris) Easter, most recently Chief Operating Officer of Daseke, Inc., as Interim Chief Executive Officer.
It is a generational change as well. Chris Easter is about 23 years younger than Don Daseke.
“Pass the reins of leadership for the next phase”
A reason for Don Daseke’s departure from the CEO post was not explicitly provided. Brian Bonner, newly appointed Executive Chairman, said: “The Board has the utmost regard for Don and wholly respects his decision to pass the reins of leadership for the next phase of Daseke’s evolution.”
Daseke will remain as Chairman Emeritus at Daseke Inc.
“Daseke, Inc. (NASDAQ: DSKE) (“Daseke” or the “Company”), the largest flatbed, specialized transportation and logistics solutions company in North America, today announced that Don Daseke will retire from his roles as Chief Executive Officer and Chairman of the Board effective immediately, but that he will continue as a member of the Board with the title, Chairman Emeritus,” Daseke Inc. said.
“Resign”
Daseke Inc. said: “On August 14, 2019, Don R. Daseke, the Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of Daseke, Inc. (the “Company”), notified the Company of his intention to resign from his positions as Chief Executive Officer and Chairman of the Board of the Company, effective immediately.”
Share price decline
The announcement follows a decline in Daseke, Inc.’s share price of 86% since January 2018.
In the position of CEO since 2008
Don Daseke became CEO of the Company in November 2008.
Don R. Daseke has been Chief Executive Officer and Chairman of the Board of Directors of Daseke, Inc. since he founded the company (formerly named Walden Smokey Point, Inc.) in November 2008.
Daseke has served as the President and sole director on the board of directors of The Walden Group for more than 30 years.
Daseke also has served as the chairman of the board of directors of both Liquid Motors, Inc. and East Teak Fine Hardwoods, Inc. since June 2005 and March 2006, respectively.
Daseke has been active in the non-profit sector throughout his career, having served in leadership roles for a number of non-profit institutions, including the WaterTower Theatre, DePauw University, the Dallas Chapter of the World Presidents Organization and the Dallas Arboretum and Botanical Society.
Additionally, Daseke currently serves on the Advisory Council for the Cattle Barons Ball in Dallas, Texas. From 2005 to 2009, Daseke was a Commissioner on the Planning and Zoning Commission for Addison, Texas, and in May 2009, he was elected to a two-year term on the Addison Town Council.
Daseke served as Mayor Pro Tempore of Addison, Texas in 2010.
Daseke was the Regional Winner of the Ernst & Young Entrepreneur of the Year Award in 2014.
Daseke received his B.A. from DePauw University, an M.B.A. from the University of Chicago, Graduate School of Business, and the Presidents Program in Leadership from the Harvard Business School.
Daseke is a Certified Public Accountant (retired).
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Daseke Inc. and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 33.2019 ($).