- Push-out Score determined
- After around 13 years in the position
- Accolades, praise and thanks for O’Dell
- Fritz Holzgrefe taking over
- O’Dell will remain as non-executive Chairman at Saia
- O’Dell spoke at length and said 184 words
(exechange) — Johns Creek, Georgia, March 6, 2020 — Rick O’Dell, chief executive of Saia, leaves his position. As announced by Saia Inc. in a news release on Friday, March 6, 2020, Richard D. (Rick) O’Dell leaves his post as chief executive officer at the trucking company after around 13 years in the role, effective April 28, 2020.
Rick O’Dell’s duties as CEO will be taken over by Frederick J. (Fritz) Holzgrefe, currently Chief Operating Officer of Saia Inc.
“Planned leadership transition”
Rick O’Dell’s departure from the CEO post is explained as follows. Saia announced that its Board of Directors “has approved a planned leadership transition that provides continuity in executive leadership to support the Company’s long term strategy.”
O’Dell will remain as non-executive Chairman at Saia
“Rick O’Dell, Saia’s CEO since 2006, will remain with the Company assuming the role of non-executive Chairman of the Board of Directors,” Saia said.
Share price increase since December 2006
The announcement follows an increase in Saia Inc.’s share price of 434% since December 2006.
Chaired by Bert Trucksess
Saia Inc. is chaired by Bert Trucksess.
In the position of CEO since 2006
Rick O’Dell became CEO of the Company in 2006.
O’Dell has been Chief Executive Officer of Saia since January 2019 and served as President and Chief Executive Officer from December 2006 to January 2019.
Prior to assuming the role of Chief Executive Officer, O’Dell served as President of Saia from July 2006 to December 2006.
In 1997, O’Dell joined Saia LTL Freight, the principal operating subsidiary of the Company, as Chief Financial Officer.
He continued in that position until his appointment as President and CEO of Saia LTL Freight in 1999.
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 Saia and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 10.2020 ($).