Retired WalMart Executive Brings Extensive Experience in Technology, Human Resources and Corporate Governance
USA Truck, Inc. (NASDAQ:USAK), a leading capacity solutions provider
headquartered in Van Buren, AR, today announced the appointment of Susan
Chambers to its board of directors effective immediately.
“Susan’s vast experience as a senior officer of one of America’s iconic
companies will assist us in areas that are critical to the success of
our Company - most notably, driver and staff retention as well as
leveraging technology to enhance operational effectiveness,” said USA
Truck Chairman Robert A Peiser. “Her appointment is part of an ongoing
effort at USA Truck to strengthen our governance structure, including
the appointment of Major General (Ret.) Barbara J. Faulkenberry to the
board in January. Each of these new directors brings unique perspective
and operational experience that will be very helpful in guiding our
newly strengthened management team as it works to continue transforming
the Company, strengthening its position as a capacity solutions provider
and driving return on invested capital.”
Ms. Chambers, 58, retired in July 2015 as the executive vice president
and chief human resource officer for Wal-Mart Stores, Inc. where she was
responsible for compensation, recruiting, development and retention
initiatives as well as benefits and communications for more than two
million Walmart associates worldwide. Additionally, her duties included
human resource technology, culture, diversity and inclusion, and
regulatory issues.
Before being promoted to chief human resource officer in 2006, Ms.
Chambers held executive positions in multiple corporate functions
including risk management and information technology. During her tenure,
she was named to Fortune magazine’s list of the “50 Most Powerful Women
in Business” five years in a row. She joined Walmart in 1999 as vice
president of application development – merchandising and supply chain
systems.
Prior to joining Walmart, Ms. Chambers was director of application
development at Hallmark Cards, Inc., having held roles of increasing
responsibility in IT and finance over a 14-year tenure.
She earned a BS degree in Systems and Data Processing from William
Jewell College. Her current board seats include the Arkansas State Board
of Education, William Jewell Board of Trustees (Vice Chair) and
Economics Arkansas. She previously served on the Kansas State Advisory
Board (Computer Science), Arvest Bank Board, Walmart Foundation Board
and Duke University Board of Visitors of The Fuqua School of Business.
USA Truck also announced that J.D. Simpson will retire from the Board at
the Company’s annual meeting in 2016. Mr. Simpson was a Class I Director
whose term will expire at the annual meeting in 2017 and Ms. Chambers
will be appointed to that class.
Mr. Peiser added, “On behalf of the entire Board, I would like to
express our appreciation to J.D. for all of the contributions he has
made to the Company and the Board over the past six years. His candid
assessment of issues facing the Company was always of great assistance
in moving our discussions forward. We are fortunate to have worked with
him and wish him the best in his future endeavors.”
As previously announced, Mr. Richard Beauchamp will not stand for
re-election at the Company’s annual meeting in 2016. As a result of Mr.
Beauchamp’s decision and Mr. Simpson’s retirement, the USA Truck Board
will revert to eight non-management Directors.
About USA Truck
USA Truck is a capacity solutions provider of transportation and
logistics services that include truckload, dedicated contract carriage,
intermodal and brokerage spot market throughout the continental United
States, Mexico and Canada.
This press release and related information will be available to
interested parties at our web site, www.usa-truck.com,
under the "Financial Releases" tab of the "Investors" menu.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are made pursuant to the provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements, including statements concerning expected financial and
operating improvements and management capability, are based upon the
current beliefs and expectations of our management and are inherently
subject to risks and uncertainties, some of which cannot be predicted or
quantified, which could cause future events and actual results to differ
materially from those set forth in, contemplated by, or underlying the
forward-looking statements. Accordingly, actual results may differ
materially from those set forth in the forward-looking statements.
Readers should review and consider the factors that may affect future
results and other disclosures by the Company in its press releases,
Annual Report on Form 10-K and other filings with the Securities and
Exchange Commission. Any forward-looking statement speaks only as of the
date on which it is made. We disclaim any obligation to update or revise
any forward-looking statements to reflect actual results or changes in
the factors affecting the forward-looking information. In light of these
risks and uncertainties, the forward-looking events and circumstances
discussed in this press release might not occur.
All forward-looking statements attributable to us, or persons acting on
our behalf, are expressly qualified in their entirety by this cautionary
statement.
References to the “Company,” “we,” “us,” “our” and words of similar
import refer to USA Truck, Inc. and its subsidiary.
