Clark Holdings Inc. Appoints Donald G. McInnes Chairman of Its Board of Directors
December 01 2008 - 4:39PM
PR Newswire (US)
Company Also Announced Kenneth L. Saunders Appointment to the Board
NEW YORK, Dec. 1 /PRNewswire-FirstCall/ -- Clark Holdings Inc.
(NYSE Alternext US: GLA; GLA.U; GLA.WS), a non-asset-based provider
of mission-critical supply chain solutions, announced today the
appointment of Donald G. McInnes as Chairman of its Board of
Directors, effective immediately. Mr. McInnes has served on the
Board of Directors since February 2008. The Company also announced
Kenneth L. Saunders appointment to the Board of Directors,
effective immediately. The addition of Mr. Saunders brings the
Company's number of directors to seven. "Don has been a valuable
asset to Clark during his tenure on the Board and we look forward
to further leveraging his extensive operating experience in his
expanded leadership role. In addition, with the addition of Ken
Saunders, formerly CFO of Global Logistics Acquisition Corp., we
have strengthened the Board with a proven financial executive that
is intimately familiar with Clark Group Inc.'s operating
companies," said Gregory Burns, President and CEO of Clark Holdings
Inc. Mr. McInnes possesses over 40 years of transportation industry
experience. He most recently headed McInnes Global Enterprise, a
consulting practice advising on transportation and intermodal
issues. Prior to forming McInnes Global Enterprise, he served for
31 years in a variety of roles including Chief Operating Officer
and Senior Vice President - Administration at Burlington Northern
Sante Fe Corporation (BNSF). During his tenure at BNSF, Mr. McInnes
had direct operating responsibility in a variety of areas including
operations oversight and management, merger integration, customer
relationship management, profitability analyses, and information
technology. Mr. McInnes was also instrumental in establishing
BNSF's intermodal business unit. Mr. Saunders has over 17 years of
experience in senior financial management positions at public and
private entities. Mr. Saunders served as Chief Financial Officer of
Clark Holding's predecessor company, Global Logistics Acquisition
Corporation, from June 2006 to February 2008. He currently serves
as Chief Financial Officer of Blue Line Advisors, Inc., a strategic
consulting firm servicing companies in the transportation and
logistics sector. Prior to joining Blue Line, and Global Logistics
Acquisitions Corporation, Mr. Saunders was Senior Vice President of
Strategy and Business Development for TNS Media Intelligence where
he restructured the finance organization and establishing
successful best practices in financial planning, forecasting and
analysis and corporate development. About Clark Over its 30-year
history, Clark has built a position as the leading independent
provider of value-added distribution, transportation management,
and international air and ocean freight forwarding services to the
print media industry. This press release may contain certain
forward-looking statements including statements with regard to the
future performance of Clark Holdings Inc. Words such as "believes,"
"expects," "projects," and "future" or similar expressions are
intended to identify forward-looking statements. These
forward-looking statements inherently involve certain risks and
uncertainties that are detailed in Clark Holdings Inc.'s filings
with the Securities and Exchange Commission. Clark Holdings Inc.
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. DATASOURCE: Clark Holdings Inc.
CONTACT: Investors - Jeff Majtyka or Brad Edwards, or Media - Jenna
Focarino, all of Brainerd Communicators, Inc., +1-212-986-6667
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