HOUSTON, May 16 /PRNewswire-FirstCall/ -- EGL, Inc. (Nasdaq: EAGL)
announced the appointments of Mr. Milton Carroll and Dr. James C. Flagg to
serve as directors of EGL, Inc. effective May 12, 2003. Mr. Carroll will also
serve on the Board's Compensation and Governance/Nominating Committees and
Dr. Flagg will serve on the Board's Audit Committee. With their appointments,
seven out of the nine directors serving on the Company's Board are non-
employee directors.
Mr. Carroll is the Founder and Chairman of Instrument Products, Inc., an
oil-tool manufacturing company based in Houston, Texas. Mr. Carroll also
serves as Chairman of the Board of Directors of CenterPoint Energy, Inc.,
Chairman of Health Care Service Corporation, and as a director of Devon Energy
Corporation and Texas Eastern Products Pipeline Company, LLC, the general
partner of TEPPCO Partners, L.P.
Dr. Flagg is a certified public accountant and an associate professor in
the Department of Accounting, Mays Business School at Texas A&M University,
where he has taught since 1988. Dr. Flagg also serves as a director of HCC
Insurance Holdings, Inc.
EGL Chief Executive Officer and Chairman of the Board commented, "We are
pleased to have these two new directors join the EGL team. Their depth and
experience, especially with respect to their service as directors of public
companies, will be invaluable to our Company. We look forward to their
contributions in helping us develop and execute our business strategy."
Houston-based EGL, Inc. operates under the name EGL Eagle Global
Logistics. EGL is a leading global transportation, supply chain management
and information services company dedicated to providing superior flexibility
and fewer shipping restrictions on a price competitive basis. With 2002
revenues exceeding $1.87 billion, EGL's services include air and ocean freight
forwarding, customs brokerage, local pickup and delivery service, materials
management, warehousing, trade facilitation and procurement, and integrated
logistics and supply chain management services. The Company's shares are
traded on the Nasdaq National Market under the symbol "EAGL".
CAUTIONARY STATEMENTS
The statements in this press release which are not historical facts, are
forward looking statements. Such statements involve risks and uncertainties
and other factors detailed in the Company's 2002 Form 10-K, proxy
statement/prospectus and other filings with the Securities and Exchange
Commission. Should one or more of these risks or uncertainties materialize
(or the consequences of such a development worsen), or should underlying
assumptions prove incorrect, actual outcomes may vary materially from those
forecasted or expected. The Company disclaims any intention or obligation to
update publicly or revise such statements, whether as a result of new
information, future events or otherwise.
SOURCE EGL, Inc.
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Related links:
http://www.eaglegl.com
CONTACT:
Elijio Serrano, Chief Financial Officer of
EGL, Inc., +1-281-618-3665
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