HOUSTON, Oct. 22 /PRNewswire/ -- Eagle USA Airfreight, Inc.
(Nasdaq: EUSA), today announced that Elijio V. Serrano, has joined the Company
as the new Chief Financial Officer.
Mr. Serrano, the former Vice President and General Manager for
Schlumberger Geco-Prakla (North and South America) has extensive experience in
global financial operations as well as strong personnel and leadership skills.
He was previously based in London, England as Financial Controller for the
global seismic operations of Schlumberger, responsible for financial
reporting, treasury and tax planning, international acquisitions and internal
controls. Mr. Serrano's experience also includes strong revenue growth
initiatives in Brazil, Canada and Mexico and the development of alliances with
industry partners in foreign expansion projects. He replaces Douglas A.
Seckel, who served as CFO at Eagle since 1989 and who helped implement Eagle's
growth strategy to become the largest domestic airfreight forwarder. Doug
continues with Eagle as Treasurer.
Commenting on Mr. Serrano's appointment, James R. Crane, Chairman and
Chief Executive Officer, stated, "Given the acceleration of our global growth
initiatives, we are fortunate to have attracted a CFO with such a strong
international finance background. Mr. Serrano brings broad financial business
experience, knowledge and vision to our plans to continue Eagle's growth. His
strong 17-year track record with an expanding multi-national company is a
valuable asset to the company as we continue to execute our global growth
strategy. We are making this change at a time when our business performance
is very strong and would like to thank Doug Seckel for his many years of
devoted service as CFO and his continued service as Treasurer."
Mr. Serrano commented, "I am extremely excited about the opportunity to
manage the financial responsibilities of a company that has such enormous
potential for continued growth in both the domestic and international freight
forwarding markets. My previous experience in a very competitive organization
provides me with the necessary skill set to continue the successful growth
that Eagle has achieved to date."
The statements in this press release regarding future and continued
growth, global growth plans, future business, operations results and any other
statements that are not historical facts are forward looking statements. Such
statements involve risks and uncertainties including, but not limited to the
Company's ability to continue its growth strategy, economic conditions, and
other factors detailed in the Company's filings with the Securities and
Exchange Commission. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual outcomes
may vary from those indicated.
Eagle USA Airfreight, Inc. operates under the name EGL Eagle Global
Logistics. Eagle's dedication to providing superior flexibility and fewer
shipping restrictions on a price competitive basis has made it a leading
provider of airfreight forwarding and other transportation and logistics
services. Its network of 78 terminals in eight countries features
state-of-the-art information systems designed to maximize cargo management
efficiency and customer satisfaction. The Company's shares are traded on the
Nasdaq National Market under the symbol "EUSA".
For more information about EUSA:
Visit Eagle on the Internet at http://www.eagleusa.com .
Contact Eagle Investor Relations via the Internet at mslaught@eagleusa.com
or by telephone at 281-618-3428, Michael Slaughter, Director of Investor
Relations.
SOURCE Eagle USA Airfreight, Inc.
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Related links:
http://www.eagleusa.com
CONTACT:
James R. Crane, Chief Executive Officer,
281-618-3203, or Mike Slaughter, Investor Relations,
281-618-3428, both of Eagle USA Airfreight, Inc.
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