Celadon Appoints Ken Buck To Board Of Directors

Buck Also Promoted To Executive Vice President of Business Development for Celadon

Feb 09, 2016, 09:00 ET from Celadon Group, Inc.

INDIANAPOLIS, Feb. 9, 2016 /PRNewswire/ -- Celadon Group, Inc. (NYSE: CGI) recently announced that Ken Buck has been promoted to Executive Vice President of Business Development.  Concurrent with this move, he also has been appointed to the Company's Board of Directors and is now an officer of the company.

Buck is president and CEO of A&S Services Group, LLC, a subsidiary of the Celadon Group. Buck joined A&S Trucking Service, Inc. in February 2005 as an equity partner and became President and CEO of A&S Services Group, the successor entity in June of 2009. He has 32 years of transportation experience in sales, sales management and executive management.  A Maryland native, Buck was Vice President of Sales at Cowan Systems in Baltimore prior to joining A&S.

"We are delighted to welcome Ken to the Board," said Paul Will, Celadon's Chairman and Chief Executive Officer. "Ken's broad expertise in transportation will be a tremendous asset to Celadon's Board and our shareholders."

Celadon acquired A&S Kinard in October 2014, at which time A&S Kinard's annual revenues were approximately $120 million.  Since the acquisition, Buck and his team have doubled revenues to $240 million through a focus on gaining both dedicated and committed transportation business with new and existing customers as well as growing the logistics revenue with the customer base.

"Ken has demonstrated great leadership and industry knowledge over the past fifteen months with Celadon," commented Eric Meek, President and Chief Operating Officer at Celadon.  "We look forward to Ken helping us expand our reach and concentration into dedicated and committed freight transportation within the Celadon network."

"I am looking forward to expanding my role which will incorporate teams from both Celadon and A&S with a focus on continuing to build long term, high margin freight for the entire group of Celadon companies.  Our focus on enhancing product lines through over the road and dedicated, high service offerings will also include identifying additional acquisitions to promote profitable growth," Buck stated.   "I am honored with this appointment to the Board and plan to work with the current team of Directors and Executives to make a meaningful contribution to the future success of Celadon."

Buck attended the United States Naval Academy and Towson University where he graduated magna cum laude with a B.S. degree in Business Administration.

Celadon Group, Inc. (NYSE: CGI), through its subsidiaries, provides long-haul, regional, local, dedicated, intermodal, temperature controlled, flatbed and expedited freight service across the United States, Canada and Mexico. The company also owns Celadon Logistics Services, which provides freight brokerage services, freight management, as well as supply chain management solutions, including warehousing and distribution.

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SOURCE Celadon Group, Inc.