ArcBest Corp Appoints Thom Albrecht to Board, Replacing Steven Spinner

ArcBest Corp has appointed Thom Albrecht as a new independent director, replacing Steven L. Spinner who will retire on October 31, 2025. Albrecht brings 35 years of transportation and logistics experience, enhancing the board's expertise. The appointment aligns with ArcBest's commitment to diverse perspectives and long-term shareholder value. From a financial analyst's viewpoint, Albrecht's expertise in finance and capital allocation may positively impact ArcBest's financial performance.

ArcBest Corp has appointed Thom Albrecht as a new independent director, replacing Steven L. Spinner who will retire on October 31, 2025. Albrecht brings 35 years of transportation and logistics experience, enhancing the board's expertise. The appointment aligns with ArcBest's commitment to diverse perspectives and long-term shareholder value. From a financial analyst's viewpoint, Albrecht's expertise in finance and capital allocation may positively impact ArcBest's financial performance.

Albrecht, who currently serves as Chief Revenue Officer at Reliance Partners, a commercial insurance agency specializing in transportation and logistics, will join the board as an independent director. He previously held executive positions at Celadon Group, including CFO and Chief Commercial Officer, and spent 28 years on Wall Street specializing in the transportation sector. His extensive industry expertise and investor mindset are highly complementary and additive to the ArcBest Board [1].

Spinner, who has been a director for 14 years, including serving as Lead Independent Director and a member of the Audit Committee, will retire. During his tenure, Spinner helped guide ArcBest through key milestones, contributing to its transformation from an LTL company into a leading integrated logistics company. He supported succession planning and oversaw multiple acquisitions as ArcBest expanded its comprehensive suite of logistics solutions [1].

The appointment of Albrecht is part of ArcBest's regular assessment of board size, composition, and current balance of skills and characteristics. Additional updates are expected in the coming months as the review process continues. ArcBest, a multibillion-dollar integrated logistics company, has a long history of innovation and a commitment to helping customers navigate supply chain challenges. With a diverse board and a focus on long-term sustainable value, ArcBest is poised for continued growth and success [1].

References:
[1] https://finance.yahoo.com/news/arcbest-announces-appointment-thom-albrecht-200500446.html