Brief: Daseke Increases And Accelerates Operational/Cost Improvement Plan Restructures Management Team

Daseke

04/09/2019 22:02

Sept 4 (Reuters) - Daseke Inc  DSKE.O :
    * DASEKE INCREASES AND ACCELERATES OPERATIONAL/COST
IMPROVEMENT
PLAN; RESTRUCTURES MANAGEMENT TEAM
    * DASEKE INC - TO REDUCE ITS COST BASE
    * DASEKE INC - TO RIGHT SIZE ITS ORGANIZATION AND MANAGEMENT
TEAM
    * DASEKE INC - SCOTT WHEELER HAS RESIGNED FROM HIS POSITION
AS
PRESIDENT AND MEMBER OF BOARD OF DIRECTORS
    * DASEKE INC - ENGAGED DAVID BIZZARO FROM BRIDGEPOINT
CONSULTING,
AN ADDISON GROUP COMPANY, TO FILL ROLE OF INTERIM CHIEF
FINANCIAL OFFICER
    * DASEKE INC - DETERMINED THAT DUTIES OF POSITION OF
PRESIDENT,
WILL BE ASSUMED BY CHRIS EASTER, COMPANY'S CURRENT INTERIM CEO
    * DASEKE INC - WILL CONDUCT A PERMANENT CFO SEARCH
    * DASEKE INC - BHARAT MAHAJAN, COMPANY'S CFO, AND COMPANY
HAVE
MUTUALLY AGREED TO A SEPARATION
    * DASEKE - NOW PROJECTS EXPECTED TOTAL BENEFIT OF $30
MILLION IN
ANNUAL OPERATING INCOME IMPROVEMENT TO BE ACHIEVED ON RUN-RATE
BASIS AS CO EXITS Q1 FISCAL 2020
    * DASEKE INC - REAFFIRMATION OF FISCAL 2019 OUTLOOK

Source text for Eikon:  ID:nGNX4j4myg 
Further company coverage:  DSKE.O 

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