ADDISON, Texas--(BUSINESS WIRE)--
Daseke Inc., (NASDAQ: DSKE) (NASDAQ: DSKEW), the largest flatbed,
specialized transportation and logistics solutions company in North
America, today announced the appointment of Bharat Mahajan as the
company’s new chief financial officer. Mahajan will assume the role of
CFO from Scott Wheeler, who was named Daseke’s president earlier this
year.
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Bharat Mahajan will assume role of Daseke CFO from Scott Wheeler, who was named Daseke's president earlier this year. (Photo: Business Wire)
Mahajan previously served as CFO for Aveda Transportation and Energy
Services, which merged with Daseke in June. Mahajan, who will work at
Daseke’s Dallas-area headquarters, brings the company a wealth of
knowledge and experience.
“As a leader of the financial team of a publicly-traded transportation
company, Bharat has a proven record of helping businesses grow while
maximizing profitability,” said Don Daseke, company CEO and chairman.
“We are very pleased to bring Bharat on as our new CFO,” added Wheeler.
“Bharat did an impressive job while at Aveda. His work is of the highest
caliber, and our values are closely aligned -- he believes in building
teams that make the whole organization better. He’s a perfect fit to
help us achieve our vision of continued growth as a leading consolidator
and North America’s largest owner of flatbed and specialized
transportation capacity.”
“I’ve watched Daseke for some time,” said Mahajan. “The honesty,
integrity and transparency are very apparent with Don Daseke, Scott
Wheeler and the rest of the Daseke team. It’s very synergetic with the
way I’ve always approached business and financial propositions. I look
forward to continuing a positive people-culture for the Daseke financial
team in our work with the operating companies, as well as with our
external stakeholders.”
Mahajan’s track record at Aveda included leading a team that negotiated
with, acquired and successfully integrated six companies. He also helped
raise revenue by eightfold between early 2016 and early 2018.
“Bharat impressed us from Day One and is a strong fit with our company
culture,” Daseke said. “He’s a rising star in the financial world and
has accomplished so much so soon. His strong background and focus on
people first will enable him to do great things at Daseke.”
About Daseke Inc.
Daseke Inc. is a leading consolidator and the largest owner of flatbed
and specialized transportation and logistics capacity in North America.
Daseke offers comprehensive, best-in-class services to many of the
world’s most respected industrial shippers through experienced people,
more than 5,500 tractors, more than 11,500 flatbed and specialized
trailers, and million-plus square feet of industrial warehousing space.
Daseke is uniquely positioned as the largest carrier, yet has only a
small percent market share, of the highly fragmented flatbed and
specialized transportation market. For more information, please visit www.daseke.com.
Forward-Looking Statements
This presentation includes “forward-looking statements” within the
meaning of the “safe harbor” provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking statements may
be identified by the use of words such as "forecast," "intend," "seek,"
"target," “anticipate,” “believe,” “expect,” “estimate,” “plan,”
“outlook,” and “project” and other similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. Projected financial information are forward-looking
statements. Forward-looking statements, including those with respect to
revenues, earnings, performance, strategies, prospects and other aspects
of the business of Daseke, are based on current expectations that are
subject to risks and uncertainties. A number of factors could cause
actual results or outcomes to differ materially from those indicated by
such forward-looking statements. These factors include, but are not
limited to, general economic risks (such as downturns in customers’
business cycles and disruptions in capital and credit markets), driver
shortages and increases in driver compensation or owner-operator
contracted rates, loss of senior management or key operating personnel,
Daseke’s ability to recognize the anticipated benefits of recent
acquisitions, Daseke’s ability to identify and execute future
acquisitions successfully, seasonality and the impact of weather and
other catastrophic events, fluctuations in the price or availability of
diesel fuel, increased prices for, or decreases in the availability of,
new revenue equipment and decreases in the value of used revenue
equipment, Daseke’s ability to generate sufficient cash to service all
of its indebtedness, restrictions in Daseke’s existing and future debt
agreements, increases in interest rates, the impact of governmental
regulations and other governmental actions related to Daseke and its
operations, litigation and governmental proceedings, and insurance and
claims expenses. For additional information regarding known material
factors that could cause actual results to differ from those expressed
in forward-looking statements, please see Daseke’s filings with the
Securities and Exchange Commission, available at www.sec.gov,
the Annual Report on Form 10-K for the year ended December 31, 2017,
particularly the section “Risk Factors.” You are cautioned not to place
undue reliance upon any forward-looking statements, which speak only as
of the date made. Daseke undertakes no commitment to update or revise
the forward-looking statements, whether as a result of new information,
future events or otherwise.
Source: Daseke Inc.
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For Daseke Inc.
Leslie Lord
512.387.3701
leslie.lord@anthonybarnum.com
Source: Daseke Inc.