Knight Transportation Inc. (NYSE: KNX) announced today
that Richard Lehmann has been elected as a director of the company and
an existing director, Timothy Kohl, president of Knight
Transportation, volunteered to step down from the board of directors.
Kevin Knight, chairman and chief executive officer of Knight Transportation, thanked Kohl for his contributions to the board, and stressed that Kohl is stepping down voluntarily in order to assist the company in increasing the number of outside directors who have no affiliation with the company and to help the company improve its corporate governance. Knight stated that Kohl will continue to serve as president, attend board meetings and provide input, and Knight thanked him for his valuable contributions to the board.
Currently, Lehmann serves as the founding principal of The Biltmore Bank of Arizona, which opened in June of 2003, and is chairman of Bank Capital Corp., the holding company for the bank. Until Dec. 31, 1999, Lehmann served as vice chairman of Bank One when it acquired FCNBC, creating the fifth largest bank in the United States, with responsibility for all consumer banking and credit card operations.
Lehmann's previous positions include chairman and chief executive officer of Valley National Bank before it was sold to Bank One in 1993. Prior to that, Lehmann had spent 20 years with Citigroup in various positions, including 10 years in the International Division, with three and one-half years as a senior corporate officer in Europe, the Middle East and Africa. Lehmann also serves on the board of trustees at Thunderbird, The Garvin School of International Management and e-Funds Corp., and is active in various civic matters.
About Knight Transportation Inc.
Knight Transportation Inc., with headquarters in Phoenix, is a truckload carrier offering dry van, refrigerated and brokerage services to its customers through a network of service centers located throughout the United States. The principal types of freight transported include consumer staples, retail, paper products, packaging/plastics, manufacturing and import/export commodities. Knight's common stock is traded on the New York Stock Exchange under the symbol KNX.
Kevin Knight, chairman and chief executive officer of Knight Transportation, thanked Kohl for his contributions to the board, and stressed that Kohl is stepping down voluntarily in order to assist the company in increasing the number of outside directors who have no affiliation with the company and to help the company improve its corporate governance. Knight stated that Kohl will continue to serve as president, attend board meetings and provide input, and Knight thanked him for his valuable contributions to the board.
Currently, Lehmann serves as the founding principal of The Biltmore Bank of Arizona, which opened in June of 2003, and is chairman of Bank Capital Corp., the holding company for the bank. Until Dec. 31, 1999, Lehmann served as vice chairman of Bank One when it acquired FCNBC, creating the fifth largest bank in the United States, with responsibility for all consumer banking and credit card operations.
Lehmann's previous positions include chairman and chief executive officer of Valley National Bank before it was sold to Bank One in 1993. Prior to that, Lehmann had spent 20 years with Citigroup in various positions, including 10 years in the International Division, with three and one-half years as a senior corporate officer in Europe, the Middle East and Africa. Lehmann also serves on the board of trustees at Thunderbird, The Garvin School of International Management and e-Funds Corp., and is active in various civic matters.
About Knight Transportation Inc.
Knight Transportation Inc., with headquarters in Phoenix, is a truckload carrier offering dry van, refrigerated and brokerage services to its customers through a network of service centers located throughout the United States. The principal types of freight transported include consumer staples, retail, paper products, packaging/plastics, manufacturing and import/export commodities. Knight's common stock is traded on the New York Stock Exchange under the symbol KNX.