PHOENIX, May 4 /PRNewswire-FirstCall/ -- Jerry Moyes is pleased to announce that Ramiro ("Ramey") Peru has agreed to join Saint Corporation ("Saint" to be re-named Swift Corporation) as its Executive Vice President and Chief Financial Officer and as a member of its board of directors upon completion of the pending acquisition of Swift Transportation Co., Inc. ("Swift" Nasdaq: SWFT), through which Swift will become wholly-owned by Saint.
Mr. Moyes stated, "Our management group is now complete, and I welcome Ramey to our team. We are planning to close the acquisition next week, which was approved by more than 99% of the Swift stockholders voting at the April 27 meeting, and we're eager for our entire team to be on the field."
Mr. Peru, 51, recently completed his 28-year career at Phelps Dodge Corporation, the largest publicly traded copper producer in the world, which recently sold to Freeport-McMoRan for $26 billion. During his last eight years, he served as Chief Financial Officer, including, from October 2004- March 2007, as Executive Vice President and member of the three-person Office of the Chairman. Mr. Peru had direct management responsibility for all financial and many other functions at Phelps Dodge. He is a graduate of the University of Arizona, where he received a Bachelor of Science in Business Administration (1978) while majoring in accounting, and has attended executive development or advanced management programs at several universities. Mr. Peru is a member of the Boards of Directors of Wellpoint, Inc. and the University of Arizona Foundation, the National Board of Advisors of the Eller Graduate School of Management-University of Arizona, and is a life member of Tostitos Fiesta Bowl.
In the proposed acquisition, Saint will become the parent company of Swift, which is the holding company for Swift Transportation Co., Inc., a truckload carrier headquartered in Phoenix, Arizona. Swift's trucking subsidiary operates the largest fleet of truckload carrier equipment in the United States with regional operations throughout the continental United States.
This press release contains statements that may constitute forward-looking statements, usually identified by words such as "anticipates," "believes," "estimates," "plans," "projects," "expects," "intends," or similar expressions, which speak only as of the date the statement was made. Accordingly, investors should not place undue reliance on Saint's forward- looking statements.
