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Panther Expedited Services, Inc. Names R. Louis Schneeberger President And CEO And Edward R. Wadel COO

Stocks in this article: ABFS

SEVILLE, Ohio, Feb. 18, 2013 /PRNewswire/ -- Panther Expedited Services, Inc., a leading provider of premium logistics services and a subsidiary of Arkansas Best Corporation (Nasdaq: ABFS), today announced that R. Louis Schneeberger has been appointed to the position of President and Chief Executive Officer.  Accompanying this move, Panther has also announced the appointment of Edward R. Wadel as Chief Operating Officer.  Andrew C. Clarke, Panther's President and Chief Executive Officer since 2007, has resigned from the company.

(Logo: http://photos.prnewswire.com/prnh/20101207/CL13334LOGO)

Mr. Schneeberger joined Panther in 2010 as Chief Financial Officer and Treasurer and was involved in the company's sale, by private equity firm Fenway Partners LLC, to Arkansas Best Corporation.  He previously served as Chief Financial Officer for two publicly traded companies and as Chairman of the Board for another.  Mr. Schneeberger has an extensive background growing small, privately owned companies into large public corporations by increasing efficiency, improving organizational structure and generating revenues.

Mr. Wadel has served as Panther's Chief Information Officer since 2006, though he has been the architect of Panther's technology since the company was founded in 1992. Mr. Wadel initially worked with Panther as an on-site consultant, helping develop many of Panther's original information technology systems.  Subsequently, Mr. Wadel formally joined Panther's senior management team.  He has extensive experience in all aspects of Panther's ground operations and is closely involved with deployment of Panther's equipment fleet.

During his tenure, Mr. Clarke made significant contributions to Panther's success through enhancement of existing services and solutions and through the development of new markets, all designed to meet changing customer needs.  Under his leadership, Panther evolved from a regional expedited trucking company into a global logistics provider, offering premium ground, air and ocean solutions to customers around the world.   Panther thanks Andy for his service to the company and wishes him well in his future endeavors.

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