- Stephen R. Attwood, President & COO of Quality, to Retire –
- Thomas N. Flessor Named President of QC Energy Resources –
TAMPA, Fla., April 4, 2013 (GLOBE NEWSWIRE) -- Quality Distribution, Inc. (Nasdaq:QLTY) announced today Stephen R. Attwood, President & Chief Operating Officer of Quality Distribution, will retire effective April 30 th, 2013."Steve has contributed as much to the success of this company as anyone, and I am very grateful he came out of retirement in 2008 to help engineer a turnaround in our business model. Over the last eighteen months, Steve has spent the vast majority of his time building and overseeing our energy logistics business, which he and Mark Bitting grew from a concept into a $160 million in revenue operation with further opportunities for growth," said Gary Enzor, Chief Executive Officer. Enzor added, "Over the last twenty-one years, I have had the privilege of working with Steve at four separate companies, and will sincerely miss his tireless drive for results. We wish him well in retirement and his pursuit of philanthropic activities." Thomas N. Flessor will succeed Attwood in managing the company's energy logistics business as President of QC Energy Resources ("QCER"), a wholly-owned subsidiary of Quality Distribution. "Tom is a hands-on operating executive with deep industrial and transportation experience," said Enzor. "Tom joined us in 2010 where he was primarily responsible for managing our transportation assets, and was extremely successful in improving efficiency within our chemical logistics business. More recently, he has been actively involved in managing and improving our Texas and Oklahoma shale operations. Going forward, Tom will focus on enhancing the profitability of our energy logistics business by rationalizing underperforming operations, improving asset utilization, and shifting our product mix toward steadier, more predictable oil movements versus water movements. Tom has led large and complex operations working for Allied-Signal and Honeywell, and he also worked for British Petroleum early in his career. I believe his excellent operational focus will help us quickly improve profitability in our high-growth potential energy logistics business."