Richard Lehmann has been elected to the Knight Transportation board of directors, the trucking company said Monday, Feb. 13. Timothy Kohl, president of Phoenix-based Knight, volunteered to step down from the board of directors, “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,” the company stated in a written release. Kohl will continue to serve as president, attend board meetings and provide input.
Currently, Lehmann serves as the founding principal of The Biltmore Bank of Arizona, which opened in June 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.