Swift Corp. announced Thursday, Dec. 13, that Stan Rideout will be the company’s new executive vice president and chief financial officer. Effective Jan, 1, Rideout will oversee the finance, legal and risk strategies of the Phoenix-based company.
“We are very pleased to have Stan join our executive team,” says Jerry Moyes, chief executive officer and president of Swift. “Our leadership team, which includes the recent addition of Gerry Gluscic as executive vice president spearheading our business transformation efforts and the return of Ken Runnels as executive vice president overseeing our Eastern region, is the best in the industry. We have the talent in place to move this company forward.”
Rideout joins Swift following a 25-year career with Phelps Dodge Corp., which later was sold to Freeport-McMoRan Copper & Gold Inc. for $26 billion in March 2007. During his tenure with Phelps Dodge, Rideout served in various leadership roles within financial and treasury management and investor relations. Specifically, for three years prior to the completion of the acquisition, he served as the treasurer and investor relations officer for Phelps Dodge, and from 1999 through 2004, he served as the corporation’s controller, with responsibilities over external reporting, forecasting, budgeting and investor relations. Prior to 1999, Rideout’s roles at Phelps Dodge included responsibilities over strategic planning and chief financial officer for its international wire and cable company, which comprised 14 international business units located in Latin America, Asia and Africa.
Rideout will be replacing Ramey Peru, who in November 2007 submitted his resignation due to personal and family reasons. Peru’s resignation as executive vice president and CFO and member of the board of directors will be effective Dec. 31, after which he will continue as an adviser to the company on a consulting basis. Moyes says he is committed to putting in place a board of directors comprised of a majority of independent directors in 2008. Moyes and Peru are discussing the possibility of Peru rejoining the board once his advisory role has concluded.
