|Frozen Food Express Industries Inc. and FFE Transportation Services Inc. announced the promotion of two executives.
S. Russell Stubbs has been promoted to president of Frozen Food Express Industries Inc., and FFE Transportation Services Inc. Stubbs has been with the FFE family of companies for 24 years in areas of increasing responsibility. He most recently was senior vice president and chief operating officer of FFE and moved into that position in 2006 after serving seven years as president of Lisa Motor Lines.
John T. Hickerson has been promoted to executive vice president and COO, reporting directly to Stubbs. Hickerson joined the FFE organization in January 2007 as president of American Eagle Lines and most recently was senior vice president and chief marketing officer of FFE. He has 33 years of industry experience and has been in senior leadership roles since 1986. He will continue to serve in the capacity of president of FFE Logistics Inc.
Stoney M. Stubbs Jr. will continue in the role of chairman and chief executive officer of FFE. “This is just a part of a continued succession plan for the future of our organization,” says Mit Stubbs. “Russell’s and John’s collective leadership efforts were instrumental in the 2008 turnaround we experienced, and those efforts carried through to 2009, which was the most challenging year our industry and our company ever faced. Despite enduring operating losses throughout the year, the efforts of our management team led by Russell and John allowed us to continue to move forward, streamline our organization for the future, keep our customer base intact with high service levels, remain debt-free and preserve the integrity of our balance sheet for the long term. I feel our company is ideally positioned to take maximum advantage of the marketplace as it begins to turn at whatever time that may be in the future.”