Arkansas Best Corp. announced that Michael E. Newcity has been promoted to chief financial officer effective June 1. Newcity currently is director of economic analysis for Arkansas Best and leads a group that provides critical analysis on topics including costing and profitability methods, incentive systems, business metrics and forecasting.
Previously, Newcity held a variety of positions at ABF Freight System Inc. and Data-Tronics Corp., both Arkansas Best subsidiaries. During this time, he was instrumental in the development and implementation of internal management systems as well as numerous Internet-based customer-facing solutions. He began his career with the corporation in 1993.
“I am pleased to have Michael Newcity lead Arkansas Best’s financial team into the future,” says Judy R. McReynolds, president and chief executive officer of the Fort Smith, Ark.-based company. ”At a very important time in Arkansas Best’s history, Michael brings a unique combination of analytical skills and innovative thinking into the CFO position. As a 17-year employee of our company, Michael values our corporate culture. He has played a significant role in the creation and development of numerous internal and external systems and solutions that have formed the foundation for ABF’s customer-centric reputation. Over the years, Arkansas Best has established a strong financial team with a reputation for high ethical standards and excellence in financial reporting. I believe that Michael’s technological expertise and strategic creativity will further enhance the strengths of that team and contribute to the long-term success of our company.”