Knight-Swift Transportation Holdings recently announced two membership changes for its board of directors.
Douglas Col, former Saia EVP and CFO, joined Knight-Swift Transportation Holdings’ board of directors on March 13. Former Werner CFO Robert Synowicki Jr. will not be standing for reelection, according to an 8-K filing from April 1.
Col retired from Saia in May 2024 after more than four years as CFO, and stayed on as an advisor at the LTL carrier until the end of last year. Now, he is serving on its competitor’s finance and nominating and corporate governance committees.
Prior to joining Saia, Col served in a variety of positions within the financial sector, including director at transportation investment group Cowen and Co., an equity analyst at Wellspring Management and a fund manager at Red Rock Partners.
Meanwhile, Synowicki confirmed to Knight-Swift on April 1 of his decision, per the 8-K filing. His reelection opportunity was supposed to take place at the company’s 2025 annual meeting of stockholders. The stockholders meeting is set for May 13 at the carrier’s corporate offices in Phoenix.
Synowicki was part of the board since February 2016 and served over 25 years with Werner Enterprises, according to Knight-Swift’s investor site. With Werner, he held several positions such as CFO, COO and CIO. He also was a member of the board at the American Trucking Associations and the Truckload Carriers Association.
The board of directors changes come at a time of high growth for Knight-Swift. In recent months, the carrier has opened additional service centers across the U.S., and acquired four more terminals from the Yellow Corp. bankruptcy. It’s also interested in M&A opportunities in the Northeast, CEO Adam Miller said during a January earnings call.
