Expeditors International of Washington, Inc. (NASDAQ: EXPD), the
international logistics company today said that Bradley S. Powell has
accepted the position of Chief Financial Officer. Mr. Powell has most
recently served as President, Chief Financial Officer and Secretary of
Eden BioScience Corporation (EDEN), a publicly-traded biotechnology
company. Before being promoted to this position, Mr. Powell was Eden’s
Chief Financial Officer and Vice President of Finance. Prior to his
experience with EDEN, Mr. Powell spent four years as the Vice-President
and Corporate Controller of Omega Environmental, Inc, also a
publicly-traded corporation. Mr. Powell started his career with Peat,
Marwick, Mitchell & Co. (which later became part of KPMG, the
international accounting firm), where he spent ten years, two of those
years on a international assignment, rising to the position of Senior
Manager. He has a B.S. Degree in Accounting from Central Washington
University and is a Certified Public Accountant.
"We are very pleased to have someone with Brad’s
experience and abilities join our executive team,”
said R. Jordan Gates, President and Chief Operating Officer (and
currently acting CFO). "Expeditors has had a
relatively low turnover throughout the years, particularly within our
executive ranks. There have only been two CFO’s
in the company’s nearly 30 year history and,
accordingly, we thought long and hard before making the decision to fill
this position externally. We are also known, however, as a company that ‘hires
for attitude and trains for skill’ when that ‘right
person’ presents themselves. That ‘right
person’ is one who has demonstrated, through
past achievements, that they possess the experience and attitude of
someone who can be readily trained in the industry-specific skills they’ll
need to excel and make a contribution at Expeditors. We think Brad has
all of those qualities that make him that ‘right
person’ to become our CFO. Brad will start
with us on October 1st and his first priority
will be to spend sufficient time training in both our operations and in
our financial departments, at a ‘hands-on
desk level’ to enable him to thoroughly
understand both the importance of our business practices and the value
of our culture. We’re confident he’ll
be a great CFO and we look forward to his contributions,”
concluded Mr. Gates.
Expeditors is a global logistics company headquartered in Seattle,
Washington. The company employs trained professionals in 180
full-service offices, 69 satellite locations and 4 international service
centers located on six continents linked into a seamless worldwide
network through an integrated information management system. Services
include air and ocean freight forwarding, vendor consolidation, customs
clearance, marine insurance, distribution and other value added
international logistics services.
Forward-Looking Statements
This document contains a forward-looking statement which is based on
certain assumptions and expectations of future events that are subject
to risks and uncertainties. Actual future results and trends may differ
materially from historical results or those projected in the forward
looking statement depending on a variety of factors including but not
limited to changes in customer demand for Expeditors’
services caused by a general economic slow-down, inventory build-up,
decreased consumer confidence, volatility in equity markets, or the
unpredictable acts of competitors.