Loading
TAMPA — Quality Distribution Inc. announced in a filing with the Securities and Exchange Commission that Stephen R. Attwood, the firm's president and COO, plans to retire April 30. The company (symbol: QLTY, recent price: $7.86) has no plans to fill his positions at this time.
In July 2008, Attwood joined Quality Distribution as senior vice president and chief financial officer. He was named president and COO of the company in August 2010.
“Steve has contributed as much to the success of this company as anyone, and I am very grateful he came out of retirement in 2008 to help engineer a turnaround in our business model,” says CEO Gary Enzor, in a company statement.
Thomas N. Flessor will succeed Attwood in managing the company's energy logistics business as president of QC Energy Resources (QCER), a wholly owned subsidiary of the firm. The former president of QCER, Mark Bitting, will now be the executive vice president of sales and marketing for the subsidiary.
Attwood is entitled to approximately $45,000 for his annual bonus, $275,000, equivalent to a year's salary, paid during the company's normal payroll period over 52 weeks and health coverage for 52 weeks, according to the SEC filing. He can also exercise vested options through Feb. 4, 2014.
Prior to joining Quality Distribution, Attwood worked for Swift Transportation Co. as controller and vice president.
Tampa-based Quality Distribution operates the largest dedicated bulk tank truck network in North America.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
