Gerald Detter Replaces Thomas Finkbiner at Quality Distribution
uality Distribution Inc. said its chairman and chief executive officer, Thomas Finkbiner, resigned and will be replaced by Gerald Detter, former CEO of Con-Way Transportation Services, effective Monday.
Detter had retired in December when Douglas Stotlar became CEO of Con-Way, a less-than-truckload carrier. Detter had since then been an adviser at CNF Inc., Con-Way's parent company. (Click here for previous coverage.)
Stotlar was subsequently promoted to chief executive officer at CNF in late April.
Quality Distribution lost $10.7 million or 57 cents a share last year, following a $71 million loss or $12.51 a share in 2003.
Quality is ranked No. 33 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.