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| 8-K - Clark Holdings Inc. | v204637_8k.htm |
TRENTON,
N.J., December 3, 2010 -- Clark Holdings Inc. ("Clark") (NYSE AMEX: GLA; GLA.U; GLA.WS), a non-asset-based
provider of mission-critical supply chain solutions, today announced the
appointment of consulting
firm AlixPartners, LLP
(“AlixPartners”) as strategic advisors.
Heading the AlixPartners team at
Clark is Paul Svindland, a Managing Director
of AlixPartners. Mr. Svindland has served in numerous
interim-management positions within the transportation sector. He
will have overall responsibility for overseeing the AlixPartners’ team, and he himself will begin working at Clark effective December
1st.
AlixPartners’ Director Christian Cook will serve as interim President and Chief Operating
Officer of Clark Holdings,
Inc. Mr. Cook has
served in numerous
interim-management positions in his career with a focus on achieving operational
excellence and will begin working full time at Clark effective December 15. In
addition, Rick Tullio, also a member of the AlixPartners team, will take the
newly created position of
Executive Vice President of Transportation and will report directly to Mr.
Cook. In this role, he will have responsibility for overseeing and
optimizing Clark’s substantial purchased-transportation
needs company wide.
Mr. Tullio was previously a Managing Director
at ICG Commerce Inc. and a Senior Manager in the supply-chain strategy practice
at Accenture PLC.
Mr. Cook, who will be based in Trenton, will be responsible for driving operational
efficiency at Clark's operating subsidiary, Clark Group Inc.
("Clark Group"). Mr. Cook takes over for Larry Hughes,
who served on an interim basis, to focus on cost reduction
opportunities. “The AlixPartners team has extensive
expertise in the transportation area, and we are excited about adding proven
transportation expertise to our team.” said Gregory Burns, Chief Executive Officer of
Clark Holdings, Inc.
About Clark
Over its 30-year history, Clark has built a position as the leading
independent provider of value-added distribution, transportation management, and
international air and ocean freight forwarding services to the print media and
other industries.
About
AlixPartners
AlixPartners
LLP is a global business-advisory firm offering comprehensive services in four
major areas: enterprise improvement, turnaround and restructuring,
financial-advisory services and information-management services. The firm has
more than 900 professionals and 15 offices around the world, and can be found on
the Web at www.alixpartners.com.
This press release
may contain certain forward-looking statements including statements with regard
to the future performance of Clark. These
forward-looking statements inherently involve certain risks and uncertainties
that are detailed in Clark's filings with the
Securities and Exchange Commission. Clark undertakes no obligation to
publicly update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise.