Exhibit 99.2
CNF
3240 HILLVIEW AVENUE
PALO ALTO, CA 94304-1297
(650) 494-2900
NEWS RELEASE
Contacts:
Investors - Patrick Fossenier
(650) 813-5353
Media - James Allen
(650) 813-5335
Jamie Fenimore
(650) 813-5358
CNF NAMES NEW EXECUTIVES
PALO ALTO, California - June 6, 2005 -- CNF Inc. (NYSE:CNF) announced
today the naming of two new senior vice presidents and three new vice
presidents as part of an organizational alignment that focuses the company on
operational excellence. Leadership changes at Con-Way, the company's regional
less-than-truckload motor carrier, were also announced.
Douglas W. Stotlar, president and chief executive officer, said in
making the personnel announcements that CNF was moving from its traditional
holding company model to an operating organization.
"It's important that our strategic direction be focused on providing our
customers with great service and innovative products in freight
transportation, logistics and supply chain management," Stotlar said. "This
organizational change will allow us to do that by eliminating duplication,
leveraging existing company resources and focusing every employee directly on
the customer."
David S. McClimon, 49, was named senior vice president of CNF and the
president of Con-Way. In his new position, McClimon will have management
responsibility for Con-Way's three regional, less-than-truckload motor
carriers, Con-Way Central Express, Con-Way Western Express and Con-Way
Southern Express. McClimon joined Con-Way Central Express as one of its first
employees in 1983 as an account manager in Cincinnati and has more than 25
years of experience in transportation. He was most recently president of that
company. McClimon is a graduate of Miami University in Oxford, Ohio and will
work from Con-Way's headquarters in Ann Arbor, Mich.
In another Con-Way appointment, David L. Miller, 49, was named president
of Con-Way Central Express, succeeding McClimon. As president, Miller will
have management responsibility for the company's largest trucking unit, which
provides LTL services in 25 states in the Midwest and East, as well as nine
Canadian provinces through Con-Way Canada Express. A 30-year veteran of the
trucking industry, Miller most recently was president of Con-Way Southern
Express in Fort Worth, Texas. A native of Cincinnati, Ohio, he attended the
University of Cincinnati and will be based in Ann Arbor, Mich.
Also, James P. Worthington, 52, was named president of Con-Way Southern
Express, succeeding Miller. Worthington will have management responsibility
for the LTL carrier, which has 102 service centers directly serving more than
25,000 cities in the southern United States and Puerto Rico. He joined Con-
Way in 1987 as a member of the Con-Way Southern Express start-up team,
working as the service center manager in Macon, Ga. A 20-year veteran of the
transportation industry, Worthington earned a bachelor's degree and Juris
Doctorate from the University of Georgia.
Being promoted to CNF senior vice president of sales and marketing is
Bryan Millican, 55. In his new CNF position, he will have overall
responsibility for sales performance, strategic sales planning and training,
branding, marketing, public relations, and communications. Millican joined
the company in 1983 as general sales manager for Con-Way Central Express,
being named executive president of sales and marketing for Con-Way in 1997.
He will be based at Con-Way headquarters in Ann Arbor, Mich. He is a graduate
of the University of Waterloo in Ontario, Canada and holds an MBA from the
University of Western Ontario.
Robert Bianco, 40, has been named a CNF vice president and president of
Menlo Worldwide, the company's third-party logistics and supply chain
services company. As president, Bianco will be responsible for Menlo's United
States and international logistics activities in the automotive, consumer
products, technology, manufacturing, food and beverage, chemical, and retrial
industries. He previously served as president of Menlo Logistics. He joined
the CNF organization in 1989 as a management trainee and joined Menlo in 1992
as a logistics manager. He will be based at Menlo's headquarters in Redwood
City, Calif. He is a graduate of the University of California at Santa
Barbara and earned a master's degree from the University of San Francisco.
John G. Labrie, 38, has been named a CNF vice president and president of
Con-Way Supply Chain Solutions. In his new position Labrie will have
management responsibility for Con-Way Truckload, Con-Way Truckload Brokerage,
Con-Way NOW expedited delivery and Con-Way Air Express. Additionally, Labrie
will be responsible for the company's global expansion strategy, trailer
manufacturing and purchasing. He most recently was executive vice president
of operations for Con-Way and previously served as president of Con-Way
Western Express. He joined the Con-Way organization in 1990 as an account
manager. He is based at Con-Way's headquarters in Ann Arbor, Mich. and earned
a bachelor's degree in finance from Central Michigan University. He holds an
MBA from Indiana Wesleyan University.
Julia P. "Pat" Jannausch, 50, has been named CNF vice president of
culture and training with responsibility for management of the company's
culture development initiatives, training and a new company-wide leadership
development program. She most recently was vice president of human resources
for Con-Way, which she first joined in 1983 as an account manager. She is
based in Ann Arbor, Mich. and earned a bachelor's degree and master's degree
from Rhode Island College.
"Each of these managers is a career employee of our organization who has
collectively worked in virtually every skill within the company," said
Stotlar. "I look forward to working with each of them as we progress on our
goal of total focus on growth, providing the very best service for customers
and bringing more value to our company for shareholders."
CNF is a $4.0 billion freight transportation, logistics and supply chain
services company with businesses in LTL motor carriage, truckload carriage,
air freight and ocean forwarding, logistics, supply chain services,
warehousing and trailer manufacturing.
Photos available on request.
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