Landstar Appoints George P. Scanlon To Board

5/24/17

George P. Scanlon

JACKSONVILLE, Fla., May 23, 2017 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ:LSTR), a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services, announced the addition of George P. Scanlon to its Board of Directors. Earlier today, the company’s stockholders elected Mr. Scanlon to the Landstar System, Inc. Board of Directors at the company’s 2017 Annual Meeting of Stockholders.

Mr. Scanlon, 59, served from 2010 to 2013 as Chief Executive Officer of Fidelity National Financial, Inc., the nation’s largest title insurance company and a leading provider of technology and transaction services to the real estate and mortgage industries. Prior to that, he served as the Chief Financial Officer at Fidelity National Information Services, BFC Financial Corporation (now known as BBX Capital Corporation), Levitt Corporation and DataCore Software Corporation. Earlier in his career, he also worked for 18 years in various financial and strategic roles for Ryder System, Inc., a publicly traded transportation and supply chain management solutions company.

“Landstar is pleased to have George join our Board of Directors,” said Landstar President and Chief Executive Officer Jim Gattoni. “His strong financial and strategic background, paired with his experience within the trucking and supply chain industries, will be valuable assets to Landstar and its future. Our other board members and I look forward to working with him.”

Mr. Scanlon also has been appointed to serve on the audit, compensation, nominating and corporate governance, safety and risk, and strategic planning committees of the Board.

Mr. Scanlon replaces Michael A. Henning on the Landstar Board of Directors, following Mr. Henning’s previously announced retirement from the Board today upon the completion of his most recent three-year term.

Landstar System, Inc.’s Chairman of the Board Diana M. Murphy commented, “The Board is grateful for Mike’s many years of leadership during his service on the Board from 2007 to 2017 and, in particular, as chairman of the audit committee from 2013 to 2017. We thank Mike for his guidance and service to Landstar, and his support of the Board’s succession planning efforts to ensure a smooth transition to our newest director. We wish Mike all the best and look forward to George’s contributions to the Board.”

About Landstar: Landstar System, Inc. is a worldwide, asset-light provider of integrated transportation management solutions delivering safe, specialized transportation services to a broad range of customers utilizing a network of agents, third-party capacity providers and employees. All Landstar transportation services companies are certified to ISO 9001:2008 quality management system standards and RC14001:2013 environmental, health, safety and security management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. Its common stock trades on The NASDAQ Stock Market® under the symbol LSTR.

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