Werner recommended to the board that Leathers be named chairman when his term ends next year. Beginning of a New Chapter as Werner Founder CL Werner Transitions Mr. Werner owns over 48 units of Werner Enterprises stock worth over $371 and over the last 19 years he sold WERN stock worth over $600,746,837. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Such forward-looking statements are based on information presently available to Werners management and are current only as of the date made. Increased driver satisfaction and retention. Need to talk to an agent? In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. Gloria Werner's hard work a big part of trucking company's success. Leathers added C.L. Thats likely attributable to C.L. An official website of the United States government. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. So how are third-party logistics providers adapting to meet these challenges? P.O. FTC penalizes founder of Omaha trucking firm Werner Enterprises - WOWT Opportunities Werner Enterprises Stock Ownership - WallStreetZen Clarence L Werner Net Worth (2023) - GuruFocus.com A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. He has been a Company director since that time and also served as President until 1984. He served as Chairman Emeritus from May 2011 until August 2015, at which time he was elected as Chairman and assumed the responsibility of Chief Executive Officer. would tell you it took decades to start gaining any real momentum and really start to see growth and a larger footprint.. She was very interested in her local community and what was going on and how she could be a good citizen.. Gloria Werner's hard work a big part of trucking company's success Werner has always remained connected to its roots, Leathers said. In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. [3], In 1956, Clarence "CL" Werner sold his family vehicle for a Ford Motor Company gasoline-powered truck, and began hauling cargo for other companies. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated; medium-to-long-haul, regional and expedited van; and temperature-controlled. Werners inaugural Corporate Social Responsibility Report is a culmination of the work weve been doing to carefully and strategically hone Werners commitment to ESG. As a person, when I think of him the word that comes to mind is hes humble.. Clarence L. Werner is the founder and longtime executive of Werner Enterprises Inc. (WEI), a publicly-traded truckload carrier company. PDF DEPARTMENT OF JUSTICE Antitrust Division Columbia in United States of Over the years, Werner Enterprises was steadily growing and is having now (2011) 7'300 Trucks (Tractors), 25'000 Trailers and 13'000 employees, Werner Ent. googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); C.L. OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. Clarence has made over 16 trades of the Werner Enterprises stock since 2004, according to the Form 4 filled with the SEC. The legacy hes built is founded on integrity, doing things the right way, putting the customer at the forefront of what we do and always having respect for the role and importance of the professional drivers.. Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino Act. Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. Werner Enterprises, Inc. founder Clarence L. Werner agreed to a $486,900 civil penalty to settle claims that he violated the HSR Act by acquiring Werner Enterprises stock in a series of open market purchases without filing under the HSR Act and observing the required waiting period. Secure .gov websites use HTTPS To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. He served as our Chief Executive Officer (CEO) from 1984 until February 2007, and he was Chairman from 1984 until May 2011. Contact Ive been here 21 years and yet I bring the average tenure of the executive team down, Leathers said, noting that it is not uncommon for people to remain with the company for 25 years or longer. Provide better on-time service to customers and less downtime. E-mail: invrelations@werner.com, Equiniti Trust Company Benefits of latest machine technology to improve fuel efficiency. In connection with this transition, the board of directors appointed Derek Leathers, the current Chief Executive Officer and President of the Company, as a member and Vice Chairman of the board of directors effective May 31, 2020. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. he and his log dept deviced the evil scheme that has been getting worse ever since. Werner Enterprises Trucks & Trailers - Trainmaster They married and settled in Council Bluffs, where they founded Werner Enterprises. The Clarence L. Werner Revocable Trust is also expected to grant the underwriter of the offering a 30-day option to purchase up to an additional 1,284,593 shares of common stock. After 20 + years driving, I am about to leave the professional driving slavery. Contact: Fred Thayer, Associate Vice President- Corporate Brand and CommunicationsWerner Enterprises, Inc.402.895.6640 ext. Werner stepped down from his role as executive chairman effective May 31, but will continue as. But the Werner family showed an indomitable spirit and battled the crises. [1] In 1964, CL moved his company out of his home and into a shop in Council Bluffs, Iowa. Memo from Chair Lina M. Khan to commission staff and commissioners regarding the vision and priorities for the FTC. Mr. Werner is the father of Gregory L. Werner. Brokerage Standard Terms & Conditions Logistics Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. To find out how we are doing this, click here, 1444 Blairs Bridge Rd Lithia Springs, GA 30122 Local: (770) 739-3600 Toll Free: (800) 828-7556, 2215 Newlins Mill RoadEaston, PA 18045Toll Free: (800) 423-8296, 8701 Peterbilt Ave Dallas, TX 75241 Local: (972) 224-5353 Toll Free: (800) 433-5655, 9239 Hwy 85 Henderson, CO 80640 Local: (303) 286-0242 Toll Free: (800) 338-6177, 10251 Calabash Ave Fontana, CA 92335 Local: (909) 823-4995 Toll Free: (800) 255-2194, 13000 Gateway East Blvd Clint, TX 79836 Local: (915) 872-1279 Toll Free: (866) 262-9670, 879 Northwest Bell St.Lake City, FL 32055Local: 386-401-7124, 742 S Combee RdLakeland, FL 33801Local: (863) 666-3160, 1201 Carrier DrLaredo, TX 78045Local: (956) 717-0996, 4801 W Magnolia Phoenix, AZ85043 Local: (602) 455-3060 Toll Free: (800)-522-2668, 4395 Laybourne Rd Springfield, OH 45505 Local: (937) 325-5403 Toll Free: (800) 227-6640, 18673 Dix-ToledoBrownstown, MI 48193Local: (734) 282-3954, 14507 Frontier RdOmaha, NE 68138Local: (402) 895-6640Toll Free: (800) 228-2240, 1738 Terminal Ct.Joliet, IL 60436Local: (815) 733-4100, 2800 S Service RdWest Memphis, AR 72301Phone: 1-800-346-4861. Clarence Werner Net Worth (2023) | wallmine Phone: 1-800-468-9716. FTC Rings in the New Year with HSR Enforcement and - Proskauer At that time, the company expects he will become Chairman Emeritus. The estimated net worth of Clarence L Werner is at least $142,619 dollars as of 2023-03-09. Transportation and logistics provider Werner Enterprises' ( NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L "CL" Werner stepped down from the executive chair seat on May 31. The company offers a diversified portfolio of transportation and logistics services to companies around the globe, including: In addition, Werner offers an alliance carrier network of more than 26,000 carriers and ocean, air and rail providers. He has been a Company director since that time and also served as President until 1984. In connection with this transition, the board of directors appointed Derek Leathers, the current Chief Executive Officer and President of the Company, as a member and Vice Chairman of the board of directors effective May 31, 2020. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. For those reasons, undue reliance should not be placed on any forward-looking statement. Shareowner Services This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements about the proposed offering and the expected transition of the role of Chairman of the board of directors, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. St. Paul, MN 55164-0854 Beginning of a New Chapter as Werner Founder CL Werner Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. On average, Werner Enterprises executives and independent directors trade stock every 34 days with the average trade being worth of $4,532,231. He operated Werner Enterprises as a sole proprietorship from 1956 until its incorporation in September 1982. Omaha, NE 68145 OMAHA, Neb., June 03, 2020 (GLOBE NEWSWIRE) - Werner Enterprises, Inc. (Nasdaq: WERN) today announced the pricing of an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which our founder Clarence L. Werner is the grantor and sole trustee, at a public offering price of $41.00 per share. In connection with CL Werners transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. Werner Enterprises, Inc.s common stock trades on the Nasdaq Global Select MarketSMunder the symbol WERN. Werner was fortunate to have people around him who shared in his vision and remained loyal to the company including many who spent their careers there. Clarence L. Werner, U.S. v. | Federal Trade Commission Hes very philanthropic, Leathers said. googletag.enableServices(); United States v. Clarence L. Werner; Proposed Final Judgment and Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. Looking for legal documents or records? She was 79. In connection with CL Werner's transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. She was 79. Gloria Werner was always known as creative and tenacious. She met Clarence Werner at the wedding of her brother and his sister, and a long distance courtship ensued. Today, the Federal Trade Commission announced that Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino (HSR) Act. Leathers on May 31 was named a member and vice chairman of the board by the board of directors, and C.L. Any such updates or revisions may be made by filing reports with the U.S. Securities and Exchange Commission, through the issuance of press releases or by other methods of public disclosure. The statue, funded by Buffett, is the first of Gibson in his hometown and .
How To Stop Viber Messages From Popping Up,
Greenfield Middle School Principal,
Pua Monetary Redetermination Letter,
Rockford Files Guest Stars,
Techniques To Give Positive Feedback And Constructive Criticism,
Articles C