Knight-Swift Transportation Announces CEO Transition and New CFO

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PHOENIX ~ Phoenix, AZ - Knight-Swift Transportation Holdings, Inc. (NYSE: KNX) has announced the promotion of Adam Miller to Chief Executive Officer and Andrew Hess to Chief Financial Officer. The company, one of the largest and most diversified freight transportation companies, made the announcement on Tuesday.

Miller, who previously served as the Company's Chief Financial Officer and President of Swift Transportation, brings 22 years of experience with Knight-Swift to his new role. During his tenure, he played a key role in establishing Knight Refrigerated as a major player in its market and successfully integrating Swift after the merger. He also oversaw the company's capital structure and financial performance.

Executive Chairman Kevin P. Knight praised Miller's experience and leadership qualities, stating that he is "well-prepared and ready to lead as CEO." He also highlighted Miller's humble yet confident personality and inclusive leadership style, which have earned him respect both inside and outside of the organization.

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In addition to Miller's promotion, Andrew Hess has been promoted to Chief Financial Officer. Hess has been with Knight-Swift for five years and most recently served as Senior Vice President of M&A and Senior Vice President of Finance for Swift Transportation. He played a critical role in completing several acquisitions for the company, including AAA Cooper, MME, and U.S. Xpress.

Knight expressed confidence in Hess' abilities as CFO, stating that he understands the company's enterprise well and has a deep understanding of its revenue and cost drivers. His previous experience at Honeywell also provided him with a wide range of financial and capital allocation experiences.

Both Miller and Hess are excited about their new roles at Knight-Swift. Miller stated that it is an honor to be asked to lead the company and believes they have "the best team of driving and non-driving associates in the business." Together with Hess and the rest of the team, they will focus on expanding their LTL footprint, improving consolidated margins, and generating free cash flow and stockholder returns.

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The changes in leadership come as David Jackson steps down as Chief Executive Officer and a member of the board of directors. Jackson has been with Knight-Swift for nearly 24 years and has served as CEO for the past nine years. Knight expressed gratitude for Jackson's service, stating that his tenure has been "transformational for the Company and rewarding for our stockholders."

Jackson also shared his thoughts on the transition, stating that it is time for the next generation to take over and that Miller and Hess are ready for the challenge. He will continue to support the company and looks forward to his next chapter.

Knight-Swift is confident in its new leadership team and is grateful for Jackson's contributions to the company. They believe that Miller and Hess will continue to drive success and growth for Knight-Swift in the future.
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