ArcBest appoints Thom Albrecht to board, Spinner to retire

ArcBest (NASDAQ: ARCB) announced the appointment of Thom Albrecht as an independent director to its board of directors, effective immediately. The logistics company also said Steven L. Spinner will retire from the board on October 31, 2025, after 14 years of service.

Albrecht brings over 35 years of transportation and logistics experience to the board and will serve on the Audit Committee. He currently serves as Chief Revenue Officer at Reliance Partners, a commercial insurance agency specializing in transportation and logistics, where he previously held the CFO role. Albrecht also held executive positions at Celadon Group, including CFO and Chief Commercial Officer, and spent 28 years on Wall Street specializing in the transportation sector.

"His extensive experience in finance, capital allocation, business strategy and insurance – viewed through the lens of our complex industry – adds meaningful perspective to our board as we continue to execute on our long-term strategy," said Judy R. McReynolds, ArcBest chairman and CEO.

Spinner joined the ArcBest board in 2011 and served as Lead Independent Director for nine years and as a member of the Audit Committee. During his tenure, he helped guide the company through its transformation from a less-than-truckload company into an integrated logistics company and oversaw multiple acquisitions.

The changes are part of ArcBest's regular assessment of board composition and balance of skills. The company said additional updates are expected in the coming months as the review process continues.

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