Landstar Appoints Gerkens Chief Operating Officer, LaRose Named Chief Financial Officer

Tags: Press Releases

December 7, 2001 Jacksonville, FL - Landstar System, Inc. (NASDAQ: LSTR), a safety-first transportation and information services company, announced today that the Company's Board of Directors has named Landstar President Henry Gerkens Chief Operating Officer and Landstar Vice President and Secretary Bob LaRose Chief Financial Officer. As President and Chief Operating Officer, Gerkens will concentrate his focus on managing the daily operations of the company and its subsidiaries, while LaRose will safeguard the company's assets and manage its entire financial and administrative operation.

"I've had the privilege of working with Henry and Bob since the company's inception and take great pride in making this announcement," said Landstar Chairman of the Board and Chief Executive Officer Jeff Crowe. "They have earned these promotions through years of hard work and dedication to implementing a unique business model and a safety-first approach to transportation services." "Bob's promotion is extremely well deserved," said Gerkens. "Throughout his tenure with Landstar, he has demonstrated excellent financial leadership. These added responsibilities enable him to play a more significant role in our continued efforts to deliver strong growth opportunities to our small business owners, safe, reliable transportation services to our customers, and outstanding returns to our shareholders."

Gerkens joined Landstar in 1988 as Vice President and CFO. He currently oversees operations of the Landstar Carrier Group - Landstar Gemini, Landstar Inway, Landstar Ligon and Landstar Ranger - as well as the company's Multimodal Group - Landstar Express America and Landstar Logistics. He began his career in finance in 1972 with Price Waterhouse.

Gerkens is a Certified Public Accountant and a graduate of Adelphi University in Garden City, Long Island. He is currently a member of the New York State Society of CPAs and the American Institute of CPAs. He lives in Ponte Vedra Beach, Florida with his wife Marcia and their three children.

LaRose began his career in finance in 1977 at Arthur Anderson and Company. He joined Landstar in 1989 as Vice President of Finance and Controller and was promoted to Secretary in 2001. LaRose earned his Bachelor of Science degree in Accounting at New York University and is a Certified Public Accountant. He lives in Ponte Vedra Beach, Florida with his wife Kathy and their two children.

Landstar System, Inc. is headquartered in Jacksonville, Florida. The Landstar carrier group, comprised of Landstar Gemini, Inc., Landstar Inway, Inc., Landstar Ligon, Inc. and Landstar Ranger, Inc., delivers excellence in complete over-the-road transportation services. The Landstar multimodal group, comprised of Landstar Express America, Inc. and Landstar Logistics, Inc., delivers excellence in expedited, contract logistics and intermodal transportation services. All Landstar operating companies are certified to ISO 9001:2000 quality management system standards. Landstar System, Inc.'s common stock trades on The NASDAQ Stock MarketĀ® under the symbol LSTR.