Forward Air CIO resigns

Core Insights - Forward Air's Chief Information Officer Joseph Tomasello resigned on October 13, with the notice filed on October 10 [1] - Jason Ringgenberg has been appointed as the interim CIO, bringing extensive experience in information technology and the transportation industry [2] - The executive changes are part of a broader operational revamp following challenges from the 2024 acquisition of Omni Logistics, which resulted in a nearly $1 billion net loss [4] Company Background - Prior to joining Forward Air, Tomasello had over eight years of experience at FedEx in various leadership roles [2] - Ringgenberg previously served as CIO for Yellow Corp and has a long tenure at Accenture, focusing on the freight and logistics sector [3] Strategic Developments - Forward Air is exploring options for its future, including a potential sale or merger, while emphasizing that these considerations will not affect the fundamentals of the newly merged company [5] - The company announced plans to reincorporate in Delaware to maximize shareholder value [5] - Omni Logistics is expanding its operations to include an automotive replenishment service in collaboration with a global automaker [4]