Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
CHATTANOOGA, Tenn., Feb. 18, 2016 -- Covenant Transportation Group, Inc. (“CTG”) (NASDAQ:CVTI) today announced the appointment of Joey B. Hogan as President of CTG. Mr. Hogan previously served as Senior Executive Vice President of CTG and President of CTG’s Covenant Transport subsidiary. David R. Parker continues to serve as Chairman of the Board and Chief Executive Officer of CTG.
David R. Parker commented; “Joey has provided significant strategic, financial and operational leadership in his various roles in the organization for over 18 years. This included leadership of the planning and execution of business model changes across the organization that have developed into meaningful profit improvement since 2011 when we completed our first strategic plan. Joey’s focus areas will include, among other things, strategic planning and execution, talent management, safety initiatives, enterprise-wide operational efficiency, and culture management. Sam Hough, Executive Vice President and Chief Operating Officer of Covenant Transport, will assume the primary day-to-day leadership role of the Covenant Transport subsidiary that focuses on the team expedited freight market. I continue to be excited about the further development of CTG and each of our operating units in the hands of our capable leaders.”
Covenant Transportation Group, Inc. is the holding company for several transportation providers that offer premium transportation services for customers throughout the United States. The consolidated group includes operations from Covenant Transport and Covenant Transport Solutions of Chattanooga, Tennessee; Southern Refrigerated Transport of Texarkana, Arkansas; and Star Transportation of Nashville, Tennessee. In addition, Transport Enterprise Leasing, of Chattanooga, Tennessee is an integral affiliated company providing revenue equipment sales and leasing services to the trucking industry. The Company's Class A common stock is traded on the NASDAQ Global Select under the symbol, “CVTI”.
For further information contact: Richard B. Cribbs, Senior Vice President and Chief Financial Officer (423) 463-3331 [email protected] For copies of Company information contact: Kim Perry, Administrative Assistant (423) 463-3357 [email protected]
