JACKSONVILLE, Fla. (Nov. 15, 2015) – The Suddath Companies announced today that chief financial officer, Jim Barnett, will retire in January 2016, after 41 years of dedicated service. Barnett joined Suddath® in 1974 and assumed the CFO position in 2002. Kevin Gannon, chief financial officer for the Suddath operating companies, will assume the role for the parent company following Barnett’s transition.
“It has been my pleasure working with Jim for the past three years and I can see firsthand his policies and prudence have helped get us to where we are today, said Michael J. Brannigan, president and chief executive officer. “Jim’s fiscal leadership and vision contributed significantly to our company as he leaves a legacy of financial size and strength unmatched in our industry.”
“I cannot stress enough what it has meant to me, our board of directors, our family and our company knowing Jim has been managing our financial decisions for the past 13 years as CFO,” explains Steve Suddath, chairman of the board. “Through his uncompromising integrity, insightful nature and no-nonsense style, we have always been able to rely on Jim as an implicitly trusted resource during our years of most significant expansion and diversification.”
In the four decades of his financial tenure, Suddath has gone from a seven-location moving and storage company to a $500 million global transportation, logistics and relocation management enterprise with more than 30 locations worldwide.
“I am very proud of what we’ve accomplished as a team here at Suddath and thankful that I’ve been able to spend my career working alongside some of the finest leaders in our industry,” said Jim Barnett, retiring CFO of Suddath. “I look forward to staying on to help ensure a seamless transition of my CFO responsibilities as the company continues to grow and expand.”
Barnett’s retirement and Gannon’s appointment will be effective January 1, 2016. Barnett will remain with The Suddath Companies in a consulting role including a continued role on the board of directors.