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Forward Air Corporation Announces Election of Three New Independent Directors to Board of Directors

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) today announced the election of Thomas S. Albrecht, Ana B. Amicarella and Javier A. Palomarez as non-management directors of its Board of Directors (the “Board”) with terms commencing July 24, 2017. On July 11, 2017, Douglas M. Madden informed the Board that he will step down as a Director of the Company, effective July 26, 2017. Mr. Madden’s decision to step down was not the result of any disagreement on any matter relating to the Company’s operations, policies or practices. Following Mr. Madden’s departure, the Company’s Board will consist of nine members, eight of whom are non-management directors.

Mr. Albrecht is the Founder and President of Sword & Sea Transport Advisors LLC, a transportation industry consulting firm. Prior to founding Sword & Sea, he served as Managing Director of BB&T Capital Markets from July 2009 until July 2016. He has been in the transportation research arena since 1988, and in addition to BB&T, he has worked for Stephens Inc., ABN AMRO and A.G. Edwards & Sons. Mr. Albrecht holds a B.S. in business administration with a finance major from the University of Central Missouri.

Ms. Amicarella is Managing Director for Aggreko PLC, a power generation solutions company. Prior to joining Aggreko in March 2011, she was general manager of GE Oil & Gas Services for North America. Ms...