Allied Holdings names Hugh Sawyer President of Allied Automotive Group
22 December 1999
Allied Holdings names Hugh Sawyer President of Allied Automotive GroupDECATUR, Ga., Dec. 21 -- Allied Holdings, Inc. , parent company of the world's largest automotive distribution and logistics network, named Hugh E. Sawyer president of its Allied Automotive Group, Inc. unit, effective Jan. 1, 2000. Sawyer, 45, is president and chief executive officer of the National Linen Service subsidiary of National Services Industries Inc., Atlanta. He succeeds Joseph Collier, who was appointed to the newly created position of executive vice president for planning and development at Allied Holdings. "The naming of Hugh Sawyer further strengthens and broadens our management team," said A. Mitchell Poole Jr., vice-chairman and CEO of Allied Holdings. "This is the next step in the strategic reorganization of Allied Holdings announced Nov. 29, which will position the Company to fulfill its mission to be the leading supplier of value-added automotive distribution and logistic services in North America and worldwide." Randall E. West, recently appointed president and chief operating officer of Allied Holdings, said: "Our first priority is to address unsatisfactory financial results. Hugh brings the management skills and direct experience in transportation and distribution that will be required to respond to the changing automotive marketplace by cutting costs, increasing efficiencies and adding value for our customers and shareholders." Before joining National Linen Service as president in 1996, Sawyer held senior management and executive positions at a number of corporations, including McLean Trucking Co. and the Wells Fargo Armored Service Corp. subsidiary of Borg-Warner Corp. Sawyer said, "I see tremendous opportunity for Allied Automotive Group and look forward to working with everyone there to ensure its continued leadership in the car-hauling business and to strengthen its position as a provider of value-added services to its customers." Allied Holdings is the parent of several subsidiaries that comprise the world's largest automotive distribution and logistics network. Allied Automotive Group Inc. is the largest motor carrier in North America specializing in the delivery of automobiles and light trucks. Allied Automotive transports for all major domestic and foreign manufacturers primarily from manufacturing plants, rail ramps, ports and auctions to automobile dealers throughout the United States and Canada. In 1998, Allied Automotive delivered 11.7 million vehicles. Axis Group Inc. provides distribution and logistics services to automobile manufacturers in the United States and overseas. Axis employs innovative distribution methods to help its customers solve complex transportation, inventory and logistics problems. Statements in this press release that are not strictly historical are "forward-looking" statements. Investors are cautioned that such statements are subject to certain risks and uncertainties that could cause actual results to differ materially. Without limitation, these risks and uncertainties include economic recessions or downturns in new vehicle production or sales, the highly competitive nature of the automotive distribution industry, dependence on the automotive industry, labor disputes involving the Company or its significant customers, the dependence on key personnel who have been hired or retained by the Company, the availability of strategic acquisitions or joint-venture partners, changes in regulatory requirements which are applicable to the Company's business, risks associated with conducting business in foreign countries, changes in vehicle sizes and weights which may impact vehicle deliveries per load, the ability to increase rates charged to customers, and problems related to information technology systems and computations that must be made by the Company or its customers and vendors in 1999, 2000 or beyond. Investors are urged to carefully review and consider various disclosures made by the Company in this press release and the Company's reports filed with the Securities and Exchange Commission.