Blog Posts Saddle Creek Announces CEO Succession Plan
Company’s current CFO to assume transitional role as COO
Saddle Creek Logistics Services has announced the company’s CEO succession plan. Mark Cabrera, Saddle Creek’s current senior vice president and Chief Financial Officer (CFO), will take on the role of Chief Operating Officer (COO) in anticipation of succeeding current CEO Cliff Otto upon his retirement.
Cabrera will assume the COO role July 1, 2017, and the role of CEO within two years.
Cabrera, who joined Saddle Creek in 2001, currently serves as chief strategy officer for the company and oversees all finance and human resource functions. Previously, Cabrera spent 15 years in financial roles in a variety of industries for companies including Arthur Andersen LLP, GTE Financial, National Insurance Services and Reeves Steel, Inc. Cabrera is a member of the International Warehouse Logistics Association Insurance Company (IWLAIC) executive committee and serves on the board of Volunteers in Service to the Elderly (VISTE) in Lakeland, FL.
“Mark is the ideal candidate to lead Saddle Creek. He understands our business inside and out and passionately supports our commitment to service excellence,” said Scott Thornton, Saddle Creek chairman. “He is well-positioned to build on the solid foundation we’ve established over the past 50 years and continue to grow the business strategically.”
Otto joined Saddle Creek in 2001, became president in 2007 and CEO in 2013. Under his tenure, the company has increased its service offerings, expanded into new markets and industries, and experienced revenue growth each year.
“Saddle Creek has thrived under Cliff’s strategic guidance over the past 16 years, and we are extremely grateful for his leadership,” said Thornton. “True to form, he has made it a priority to provide a seamless transition and ensure customer satisfaction even as he moves toward retirement.”