USA Truck of Van Buren announced Thursday the appointment of James D. Reed as CFO, effective Nov. 1.
Reed joins USA Truck from Interstate Distributor Company, a Tacoma, Washington-based trucking company that serves markets in the U.S. and Western Canada, where he was CFO of Interstate (an asset-based trucking business) and president of its subsidiary, Interstate Distributor Logistics. Reed joined Interstate in 2012.
“We are delighted to have James join our team. We expect his unique blend of experience in trucking, logistics, finance and business development to be of great assistance in accelerating our execution of the various initiatives underway that will enhance USA Truck’s operations and financial results,” USA Truck President and CEO Randy Rogers said in a news release.
Reed joins the firm five months after USA Truck’s previous CFO, Michael Borrows, resigned.
Before joining Interstate, Reed was senior director of finance and division CFO for EMC Corp., where he led the integration of Isilon Systems Inc.’s financial systems and financial reporting with EMC’s.
At USA Truck, Reed will earn an annualized base salary of $300,000 and is eligibile for a cash bonus of $100,000, a grant of restricted shares equal to $150,000 and other grants, bonuses and a stipend for relocation expenses.
Reed began his career with Intel Corp. in 1997 after earning an master’s in business administration and a bachelor of arts from Brigham Young University.