ArcBest Corp. of Fort Smith on Friday announced that David Cobb has been named chief financial officer effective Jan. 1, while previous CFO Michael Newcity will take on a newly created role as chief innovation officer and president of subsidiary ArcBest Technologies.
CEO Judy McReynolds said in a statement that the company wanted to create a dedicated center for technology and business innovation across all ArcBest companies.
“While Michael Newcity now devotes his sole attention to this area, David Cobb’s experience in finance and accounting at ArcBest and other companies will ensure a seamless transition for investors and other financial stakeholders,” she said.
Since 2006, Cobb has served ArcBest as vice president/controller at ArcBest, adding the role of chief accounting officer in 2010. The replacement process for his previous role is underway, McReynolds said.
Newcity began as ArcBest CFO in 2010. In 2013, he was named senior vice president and chief information officer and his responsibilities were expanded to oversee corporate information technology and economic analysis, which now will be part of the ArcBest Technologies function.
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