Tom Glaser is stepping down from the board of directors at USA Truck Inc. in Van Buren after seven years.
Glaser informed the company that he would not seek reelection at USA Truck’s 2021 shareholders meeting, set for May. USA Truck announced it had appointed Raj Penkar to the board, effective March 1.
Glaser, 71, served as USA Truck’s CEO for about six months in 2015 after John Simone took a leave of absence because of health problems in June. Simone died of cancer the next year.
Glaser twice served as interim chief operating officer at USA Truck and was on the committee that hired Simone to replace Cliff Beckham as CEO in February 2013. Glaser joined the board in 2014 as the hand-picked representative of an activist shareholders group, United Shareholders for the Benefit of USAK, which at the time owned 28% of the company.
“On behalf of the entire board, I would like to express our appreciation to Tom for all of his contributions to the company and the board over the past seven years including serving as the company’s president and CEO from 2014-2015,” USA Truck Chairman Alex Greene said in a statement. “We are fortunate to have worked with Tom and wish him the best in his future endeavors.”
Penkar is the president and founder of Supply Chain Advisory Services of Duluth, Georgia. He had previously served as senior vice president and president of supply chain at Sears Holding Corp. and worked at United Parcel Service for 24 years, where he was president of customer solutions.
Penkar earned a bachelor’s degree in mechanical engineering from the Indian Institute of Technology in Bombay and a master’s in mechanical engineering from Syracuse University.
“Raj’s experience in and leading logistics and supply-chain companies from both the shipper and carrier side brings a unique perspective to the company,” Greene said. “In addition, his development and use of technology to solve complex supply chain problems will further drive USA Truck’s operational improvement.”