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John Simone Resigns As CEO of USA Truck to Focus on Health

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USA Truck Inc. of Van Buren said Thursday that John Simone has resigned from the CEO post to focus “on improving his health.” The company’s board named Thomas Glaser to replace him.

Simone, who was being treated for lung cancer, has been on medical leave from the publicly traded trucking firm since April. To fill the void, the board had tapped Glaser to be interim chief operating officer.

“Although it has been a very difficult decision, after consultation with my doctors, who continue to be optimistic about my recovery, I have concluded that I need to concentrate full time on my treatments and recovery,” Simone said in a news release.

“I leave knowing that a solid foundation for profitability and growth has been put into place at USA Truck,” he continued. “Working with the company and its outstanding employees has been a very rewarding experience, and I look forward to watching USA Truck’s continuing progress.”

The company said it expects to record about $1.3 million in the third quarter reflecting severance and other costs related to Simone’s departure.

Simone was hired at USA Truck in 2013 to replace Cliff Beckham, who returned to his previous role of CFO before resigning in September 2014. USA Truck reported income of $6 million in 2014, its first profitable year since 2008. 

The entire USA Truck team is pulling together to take our company to the next level,” Glaser said in a news release. “We are proud of the many accomplishments to date, but also realize that much work remains to realize the full potential of the company’s business model. I look forward to working with the company’s executive team and employees to accomplish our goals.”

Glaser previously worked as USA Truck’s interim chief operating officer from January 2013 to June 2013. He has more than 30 years of management experience in the trucking industry, and was president of two truckload carriers, Arnold Transportation Services from 2008 to 2010, and Celadon Trucking Services Inc. from 2001 to 2007.

Between 1988 and 2001, Glaser was an executive at Contract Freighters Inc., now called Con-way Truckload.

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