As part of this change, Lynn C. Fritz, chairman of the board, will resume the position of CEO, and Graham R. F. Napier, chief operating officer, will become president, both changes effective immediately. Although Mr. Smith is leaving to pursue other interests, he will continue to provide consulting services to Fritz Companies, according to the chairman. Fritz Companies is a specialist in global integrated logistics.
Emphasis is placed on simplifying processes and reducing overall transportation costs.
The Fritz network is composed of highly trained professionals working in more than 400 locations in 120 countries. In this press release, the Company makes forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our operations. Many possible events or factors could affect the future financial results and performance of the Company. This could cause results or performance to differ materially from those expressed in our forward-looking statements.