Old Dominion Freight Line, Inc. (ODFL, Financial) has announced that Leo H. Suggs, a long-serving member of its Board of Directors, will retire at the end of his current term. Mr. Suggs has informed the company of his decision to step down, which will take effect following the company's 2025 Annual Meeting of Shareholders. He will not seek re-election at that time.
Mr. Suggs's decision to retire is not due to any disagreement with Old Dominion Freight Line regarding its operations, policies, or practices. His departure marks the end of a significant tenure on the board, during which he contributed to the company's strategic direction and governance.
Old Dominion Freight Line is expected to announce further details regarding the succession plan for Mr. Suggs's position on the board in due course. The company remains committed to maintaining a strong and effective board to guide its future growth and success.
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