Florida-based freight carrier Trailer Bridge has tapped Ivy Barton Suter as its new CEO, replacing Ralph Heim, who has served as interim CEO since December.
Heim will stay on as the company's president and chief operating officer.
Since 2006, Suter has been a managing director at Alvarez & Marsal, a global services firm, where she advised clients on financial and operational due diligence, mergers and acquisitions, and turnarounds.
Prior to joining Alvarez & Marsal, she was working as president of Service Solutions' Tools & Equipment, a business owned by SPX Corporation, where she led a team that grew sales and increased operating profit and cash flow. She also spent four years as president of Gast Manufacturing, a unit IDEX Corporation, where she led the growth of the Gast business.
Suter earned an engineering degree from the U.S. Merchant Marine Academy at King's Point. She also holds a Bachelor of Science degree in mathematics from the University of Delaware and a Master of Business Administration from the Harvard Business School.
"I am honored to have the opportunity to lead Trailer Bridge," she said. "I believe that the company's business model provides an incredible economic value proposition for customers, as its quality and service can both fulfill their shipping needs while also lowering their costs during a difficult economic climate."
Heim will stay on as the company's president and chief operating officer.
Since 2006, Suter has been a managing director at Alvarez & Marsal, a global services firm, where she advised clients on financial and operational due diligence, mergers and acquisitions, and turnarounds.
Prior to joining Alvarez & Marsal, she was working as president of Service Solutions' Tools & Equipment, a business owned by SPX Corporation, where she led a team that grew sales and increased operating profit and cash flow. She also spent four years as president of Gast Manufacturing, a unit IDEX Corporation, where she led the growth of the Gast business.
Suter earned an engineering degree from the U.S. Merchant Marine Academy at King's Point. She also holds a Bachelor of Science degree in mathematics from the University of Delaware and a Master of Business Administration from the Harvard Business School.
"I am honored to have the opportunity to lead Trailer Bridge," she said. "I believe that the company's business model provides an incredible economic value proposition for customers, as its quality and service can both fulfill their shipping needs while also lowering their costs during a difficult economic climate."
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