Greg Gantt is succeeding David Congdon as CEO of Old Dominion Freight Line as of May 16 as part of the less-than-truckload company’s designed succession plan. David Congdon, who has served as CEO since 2008 (when he was named an HDT Truck Fleet Innovator) and vice chairman of the board of directors since 2015, will become executive chairman of the Board, succeeding current Executive Chairman and company founder Earl Congdon, who will become senior executive chairman. Both Congdons will remain executive officers of the company.
Gantt, who will also retain his current title of president, originally joined the company as a regional vice president in 1994 and has assumed ever-increasing roles and responsibilities over the past 24 years at the Thomasville, North Carolina-based company.
"A big part of Old Dominion's success has been our consistent approach to operating with a long-term perspective,” said Earl Congdon, “and today's announcement reflects our board's thoughtful approach to timely and careful succession planning. Greg's promotion to chief executive officer and David's election to executive chairman reflect their demonstrated commitment to preserving our culture, our core values and our business strategy. I wish Greg continued success in his new combined role as president and chief executive officer, and I especially want to thank David for his years of visionary leadership and relentless execution that have driven our transformational growth and strong market position."
David Congdon thanked Earl for his guidance and mentorship. “Earl has been, and will remain, the backbone of our OD Family Spirit. We look forward to his insight, leadership, and continued commitment to Old Dominion for years to come."
He also commented on Greg Gantt, saying, “he has consistently demonstrated that he is a visionary leader and a steward of the company's unique culture. We are confident that under his leadership, and with the continued support of our board and our dedicated family of employees, the company will continue to innovate, evolve, and grow in the years to come.”