Maverick president and chief operating officer, Stephen Selig has announced his retirement and the company has named executive vice president and chief financial officer, John Culp, his successor. 

Selig has served as the company’s president and COO since 2001 and joined Maverick in 1984 as a sales manager. During his tenure, Maverick posted $5.1 million in sales and operated about 50 tractors.

“Stephen has led our organization as President for half of his 32 years; through some very challenging times,” said Steve Williams, Maverick chairman and CEO. “The cornerstone of his leadership has been his personal character and work ethic which has gained the respect and trust of our employees, our customers, and our competitors."

Selig’s successor, Culp, joined Maverick in 1989 as vice president of finance and was named Exec. VP and CFO in 1995. He will assume his new role on Jan. 1, 2016.

"I am excited to have this opportunity to lead Maverick, particularly given current industry challenges and the unprecedented opportunities that come with them,” said Culp. "Our management team is well positioned to seize these opportunities and is committed to continue to provide our customers the value added transportation services they expect.”

Maverick is based in Little Rock, Ark., and operates over 1,500 units. The company provides over-the-road and dedicated service to flatbed, glass, and temperature-controlled transportation markets in North America.