INDIANAPOLIS, Ind. — Celadon Group founder Steve Russell died Apr. 15, the company has announced. He was 76 years old.
Russell founded the company in 1985 and grew it into a major national carrier with a presence in Canada.
“We are deeply saddened by Steve’s passing,” said Paul Will, Board chairman and chief executive officer. “Our thoughts and prayers are with Steve’s family and many friends at this time.”
The company today generates more than US$1 billion in revenue and operates more than 5,000 tractors and 12,000 trailers. In Canada, Celadon operates Hyndman Transport based in Wroxeter, Ont.
Celadon’s Will said the company has a succession plan in place.
“We instituted a succession plan several years ago to begin to plan for this date,” he said. “Over the past year, we have promoted Eric Meek to President and COO and made other changes to our executive team as Steve stepped away from the business.”