ArcBest Corp. Plans CFO Transition As Cobb, Newcity Promoted

ArcBest Corp. announced that David R. Cobb has been named Chief Financial Officer effective January 1, 2015, while previous CFO Michael E. Newcity takes on a newly created role as ArcBest Chief Innovation Officer and President of subsidiary ArcBest Technologies.

“Creating a dedicated center for technology and business innovation across all of the ArcBest companies will enable us to continue serving our customers across the supply chain in the way they expect, with ‘The Skill & The Will’ to tackle their most complex challenges,” said ArcBest President and CEO Judy R. McReynolds. “While Michael Newcity now devotes his sole attention to this area, David Cobb’s experience in finance and accounting at ArcBest and other companies will ensure a seamless transition for investors and other financial stakeholders.”

Since 2006, Cobb has served as Vice President and Controller at ArcBest, adding the duties of Chief Accounting Officer in 2010. The replacement process for his previous role is underway.

Cobb’s experience includes work with multinational and publicly traded corporations to startup operations in a vast range of business environments, including fast-growth and acquisition integrations, the company said.

Newcity has served as CFO since 2010. In 2013, he became Senior Vice President and Chief Information Officer as his responsibilities were expanded to oversee corporate information technology and economic analysis, which are now part of the ArcBest Technologies function.

During his 20-plus year tenure with ArcBest, Newcity has been involved in several strategic, cross-functional initiatives focused on enterprise-wide advancements in business intelligence, e-commerce, market research and forecasting and planning. Newcity began his career with the company in 1993 serving ArcBest’s information technology subsidiary, Data-Tronics Corp.