Forward Air Corporation Announces Election of Three New Independent Directors to Board of Directors

GREENEVILLE, Tenn.--(BUSINESS WIRE)--Forward Air Corporation (NASDAQ: FWRD) today announced the election of
Thomas S. Albrecht, Ana B. Amicarella and Javier A. Palomarez as
non-management directors of its Board of Directors (the “Board”) with
terms commencing July 24, 2017. On July 11, 2017, Douglas M. Madden
informed the Board that he will step down as a Director of the Company,
effective July 26, 2017. Mr. Madden’s decision to step down was not the
result of any disagreement on any matter relating to the Company’s
operations, policies or practices. Following Mr. Madden’s departure, the
Company’s Board will consist of nine members, eight of whom are
non-management directors.


Mr. Albrecht is the Founder and President of Sword & Sea Transport
Advisors LLC, a transportation industry consulting firm. Prior to
founding Sword & Sea, he served as Managing Director of BB&T Capital
Markets from July 2009 until July 2016. He has been in the
transportation research arena since 1988, and in addition to BB&T, he
has worked for Stephens Inc., ABN AMRO and A.G. Edwards & Sons. Mr.
Albrecht holds a B.S. in business administration with a finance major
from the University of Central Missouri.

Ms. Amicarella is Managing Director for Aggreko PLC, a power generation
solutions company. Prior to joining Aggreko in March 2011, she was
general manager of GE Oil & Gas Services for North America. Ms.
Amicarella began her career at GE in 1988 as a field engineer, and
during her tenure, she served in various professional capacities within
the areas of service, sales, strategic initiatives and P&L leaderships.
Ms. Amicarella received a B.S. in electrical engineering from Ohio State
University and an MBA from Oakland University. She competed in the 1984
Olympics in synchronized swimming and was an All-American while at Ohio
State University.

Mr. Palomarez currently serves as the President and Chief Executive
Officer of the United States Hispanic Chamber of Commerce, the largest
Hispanic business association in the United States (“USHCC”). Before
joining USHCC in October 2009, he was the Chief Marketing Officer for
NetSpend Corporation. Mr. Palomarez has over twenty years of corporate
and marketing experience, including leadership positions at Allstate
Insurance Corporation, Sprint, Inc. and Bank of America, N.A. He serves
on various advisory boards and councils, and since December 2015, he has
been a director of MasTec, Inc., a leading infrastructure company (NYSE:
MTZ). Mr. Palomarez obtained a B.B.A. in finance from The University of
Texas-Pan American.

Bruce A. Campbell, Chairman, President and CEO of the Company,
commented, “Thomas, Ana and Javier are all highly qualified and
experienced professionals. We are pleased to welcome them to the Forward
Air board and look forward to benefitting from their extensive business
expertise and counsel as we continue to execute against our business
objectives and take action to create value for our shareholders.”

About Forward Air Corporation

Forward Air keeps your business moving forward by providing services
within four business segments: Expedited LTL (provides expedited
regional, inter-regional and national LTL services, including local
pick-up and delivery, shipment consolidation/deconsolidation,
warehousing, and customs brokerage by utilizing a comprehensive national
network of terminals); Truckload Premium Services (provides expedited
truckload brokerage, dedicated fleet services, as well as high-security
and temperature-controlled logistics services); Intermodal (provides
first-and last-mile high-value drayage services both to and from
seaports and railheads, dedicated contract and Container Freight Station
warehouse and handling services); and Pool Distribution (provides
high-frequency handling and distribution of time sensitive product to
numerous destinations within a specific geographic region). For more
information, visit our website at https://www.forwardaircorp.com.

This press release may contain statements that might be considered as
forward-looking statements or predictions of future operations. Such
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and are based on
management’s belief or interpretation of information currently
available. These statements and assumptions involve certain risks and
uncertainties. Actual events may differ from these expectations as
specified from time to time in filings with the Securities and Exchange
Commission. We assume no duty to update these statements as of any
future date.


Contacts

Forward Air Corporation
Michael J. Morris, 404-362-8933
mmorris@forwardair.com