CEO Curtis Stoelting said Terence Rogers “joined Roadrunner at a difficult time and was tasked with getting our filings current and completing our recapitalization.”
Roadrunner Transportation Systems Inc. announced Thursday that Terence R. Rogers, executive vice president and chief financial officer, is resigning from the company at the end of August.
“Rogers’ departure is not related to any issues or disagreement regarding the company’s financial disclosures, accounting policies or practices,” the announcement said.
Former CFO Peter R. Armbruster was indicted in April for his alleged role in a securities and accounting fraud scheme that resulted in the loss of more than $245 million in shareholder value.
Former controller Bret S. Naggs and Mark R. Wogsland, the former director of accounting for the truckload operating segment, also were charged with conspiracy to make false statements to a public company’s accountant and falsify Roadrunner’s books, records and accounts, securities fraud and wire fraud.
Roadrunner fired Armbruster in March 2017. Rogers was hired as CFO two months later. He previously had served as the chief financial officer for The Heico Cos. and Ryerson Inc.
Roadrunner CEO Curt Stoelting said Rogers “joined Roadrunner at a difficult time and was tasked with getting our filings current and completing our recapitalization, which was successfully accomplished earlier this year. We appreciate Terry’s willingness to stay on through the transition and wish him all the best in his future endeavors.”
The announcement said Roadrunner has begun a search process to “identify a successor CFO who has both strong financial and operational skills. If needed after Rogers’ departure, Stoelting will serve as the company’s principal financial officer until a new CFO is named.”
