Struggling Pamt Corporation designates new CEO
Pamt Corp. Announces New Leadership Structure with Lance Stewart as President, CEO, and Director
Pamt Corp., a leading company in the transportation industry, has announced a significant change in its leadership structure. Effective August 4, 2025, Lance Stewart has been appointed as the President, Chief Executive Officer (CEO), and Director of the company, replacing interim CEO Matthew Moroun, who will return to his position as Chairman of the Board.
Lance Stewart, who has been with Pamt Corp. since 1989, has served in multiple roles, including Vice President of Accounting, Finance, Operations, and Chief Financial Officer (CFO). Daniel Kleine, currently serving as Senior Vice President of Finance and Treasurer, is serving as the interim Principal Financial and Accounting Officer until a permanent Chief Financial Officer (CFO) is appointed.
The company is currently conducting a national search for an Operations Leader, indicating that this role remains unfilled at present.
Here's a summary of the key leadership structure post-Stewart’s appointment:
| Position | Person | Status | |-------------------------------|---------------------|-----------------------------------| | President & CEO & Director | Lance Stewart | Newly appointed as of Aug 4, 2025 | | Chairman | Matthew Moroun | Returned to Chairman role | | Interim Principal Finance Officer (CFO role) | Daniel Kleine | Interim, pending permanent CFO | | Operations Leader | Vacant | National search ongoing |
This leadership change comes at a time when the company has faced several consecutive quarters of net and operating losses. The operating loss for Pamt Corp.'s TL unit has been ongoing for seven straight quarters, with a 112.5% operating ratio.
Lance Stewart's previous roles at Pamt Corp. include Vice President of Finance, CFO, and Treasurer. Daniel Kleine has been with Pamt Corp. since 2023, serving as Senior Vice President of Finance at Pam Transport since June. No new information about Joe Vitiritto or any further information about the principal financial and accounting officer was provided in this announcement.
In conclusion, the new leadership team aims to steer Pamt Corp. through its current challenges and towards a more prosperous future.
Lance Stewart's extensive experience in finance at Pamt Corp. will undoubtedly be crucial as he assumes the roles of President, CEO, and Director, especially given the company's recent financial struggles in the industry. The ongoing search for an Operations Leader indicates that the company intends to make business improvements across all aspects of operations.
