Friday, March 31, 2006

Arkansas Best Names New Executive

Arkansas Best Corp. of Fort Smith on Friday named David R. Cobb as the company's new vice president and controller.

Cobb previously worked as vice president and corporate controller for Smith International Inc., a publicly traded international oil field service company based in Houston. Cobb has also worked for PricewaterhouseCoopers in Houston and is a certified public accountant.

Judy McReynolds, Arkansas Best’s senior vice president, CFO and treasurer, said Cobb's experience with public companies and their financial reporting and controls will bring knowledge and depth to the company's financial operations.

Arkansas Best is a transportation holding company with two operating subsidiaries, ABF Freight System Inc. and Clipper. Shares of the company (Nasdaq: ABFS) were trading at $39.17 on Friday after closing at $40.37 on Thursday.

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