In connection with this transition, the board of directors appointed Derek Leathers, the current Chief Executive Officer and President of the Company, as a member and Vice Chairman of the board of directors effective May 31, 2020. 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She was 79. Werners outlook on managing the company, Leathers said. Increased driver satisfaction and retention. Resources Clarence L. Werner is the largest individual Werner Enterprises shareholder, owning 21.63M shares representing 34.20% of the company. Franchisee Conversations with Chair Khan, Certificate Of Compliance with Provisions of The Antitrust Procedures and Penalties Act, United States Unopposed Motion and Memorandum in Support of Entry of Final Judgment, Complaint for Civil Penalties for Failure to Comply with HSR Premerger Requirements, FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Terminals Need to talk to an agent? Civil Action No. C.L. Clarence L. Werner serves as Chairman of the Board of the Company. Transportation and logistics provider Werner Enterprises' ( NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L "CL" Werner stepped down from the executive chair seat on May 31. Dont miss the hottest freight event of the summer! Mr. Werner has recommended to the board of directors that Mr. Leathers be named Chairman of the board of directors, in addition to Chief Executive Officer and President, when Mr. Werners term ends. Mr. Werner served as the Chief Executive Officer of Werner Enterprises Inc. from August 27, 2015 to May 10, 2016. After retiring, she threw herself into the lives of her grandchildren, Werner-Robertson said, often swooping in to watch them when parents were out of town or between day cares and nannies. Werner founder to pay nearly $487k in fines to FTC for alleged Contact the writer: 402-444-1414, paige.yowell@owh.com. Want more news? This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. www.fleetowner.com is using a security service for protection against online attacks. Werner Enterprises, Inc. has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the SEC) for the offering to which this communication relates. Get up-to-the-minute news sent straight to your device. Investors Clarence L. Werner Founder and Executive Chairman PRESS RELEASE: FTC Fines Clarence L. Werner, Founder of the Truckload Carrier Werner Enterprises, Inc. for Repeatedly Violating Antitrust Laws, United States of America, Plaintiff v. Clarence L. Werner c/o Werner Enterprises, Inc., Defendant, Competition and Consumer Protection Guidance Documents, An Inquiry into Cloud Computing Business Practices: The Federal Trade Commission is seeking public comments, FTC Lawsuit Leads to Permanent Ban from Debt Relief, Telemarketing for Operators of Debt Relief Scam, Is Franchising Fair? (WOWT) - The Federal Trade Commission announced Wednesday that the founder of Omaha-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle. Hes always thinking way down the line, Leathers said. Mr. Werner will continue to serve as Chairman of the board of directors through the end of his current term, which is expected to end in May 2021, and at that time it is expected that he will become Chairman Emeritus. www.fleetowner.com is using a security service for protection against online attacks. In connection with CL Werner's transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. is one of the five largest truck carriers in . Morgan Stanley is acting as the sole underwriter of the offering. Clarence Werner is 82, he's been the Chairman of the Board of Werner Enterprises since 2020. 16(b)-(h), that a proposed Final Judgment, Stipulation, and Competitive Impact Statement have been filed with the United States District Court for the District of They think a degree in management or logistics makes them better then the drivers and qualified to tell someone with no tickets, csa points or accidents how to drive. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. 13) will pay a $486,900 . Werner ' s fleet of 5,500 trucks and 15,000 trailers serves the United States and Canada . Notably, the agency alleged that several of the purchases were . Mr. Clarence L. Werner founded Werner Enterprises Inc. in 1956 and has been its Executive Chairman since May 10, 2016. You will be redirected once the validation is complete. Provide better on-time service to customers and less downtime. Cross-Border Gloria Werner's hard work a big part of trucking company's success Werner recommended to the board that Leathers be named chairman when his term ends next year. As part of our 5Ts + S initiative, we have made substantial investments into our terminal network. We commit to embracing these values as we move toward an increasingly inclusive culture where every associate feels empowered to bring their whole self to Werner. Clarence L. Werner,48, Barber, Dies Werner of 104 Washington Ave, Ephrata, died, in the Ephrata Community Hospital Tuesday morning after a lengthy illness. C.L. }); Transportation and logistics provider Werner Enterprises (NASDAQ: WERN) announced in an after market close press release on June 2 that founder and executive chairman of the board Clarence L CL Werner stepped down from the executive chair seat on May 31. The statue, funded by Buffett, is the first of Gibson in his hometown and . Ive been here 21 years and yet I bring the average tenure of the executive team down, Leathers said, noting that it is not uncommon for people to remain with the company for 25 years or longer. To find out more about WernerBlue, including our recent milestone successes as well as future goals, visit our ESG section by clicking the Learn More button below. Werner was among the five largest truckload carriers in the United States in 2020. Beginning of a New Chapter as Werner Founder CL Werner Transitions Werner was born Oct. 27, 1934, on her familys farm in Petersburg, Nebraska. We celebrate 40-year anniversaries here on a fairly regular basis, Leathers said. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. She was very interested in her local community and what was going on and how she could be a good citizen.. The complaint 1 alleges that Mr. Werner first violated the reporting requirements of the HSR Act in May 2007, when he exercised options to acquire WEI stock that resulted in his combined holdings exceeding the . Please enable cookies on your browser and try again. Mr. Werner is the father of Gregory L. Werner. Werner founded the company in 1956 at the age of 19 with a single truck. Werner stepped down from his role as executive chairman effective May 31, but will continue as chairman of the board of directors through the end of his current term, which is set to end May 2021. View the full 2020 CSR report here. googletag.pubads().enableSingleRequest(); Elogs weren t made for ppl like me who drives legal 100% of the time,but I am a casualty,all bc of this man and his outlaw company. Get the latest local business news delivered FREE to your inbox weekly. Federal government websites often end in .gov or .mil. As a person, when I think of him the word that comes to mind is hes humble.. FTC penalizes founder of Omaha trucking firm Werner Enterprises - WOWT 1971 C. L. makes his first big truck purchase of 10 Freightliners in 1971. C.L. Hes continued to drive a truck at points along the way.. He has been a Company director since that time and also served as President until 1984. The most active insiders traders include Clarence L Werner, Gregory L Werner, and Gary L Werner. Hes a thoughtful leader. Werner Enterprises History: Founding, Timeline, and Milestones - Zippia Our terminals provide drivers comfort and support while also ensuring our top of the equipment remains in optimal driving condition for safety and efficiency. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Hes built schools and churches and made major contributions to medical centers. U.S. v. Clarence L. Werner | ATR | Department of Justice Werners Blue Brigade is a team of compassionate and committed associates who volunteer their time and talent to serve the community. Founder Clarence L. (CL) Werner purchased a Ford gasoline-powered truck and entered the trucking business in 1956. Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Clarence L Werner - Bio, Net Worth & Business Detail - Trucking Monitor To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. MarketScreener: Created by Investors for Investors! For those reasons, undue reliance should not be placed on any forward-looking statement. In connection with CL Werners transition, the Company also announced today an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which Mr. Werner is the grantor and sole trustee, subject to market conditions and other factors. Werner Enterprises has a strong foundation of driving greater sustainability throughout our over 65-year history. Benefits of latest machine technology to improve fuel efficiency. A lock (LockA locked padlock) or https:// means youve safely connected to the .gov website. You can cancel at any time. After submitting your request, you will receive an activation email to the requested email address. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. As a result of these professional experiences, Mr. Werner brings to the Board a unique understanding of our business and operations attributed to his long-standing commitment to, management of and involvement with the Company for over 60 years, as well as his significant and extensive knowledge of the transportation industry. Morgan Stanley is acting as the sole underwriter of the offering. He has been a Company director since that time and also served as President until 1984. [1], Werner's common stock trades on the NASDAQ Global Select Market under the symbol Nasdaq:WERN.[5]. In addition, he makes $1,787,390 as Chairman of the Board at Werner Enterprises. Are you an organization or group who would like to request assistance from the Blue Brigade? googletag.enableServices(); Please enable JavaScript on your browser and try again. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. [4], Werner's fleet consists of approximately 10,000 tractors, 26,000 trailers and employs 13,500 employees and independent contractors. So how are third-party logistics providers adapting to meet these challenges? Clarence L. Werner, founder of the Omaha, Nebraska-based truckload carrier Werner Enterprises, Inc. will pay a $486,900 civil penalty to settle charges that certain of his acquisitions of company stock while he was a director of the company violated the Hart-Scott-Rodino Act. Clarence Werner Net Worth (2023) | wallmine Apply Clarence L Werner is the face behind Werner Enterprises. Copyright 2023, All Rights Reserved, FreightWaves, Inc, CL Werner steps down as executive chairman of Werner Enterprises, Loaded & Rolling (Enterprise Fleet News/Analysis). www.fleetowner.com is using a security service for protection against online attacks. In connection with this transition, the board of directors appointed Derek Leathers, the current Chief Executive Officer and President of the Company, as a member and Vice Chairman of the board of directors effective May 31, 2020. St. Paul, MN 55164-0854 Werner will remain as chairman through his current term, which expires in May 2021. Its truly the epitome of an American success story.. OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. International services are provided through Werner's domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage. There are 1 older and 21 younger executives at Werner Enterprises. When you look at that face,keep in mind that that is the face greatly responsible for the elogs crap,his drivers were driving like bandits,about to shut down by the D.O.T. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. The most recent stock trade was executed by Carmen A Tapio on 11 August 2022, trading 1,170 units of WERN stock currently worth $49,374. Leathers C.L. A .gov website belongs to an official government organization in the United States. Visitation is scheduled for 5 p.m. Tuesday at St. Wenceslaus Catholic Church, 15353 Pacific St., with a vigil service at 7 p.m. A funeral Mass will be celebrated at 10:30 a.m. Wednesday at the church. The Werner Logistics portfolio includes truck brokerage, freight management, intermodal, international and final mile services. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. 1444 Blairs Bridge Rd, Lithia Springs, GA 30122, USA, 2215 Newlins Mill Rd, Easton, PA 18045, USA, 8701 Peterbilt Ave, Dallas, TX 75241, USA, 9239 Brighton Rd, Henderson, CO 80640, USA, 10251 Calabash Ave, Fontana, CA 92335, USA, 13000 Gateway Blvd E, Clint, TX 79836, USA, 879 Northwest, Bell Rd, Lake City, FL 32055, USA, 4801 W Magnolia St, Phoenix, AZ 85043, USA, 4395 Laybourne Rd, Springfield, OH 45505, USA, 18673 Dix Toledo Rd, Brownstown Charter Twp, MI 48193, USA, 2800 S Service Rd, West Memphis, AR 72301, USA. Frequently asked questions from carriers like you! Werner Enterprises Transportation and Logistics Leader Blog, Freight Quote In 1977, Werner Enterprises moved its corporate headquarters to its current location in Omaha, Nebraska. Werner Enterprises executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Leathers noted that includes structuring the company so that it can thrive not just beyond C.L. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Today, Werner is a global company with 8,000 trucks and nearly 13,000 employees. Phone: 800-228-2240 Clarence's mailing address filed with the SEC is PO BOX 45308, , OMAHA, NE, 68145. Contact You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Video resources including how-to guides and more. During the Great Depression years, poverty struck the family, and living conditions were tough. Werner Enterprises stated that it had 2021 revenues of $2.7 billion and over 13,500 employees and contractors. Werner has recommended that Leathers be named chairman once his term expires, in addition to Leathers current company leadership responsibilities. Everyone today likes to focus on the highlights of these highly successful people and wants to rewrite history as if its an overnight success story, Leathers said. OMAHA, Neb., June 02, 2020 (GLOBE NEWSWIRE) -- Werner Enterprises, Inc. (Nasdaq: WERN), a premier transportation and logistics provider, today announced that Clarence L. Werner stepped down as its Executive Chairman effective May 31, 2020. At that time, the company expects he will become Chairman Emeritus. By providing your email address below, you are providing consent to Werner Enterprises, Inc. to send you the requested Investor Email Alert updates. You can help Wikipedia by expanding it. PDF DEPARTMENT OF JUSTICE Antitrust Division Columbia in United States of He was. He is expected to be named chairman emeritus once his term is over. The Clarence L. Werner Revocable Trust is also expected to grant the underwriter of the offering a 30-day option to purchase up to an additional 1,284,593 shares of common stock. Become a Carrier Driver Number 1 and mega-fleet founder Clarence "C.L." Werner is taking back the wheel at Werner Enterprises, replacing son Gary as chairman of the 7,000-truck carrier. Right on point. OMAHA, Neb. Maintaining a new fleet with an average tractor age of 2 years results in: At Werner, we support and encourage the diverse voices and perspectives of our associates, our customers, and our suppliers. He was born in New Holland,the son of Mrs. Elizabeth King Weber, Ephrata, and the late Jeremiah Werner. . Over the last 20 years, insiders at Werner Enterprises have traded over $643,911,989 worth of Werner Enterprises stock and bought 447,247 units worth $8,918,421 To deliver world-class supply chain solutions to the global marketplace responsibly and safely while exceeding the expectations of our customers, shareholders and associates. The co-founder of the Werner Enterprises transportation company was never afraid to do what was necessary to see the business succeed in its early days, when cash was tight and she juggled multiple roles. Mr. Werner owns over 48 units of Werner Enterprises stock worth over $371 and over the last 19 years he sold WERN stock worth over $600,746,837. Shareowner Services Werner founded Werner Enterprises in 1956 with a single truck purchased with proceeds from the sale of a family car. Equipment Sales, About Werner }); googletag.cmd.push(function() { He served as our Chief Executive Officer ("CEO") from 1984 until February 2007, and he was Chairman from 1984 until May 2011. He has his own foundation that does work around things he has passion for., Leathers added, His legacy, in short, means everything to us. The estimated Net Worth of Clarence L Werner is at least $603 Million dollars as of 10 December 2014. These symbols will be available throughout the site during your session. Sign up for our newsletter to keep reading. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Gloria Werner started out doing the bookkeeping, and eventually oversaw financial transactions and handled regulatory reporting to various government agencies. 2023, Nasdaq, Inc. All Rights Reserved. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Brokerage Standard Terms & Conditions Clarence L. Werner, c/o Werner Enterprises, Inc., 14507 Frontier Road, Omaha, NE 68138 , Defendant. To find out how we are doing this, click here, 1444 Blairs Bridge Rd Lithia Springs, GA 30122 Local: (770) 739-3600 Toll Free: (800) 828-7556, 2215 Newlins Mill RoadEaston, PA 18045Toll Free: (800) 423-8296, 8701 Peterbilt Ave Dallas, TX 75241 Local: (972) 224-5353 Toll Free: (800) 433-5655, 9239 Hwy 85 Henderson, CO 80640 Local: (303) 286-0242 Toll Free: (800) 338-6177, 10251 Calabash Ave Fontana, CA 92335 Local: (909) 823-4995 Toll Free: (800) 255-2194, 13000 Gateway East Blvd Clint, TX 79836 Local: (915) 872-1279 Toll Free: (866) 262-9670, 879 Northwest Bell St.Lake City, FL 32055Local: 386-401-7124, 742 S Combee RdLakeland, FL 33801Local: (863) 666-3160, 1201 Carrier DrLaredo, TX 78045Local: (956) 717-0996, 4801 W Magnolia Phoenix, AZ85043 Local: (602) 455-3060 Toll Free: (800)-522-2668, 4395 Laybourne Rd Springfield, OH 45505 Local: (937) 325-5403 Toll Free: (800) 227-6640, 18673 Dix-ToledoBrownstown, MI 48193Local: (734) 282-3954, 14507 Frontier RdOmaha, NE 68138Local: (402) 895-6640Toll Free: (800) 228-2240, 1738 Terminal Ct.Joliet, IL 60436Local: (815) 733-4100, 2800 S Service RdWest Memphis, AR 72301Phone: 1-800-346-4861. Details can be seen in Clarence L Werner's Latest Holdings Summary section.

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