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Former Con-way Freight President Joseph Dagnese Joins PECO Pallet as New CEO

June 7, 2016

PECO Pallet, a leading pallet rental company and member of the Pritzker Group family of companies, today announced the appointment of Joseph Dagnese as its new chief executive officer.

Dagnese brings more than three decades of leadership experience in global logistics and transportation, most recently as president of Con-way Freight and executive vice president of its parent company, Con-way Inc., which was acquired by XPO Logistics (NYSE: XPO) in October 2015. In addition to overseeing the operating and financial performance and strategic planning for Con-way Inc.’s largest business unit, with 22,000 employees and $3.6 billion in revenue, Dagnese led change management, employee engagement and continuous improvement processes for the global freight company.

Prior to Con-way Freight, Dagnese led strategic initiatives and lean transformation as president of Con-way Truckload. Previously, Dagnese was vice president of Menlo Logistics, a Con-way Inc. subsidiary, leading large-scale international project rollouts and resource realignments. Before that, he was manager of North American transportation operations for Procter & Gamble (NYSE: PG).

“We focus on building lasting, long-term value for our companies. Joe’s proven record of success as a transformative industry leader makes him an excellent fit for PECO as it continues on its path of rapid growth,” said J.B. Pritzker, chairman of PECO Pallet and managing partner of Pritzker Group.

“I’m honored and grateful for this opportunity to lead the exceptional team at PECO. The company’s continuous growth over the past decade is proof positive of its dedication to quality, customer service and sustainability,” said Joe Dagnese. “With the Pritzker Group’s support and commitment to innovation, I look forward seeing even more of PECO’s signature red wood block pallets integrated into our customers’ supply chains throughout North America.”

Dagnese is a graduate of Indiana University, where he earned a bachelor’s degree in business and transportation.

 About PECO Pallet

PECO Pallet is the North American leader in pallet rental services and provides millions of its red block pallets to major grocery and consumer goods manufacturers throughout the U.S., Canada, and Mexico. PECO Pallet’s tremendous growth over the last decade reflects the company’s overall commitment to quality and service. Customers using PECO’s superior pallets experience less product damage, greater efficiency, improved safety, and significant cost savings. PECO is headquartered in Irvington, New York. For more information about PECO Pallet, visit pecopallet.com.

About Pritzker Group

Pritzker Group, led by Tony and J.B. Pritzker, has three principal investment teams: Private Capital, which acquires and operates leading North America-based companies; Venture Capital, which provides early-stage and growth venture funding to technology companies throughout the United States; and Asset Management, which partners with top-performing investment managers across global public markets.

Pritzker Group Private Capital acquires North America-based middle-market companies with leading positions in the manufactured products, services and healthcare sectors. The firm’s permanent, proprietary capital base allows for efficient decision making, broad flexibility with transaction structure and investment horizon, and alignment with management teams focused on creating long-term value. Pritzker Group brings significant resources, expertise and credibility in building businesses and is an ideal partner for entrepreneur- and family-owned companies. For more information, visit pritzkergroup.com.

   

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