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FourKites Hires Veteran Leaders to Drive Growth and Customer Value as Demand Surges
Real-time visibility pioneer expands leadership team as momentum continues to build for end-to-end supply chain visibility solutions
FourKites, provider of the world’s leading real-time supply chain visibility platform, today announced the appointment of five industry veterans with extensive hypergrowth experience to executive leadership positions at the company. Stephen Elsasser joins as Chief Financial Officer; Bob Slaby is the company’s first Chief Customer Officer; Steve Dowse will serve as SVP and General Manager of the company’s new International Products business unit; Dave Ellis joins as SVP of Global Solutions; and Jason Frerich serves as VP of Solutions.
The new leaders join in the midst of significant growth for FourKites, the category pioneer and industry leader. Gartner® named FourKites a Leader positioned furthest for Completeness of Vision in the 2021 Gartner Magic Quadrant™ for Real-Time Transportation Visibility Platforms. Demand for FourKites’ platform is accelerating globally in a market that is increasingly adopting real-time supply chain visibility solutions to help companies better manage operations amid ongoing supply chain disruptions.
As the largest global supply chain visibility platform, with more than 50% customer growth in the last year, FourKites tracks over 2 million shipments every day. Over the last 12 months, FourKites has tracked more than 29 billion miles across 176 countries and more than 7 million facilities. Moreover, the company has worked alongside its customers to translate their biggest pain points into more than 100 new products and features since the beginning of 2020 alone; it has received patents for its groundbreaking AI technology, and has expanded the definition of real-time visibility beyond transportation to include warehouses, stores, trucks and beyond.
“I’m thrilled to welcome Stephen, Bob, Steve, Dave and Jason to FourKites — all top-caliber industry veterans with extensive experience leading organizations through successful periods of hypergrowth and global expansion,” said Mathew Elenjickal, founder and CEO of FourKites. “These additions to our executive bench will help ensure that FourKites continues to lead — with our superior network of supply chain data, more breakthrough innovations and new sources of value for the world’s largest network of shippers, carriers, brokers and 3PLs.”
Stephen Elsasser’s unique background includes prior CFO roles in industries as diverse as fintech, martech, trading and investment banking. Most recently at Fiserv, he held several leadership positions, including SVP and Group CFO of Fiserv’s $3 billion Account Processing business. Prior to Fiserv, he held various leadership positions at Shop Your Way; Brightstar; Sears Holdings Corporation; Citadel Investment Group; and Houlihan Lokey. As FourKites’ CFO, Elsasser will lead the company’s growing global Finance, Accounting and Legal teams.
As the new Chief Customer Officer, Bob Slaby brings more than 25 years of experience in technology hardware, software, services and support at major corporations, including Merck Pharmaceuticals, Citibank and Hewlett-Packard. More recently, he has served in executive Customer Operations roles at Altify (Sales SaaS solution sold to Upland Software in 2019) and Anaplan (SaaS solution for Finance/Sales/Supply Chain Planning, 2018 IPO). In the newly created position of Chief Customer Officer at FourKites, Bob will lead the company’s global Professional Services, Implementation, Customer Success and Product Support teams.
With the ongoing ocean shipping crisis, FourKites has continued to build upon its Dynamic Ocean platform to create the most advanced and robust solution on the market for real-time and predictive ocean visibility, exception management and cost controls. Stepping in to serve as the GM of the company’s new International Products unit, Steve Dowse brings decades of experience conceptualizing, developing, selling and operating platform-based solutions for the global container logistics industry, and most recently was head of Product Strategy at Blume Global. Previously, he was the CTO and COO of tech-logistics startup IAS, which later merged with REZ-1 to become Blume. In leading FourKites’ International Products unit, Dowse will be responsible for the vision, strategy and P&L for the company’s global ocean and air solutions, including its next-generation Dynamic Ocean solutions.
Customers across all industries are realizing incredible value as supply chain visibility impacts key business drivers like planning, inventory, sustainability and customer experience. FourKites has brought on Dave Ellis as SVP Global Solutions, to help customers maximize the value they get from the platform. Ellis brings more than 20 years of experience leading Solutions Consulting teams in enterprise software, cloud and digital transformation at companies including OpenText, GXS and Covisint.
And as FourKites continues to dive deeper into purpose-built industry solutions, industry veteran hires play a key role in translating the value of the platform and driving innovation for key verticals. Jason Freirch is a supply chain veteran with more than 20 years of experience in both retail and manufacturing. He was Director of Domestic Transportation for Michaels Stores and held various leadership roles at Nike, HP, Emerson and Walmart. He is responsible for FourKites’ growth and leadership in industry solutions, and will bring his extensive retail experience to bear on one of the company’s fastest-growing verticals.
Today’s announcement comes on the heels of the recent appointment of Marc Boileau as Senior Vice President, Sales and Carrier Operations, EMEA.
Des Plaines, Illinois – Loren Swakow, Managing Director of NOBLELIFT North America, has announced his retirement effective January 31st, 2025, leaving behind a legacy of unprecedented growth, innovation, and strong relationships built over nearly a decade at the helm of the company.
Swakow joined NOBLELIFT in October 2016, tasked with the challenge of bringing an unknown brand into the highly competitive American market. At the time, NOBLELIFT had no dealer network and minimal brand recognition. Over the course of eight years, Swakow's strategic leadership and expertise have led to remarkable success, driving average annual growth of 43%. Today, NOBLELIFT is supported by a professional dealer network spanning the entire country, with sales growth consistently outpacing the industry, a true testament to Swakow’s vision and determination.
Swakow’s leadership also played a key role in expanding NOBLELIFT's footprint into Canada by helping to establish NOBLELIFT Canada. His unwavering belief in the brand and dedication to fostering partnerships were critical to this growth.
Reflecting on his tenure, Swakow remarked, “It takes a great team to do what we did in eight years, and that’s what we have—A Great Team! I have always believed in fostering open communication, creating a culture of trust, empowering individuals, leveraging diverse perspectives, and prioritizing collaboration. We have all worked very hard, and I am proud of them all.”
Swakow’s career in the material handling industry began long before his time at NOBLELIFT. He co-founded a lift truck dealership with his brother, representing brands like Komatsu, Mitsubishi, Tailift, and TCM. After decades of success, they sold the dealership and related businesses in 2012. Swakow also played a key role in the wider industry, serving as a founding member and Presidentof the Chicago Industrial Truck Dealers Association and as President of MHEDA (Material Handling Equipment Distributors Association) in 2004. His strong belief in the power of networking was critical to the formation of NOBLELIFT North America.
"MHEDA has always been the optimal association for networking," Swakow stated. "The connections and insights I gained through MHEDA were invaluable as we built NOBLELIFT North America from the ground up."
The succession plan for Swakow's role has been set, with the announcement of his successor scheduled for January 7th, 2025. Through January, Swakow will collaborate closely with his successor to ensure a smooth handover of responsibilities and to share his insights and guidance.
“We are grateful for Loren’s remarkable contributions to NOBLELIFT North America,” stated Wendy Mao, CEO at Noblelift Intelligent Equipment Co., Ltd. “His vision and passion have been instrumental in shaping our success. We are committed to building on the strong foundation he has established.”
Swakow’s dedication to excellence, his ability to inspire trust, and his relentless pursuit of success will leave a lasting impact on the material handling industry. While the company expresses enormous gratitude for his leadership, it is clear that his legacy will continue to guide NOBLELIFT on its upward trajectory.
About NOBLELIFT North America
NOBLELIFT® North America (www.nobleliftna.com) is a global leader in Lithium-iron technology. We manufacture a comprehensive range of high-performance, low-maintenance manual, electric, and internal combustion equipment with more than 200 categories and around 30 series of each product. Our products are designed to meet different application demands and are well accepted by our customers in more than 100 countries and regions in Europe, America, Asia, Africa and more. Products include: sit-down forklifts, rough terrain forklifts, narrow aisle forklifts, walkie-stackers, order pickers, electric pallet trucks, scissor lifts, tuggers/tow tractors, scrubbers, sweepers, automated guided vehicles (AGV’s), lift tables, manual pallet jacks and more. Noblelift® North America builds tough, durable products that deliver high productivity, low total cost of ownership, easy serviceability, and advanced ergonomic features; accompanied by outstanding parts, service, and training support.
For more information about our company and our products, visit www.nobleliftna.com or follow us on social media.
BELTON, MO (December 10, 2024) – KPI Solutions (KPI), a leading supply chain consulting, software, systems integration, and warehouse automation supplier today announced the retirement of Larry Strayhorn and appointment of Michael Cavanaugh as Chief Executive Officer.
Larry serves the material handling industry with a position on the MHI Board of Governors and was a key figure in the 2021 formation of KPI Solutions. His 40+ year career includes executive roles at leading supply chain and enabling technology companies, including WEPCO, Paragon Technologies, TGW, Diamond Phoenix, and Dematic. Going forward, he will join KPI’s Board of Directors and act in an advisory role for the new CEO.
With his unique expertise in operations, finance, and business transformations, Michael will be responsible for enabling a culture of excellence that drives client success, boosting company growth and performance, establishing long-range goals, and strengthening capabilities in engineering and advanced software.
“I am excited to welcome an experienced and accomplished leader who brings a fresh perspective to KPI Solutions and will continue our growth trajectory through a focus on data-driven designs, intelligent software, and best-of-breed automation,” stated Larry Strayhorn, retiring CEO. “Michael thrives on enhancing operational strategy by empowering teams, creating shared vision, and encouraging innovative approaches to problem-solving, ultimately enhancing client success and company value.”
“I look forward to working alongside the talented associates at KPI Solutions to deliver successful projects for our clients, enabling them to meet the challenging needs of the fast-evolving market,” stated Michael Cavanaugh. “As businesses increasingly demand improved throughput and faster fulfillment, KPI is in a unique position to serve clients with innovative engineered designs combined with proven automation and robotic technology, intelligent warehouse execution software, and lifetime services.”
Michael brings over twenty years of executive leadership experience in high-growth companies including Indicor, Honeywell, Smiths Group, Safran, General Electric, and United Airlines. He holds an MBA from The University of Chicago Booth School of Business, and a Bachelor’s degree from Lake Forest College.
About KPI Solutions™:
KPI Solutions provides end-to-end supply chain services and automation to transform our clients’ distribution operations. We analyze, design, implement, and support flexible and scalable engineered solutions that optimize order fulfillment, build capacity, and reduce reliance on labor. Our data-driven operations strategy delivers resilient designs and our technology-neutral approach allows a blend of automated technologies for a customized solution. Our comprehensive offerings include consulting, network strategy, engineered facility design, material handling systems integration, robotics, intelligent warehouse software, and lifetime services.
Roboteon, provider of a powerful software platform for warehouse robot enablement, announces breakthrough simulation capabilities in its platform for robotics and other warehouse automation. The new tool help companies make better decisions across multiple time horizons, from initial automation planning through real time execution on the floor.
Interest in Autonomous Mobile Robots (AMRs) and other robotics is high, but there remains much uncertainty about use cases, the number of AMRs and humans needed across different time horizons, expected operational improvements, and cost savings from the robotics investment.
Companies also lack tools to optimally balance and release work to the DC floor based on demand and available human and robotic resources.
The good news: Roboteon’s Warehouse Robotics Fulfillment platform addresses all these challenges and more in a way unique in the market , adding a new dimension to the Roboteon platform’s powerful capabilities to integrate, manage, orchestrate, and optimize robot-enabled warehouse processes.
Key features and capabilities of the new simulation tool include:
• The ability to assess the number of robots and humans that will be needed for a potential robotics initiative.
• After the initial deployment, the ability to test different operating plans, such as what is required for peak season success.
• “Digital twin” functionality that enables real-time optimization of resource assignment and order release.
• Native support for multi-client environments, as required by many 3PLs.
• Ability to run simulation using actual past order history or generate synthetic demand based on profiling order patterns without the need to gather all that data.
• Highly flexible configuration parameters for running the simulation, including the facility layout, speed of the robots, speed of human workers, time to complete picks and other work, use of other automation such as goods to person systems, and more.
• More than two dozen metrics generated by the simulation, including cost per pick, lines or unit per hour, robot and human dwell times, and many more.
• Extensive use of machine learning to improve the optimization results over time.
The combination of Roboteon’s simulation capabilities, ease of use, and robot vendor agnostic orchestration provides a breakthrough in the warehouse robotics sector.
Companies would typically work with Roboteon early in a robotics initiative to understand automation options, ROI, costs, as part of the solution design. Once robots have been deployed, the simulator supports short to mid-term planning for placement of robots and humans on the DC floor.
Benefits of Roboteon’s simulation tool include:
• Support for testing and building the business case for automation
• Improved visibility over flexible time-horizons
• Enhanced decision-making based on real-time data
• More consistent ability to meet service-level commitments and client scorecards
• Higher productivity and throughput
“With the release of this simulation tool as part of our Robotics Fulfillment Platform , Roboteon has further enhanced our sector-leading capabilities for successful robotic enablement in the short and long term” said Dan Gilmore, chief marketing officer.
About Roboteon
Roboteon Inc.™ is a unique market innovator whose vision is to enable rapid deployment and efficient operation of robotics in distribution. Our software platform enables interoperability across robotic technologies and vendors. It also optimizes order planning, picking and other process execution while automatically considering dynamic conditions such as robot and human resource capacities on the floor. Combined with deep domain expertise, our technology speeds time-to-value and supports agile change. You can learn more at www.roboteon.com.
Media Contact Dan Gilmore Roboteon dgilmore@roboteon.com
International law firm Reed Smith today published From A2B: Decoding the Global Supply Chain, an in-depth exploration of the rapidly evolving supply chain landscape. The report examines the worldwide forces shaping global logistics today and into the future, offering businesses strategic insights to navigate the challenges and opportunities arising in this increasingly complex field.
Spearheaded by Reed Smith’s global Transportation Industry Group and drawing from the perspectives of the firm’s global network of 30+ offices, the report addresses critical themes that include climate change, regulatory shifts and technological advancements. The guide serves as a roadmap for businesses to stay agile and resilient in the face of global disruptions.
Key themes
Regulatory and compliance challenges. Businesses are navigating a complex web of compliance issues, including the U.S. semiconductor ban, sanctions, antitrust risks, and the EU’s AI Act. National security screenings and money laundering threats further heighten the need for robust risk mitigation strategies.
Technological innovations and future trends. From 3D printing and autonomous ships to augmented reality and digital product passports, cutting-edge technologies are reshaping supply chains. Reed Smith emphasizes balancing innovation with legal and operational considerations.
Environment and sustainability. Sustainability is now central to supply chains, with a focus on green methanol, LNG transitions and deep-sea mining. EU laws and global plastics treaty negotiations are driving ESG integration while green innovation offers new investment avenues.
Financial and investment considerations. Financing innovations, insurance solutions and evolving investment opportunities in shipping and freight are key to managing supply-chain disruptions effectively.
Operational and logistical challenges. From negotiating logistics agreements to addressing HR impacts and managing international employee mobility, businesses must tackle operational hurdles to ensure efficiency.
Jurisdiction-specific supply-chain challenges. Regional nuances, from U.S. state laws and China’s export controls to Middle Eastern drone opportunities and UK trade policies, reflect the global nature of supply chain challenges.
Transportation Industry Group Global Chair Richard Hakes reflects on the unique challenges of this fast-changing field: “The pace of change in the supply chain is relentless. Helping clients through the legal side of it requires a strong understanding of law, but you also need to keep up with all the latest trends, industry developments, technologies and regulations.
“Logistics is going through a massive transformation right now. New technologies are coming in, and customer expectations are changing just as fast. ‘From A2B’ digs into these shifts and gives our clients tools to stay flexible and thrive amid constant change,” Hakes says.
Remarking on how the global supply chain impacts everyday life, Hakes says, “The supply chain isn’t some far-off, industrial concept anymore – it’s something that’s touching us all, right where we live. Every day, the things we buy and use make their way to us through a massive network that spans the globe. It’s something that matters to everyone, whether you’re a consumer, a worker or a business – it’s just part of how we live now.”
As a global law firm, Reed Smith provides strategic advice to transportation and logistics clients in complex regulatory matters, high-stakes litigation and major transactions. By addressing critical topics such as sustainability, digital transformation and compliance, From A2B: Decoding the Global Supply Chain reflects Reed Smith’s commitment to helping clients thrive in an increasingly interconnected and dynamic world.
About Reed Smith
Reed Smith is a dynamic international law firm dedicated to helping clients move their businesses forward. With an inclusive culture and innovative mindset, we deliver smarter, more creative legal services that drive better outcomes for our clients. Our deep industry knowledge, long-standing relationships and collaborative structure make us the go-to partner for complex disputes, transactions, and regulatory matters.
Reading, Pa. – Nov. 18, 2024 - Penske Truck Leasing is lighting up a new solar-powered initiative seeking to boost efficiency, minimize energy costs, and reduce emissions initially at select truck leasing,truck rental, and truck maintenance locations in the U.S. with the installation and activation of its first-ever rooftop solar-powered systems.
The company’s new state-of-the-art facility in Channahon, Illinois, is now fully operational, and is predominantly powered by an onsite photovoltaic (PV) solar system, expected to generate roughly 80% of the building’s energy needs at 200 KW capacity. Any remaining required energy will be supplied by the local utility provider.
A Grand Rapids, Michigan, location will be active in the coming months and Penske’s Linden, New Jersey, location is expected to go online in 2025. These facilities are also new state-of-the-art locations.
The new facilities incorporating solar systems in Channahon, Illinois, Grand Rapids, Michigan, and Linden, New Jersey, are part of the company’s LEED building program.
Under a power purchase agreement with Sunrock Distributed Generation, seven additional Penske facilities in California are expected to be retrofitted with new PV solar systems in the next year, which are expected to yield roughly 600 KW of renewable energy across all locations. These facilities are located in Fresno, Hayward, La Mirada, National City, Riverside, San Diego and San Leandro.
Penske is collaborating with San Francisco-based ForeFront Power as its lead project consultant on this solar initiative.
“Our solar program is an important piece of our renewable energy strategy and ForeFront Power continues to be an outstanding partner in helping us bring these projects to fruition,” said Drew Cullen, senior vice president of fuels and facility services at Penske. “These investments will allow us to directly generate our own renewable energy to power our locations and continue to support our customers with sustainable solutions.”
On average, four solar panel-powered Penske Truck Leasing facilities will generate an estimated 1-million-kilowatt hours (kWh) of renewable energy annually and will result in an emissions avoidance of 442 metric tons (MT) CO2e, which is equal to powering nearly 90 homes for one year.
“The initiative to install solar systems at our locations is a part of our company’s LEED-certified facilities process,” explained Ivet Taneva, Penske vice president of environmental affairs. “Investing in solar has considerable economic impacts for our operations as well as the environmental benefits of further reducing emissions related to electricity use.”
Penske Truck Leasing is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. A leading provider of innovative transportation solutions, Penske operates and maintains more than 437,000 vehicles and serves its customers from nearly 1,000 maintenance facilities and more than 2,500 truck rental locations across North America. Solutions from Penske include full-service truck leasing, fleet maintenance, truck rentals, used trucks, and a comprehensive array of technologies to keep the world moving forward. Visit pensketruckleasing.com for more information.