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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Daseke Inc    DSKE

DASEKE INC (DSKE)
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Daseke : Names Bharat Mahajan Chief Financial Officer

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07/12/2018 | 11:50pm CEST

By a News Reporter-Staff News Editor at Journal of Transportation -- Daseke Inc., (NASDAQ: DSKE) (NASDAQ: DSKEW), the largest flatbed, specialized transportation and logistics solutions company in North America, announced the appointment of Bharat Mahajan as the company's new chief financial officer. Mahajan will assume the role of CFO from Scott Wheeler, who was named Daseke's president earlier this year.

"As a leader of the financial team of a publicly-traded transportation company, Bharat has a proven record of helping businesses grow while maximizing profitability," said Don Daseke, company CEO and chairman.

"We are very pleased to bring Bharat on as our new CFO," added Wheeler. "Bharat did an impressive job while at Aveda. His work is of the highest caliber, and our values are closely aligned -- he believes in building teams that make the whole organization better. He's a perfect fit to help us achieve our vision of continued growth as a leading consolidator and North America's largest owner of flatbed and specialized transportation capacity."

"I've watched Daseke for some time," said Mahajan. "The honesty, integrity and transparency are very apparent with Don Daseke, Scott Wheeler and the rest of the Daseke team. It's very synergetic with the way I've always approached business and financial propositions. I look forward to continuing a positive people-culture for the Daseke financial team in our work with the operating companies, as well as with our external stakeholders."

Mahajan's track record at Aveda included leading a team that negotiated with, acquired and successfully integrated six companies. He also helped raise revenue by eightfold between early 2016 and early 2018.

"Bharat impressed us from Day One and is a strong fit with our company culture," Daseke said. "He's a rising star in the financial world and has accomplished so much so soon. His strong background and focus on people first will enable him to do great things at Daseke."

Keywords for this news article include: Business, Daseke Inc.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2018, NewsRx LLC

(c) 2018 NewsRx LLC, source Business Newsletters

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Financials ($)
Sales 2018 1 549 M
EBIT 2018 35,5 M
Net income 2018 6,21 M
Debt 2018 289 M
Yield 2018 -
P/E ratio 2018 83,37
P/E ratio 2019 127,50
EV / Sales 2018 0,55x
EV / Sales 2019 0,58x
Capitalization 559 M
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Mean consensus BUY
Number of Analysts 6
Average target price 14,6 $
Spread / Average Target 68%
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Managers
NameTitle
Don R. Daseke Chairman & Chief Executive Officer
Ronald Scott Wheeler President & Non-Independent Director
Bharat Mahajan Chief Financial Officer
Daniel J. Hennessy Vice Chairman
Brian Bonner Independent Director
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