$1.8B Frisco company has a new CEO
Frank McGuigan is the new CEO of Frisco-based logistics firm Transplace, the company announced Monday.
McGuigan took over for previous CEO Tom Sanderson, who transitioned to executive chairman in his new role with the company.
“Transplace has experienced record growth in recent years and has made significant investments in its people, technology, as well as its presence in the United States, Mexico and Canada,” McGuigan said in a prepared statement.
Previously, McGuigan was president and chief operating officer of the Frisco company, which earned an estimated $1.8 billion in revenue last year, Sanderson told the Dallas Business Journal in a previous story.
McGuigan joined the company in 2011 via an acquisition of SCO Logistics, where he served as CEO.
“Since joining Transplace, Frank has shown exceptional leadership in helping Transplace grow into a leading provider of transportation management solutions and logistics technology,” Sanderson said in a prepared statement. “And this is the perfect time for him to become Transplace’s next chief executive officer.”
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