Management ChangeJul 10, 2026, 04:46 PM
Forward Air: Lorrain Steps Down as Executive Chair; Gorjanc Appointed Chair
AI Summary
Forward Air Corporation announced that Jerome Lorrain resigned as Executive Chairman of the Board, effective July 10, 2026. Mr. Lorrain will continue to serve as a non-employee director. In connection with this transition, his outstanding restricted stock awards were amended to continue vesting, but his performance-based and special one-time equity awards were forfeited. Concurrently, Christine M. Gorjanc was appointed as the independent Chair of the Board.
Key Highlights
- Jerome Lorrain resigned as Executive Chairman of Forward Air's Board.
- Mr. Lorrain will continue to serve as a non-employee member of the Board.
- Christine M. Gorjanc was appointed independent Chair of the Board.
- Mr. Lorrain's restricted stock awards will continue to vest while he remains a Board member.
- His performance-based and special one-time equity awards are forfeited.
- Mr. Lorrain did not receive a 2026 annual equity award.
Price Impact
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