Industry veteran brings more than 30 years of professional experience to prepare business for organic growth and acquisition activity
SHREVEPORT, La. and DALLAS, Tx. (August 29, 2022) – AFS Logistics (afs.net) announces Allen R. Parrott as Chief Financial Officer (CFO). Mr. Parrott has more than a dozen years in the logistics industry, including four years of experience in CFO roles, most recently at CIG Logistics. In addition, Mr. Parrott has performed fractional CFO services including startup capital raises and debt/operational restructuring of mature businesses in the logistics sector. In his role as CFO at AFS, Mr. Parrott is responsible for all direct and indirect financial activities, and oversees the company’s accounting, human resources and legal departments.
“Allen had the industry expertise we were looking for and the business acumen to go with it,” says Brian Barker, founder and chairman, AFS. “These skills make him a strong addition to the AFS leadership team, supporting the company’s growth and value to its clients.”
Mr. Parrott leads strategies to achieve targets for revenue, profit and growth, including preparing the business to scale both organically and through acquisitions. As the business expands, Mr. Parrott plans to focus on building fintech and other operational income streams, M&A transactions, simplifying and combining operations with financial technology, and building and rewarding team talent across the enterprise.
“AFS is one of the fastest-growing companies in the logistics industry, with enormous market potential and a world-class leadership team,” Mr. Parrott said. “I look forward to working with my colleagues to further enhance our financial processes and systems, and further equip the business to make optimized decisions with clarity and speed. A critical part of that work includes supporting the professional development of our team members and incentivizing high performance.”
Mr. Parrott’s 30-plus years of professional experience includes more than 10 years at the executive leadership level. Mr. Parrott has held controller roles at Crane Worldwide Logistics and CEVA Logistics, in addition to financial roles at publicly traded global enterprises, such as Hewlett Packard and Keystone International Inc. His educational background includes a bachelor’s degree in finance from the University of Houston at Clear Lake.
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About AFS Logistics
AFS Logistics helps more than 1,800 companies across more than 35 countries drive sustained savings and operational improvements, while turning their logistics operations into competitive, customer-centric differentiators. As a non-asset based and non-asset biased 3PL, AFS provides a range of logistics services, featuring freight and parcel audit, parcel cost management, LTL cost management and transportation management, which includes freight brokerage and freight forwarding. Founded in 1982 and employing a team of more than 380 logistics teammates in eight major locations across the U.S. and Canada, AFS is regularly part of the Inc. 5000 list of fastest growing companies and was named a 2022 Top 100 3PL by Inbound Logistics. To learn more, visit www.afs.net.
Anna Claire Stevens