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FOR IMMEDIATE RELEASE

Contact:  Brad Estrin
Executive Vice President
Sales & Marketing
(800) 395-7100, ext. 7227
bestrin@suddath.com 
 

Suddath Appoints CFO

JACKSONVILLE, FLORIDA, September 16, 2002 - The Suddath Companies, a leading provider of global relocation and transportation-related services, today announced the appointment of James G. Barnett to Corporate Treasurer and Chief Financial Officer.

"I am pleased to announce Jim's appointment to this important post," commented Barry S. Vaughn, Chief Operating Officer of The Suddath Companies. "Jim's attention to detail and perfectionism are his hallmarks, and his reliability and integrity are key ingredients that any company values in a CFO.

"During his 28-year tenure at Suddath, Jim has demonstrated his value to the company on countless occasions. He has been a key player in all financial-related activities of The Suddath Companies including his oversight of our numerous acquisitions," said Vaughn.

Mr. Barnett began his career with Suddath in 1974 in the accounting department. He was promoted to Assistant Controller in 1975 and, most recently, held the position of Senior Vice President and Controller since 1979.

Mr. Barnett graduated from Jacksonville University with a degree in accounting and also has achieved his CPA Certification. He has served on many industry advisory boards and currently serves on United Van Lines' Technology Review Committee. Barnett and his wife Terry are long time residents of Ponte Vedra Beach, Florida.

About The Suddath Companies

Founded in 1919, The Suddath Companies is a diversified, cooperative group of domestic and international moving service companies. These affiliates specialize in worldwide corporate employee relocation, household residential moving, and warehouse and logistics management. In addition to its international services to over 100 countries, Suddath operates nationwide as one of United Van Lines’ largest agents. The Suddath Companies has over 1,200 employees nationwide handling over 40,000 shipments annually. Suddath Relocation Systems, a subsidiary of The Suddath Companies, provides corporate relocation, household goods transportation, facility moving, warehousing and logistics services to businesses and consumers worldwide. For more information, visit their web site at www.suddath.com.

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