Biography

Joseph H. Pyne, a director since 1988, is the Chairman of the Board of the Company. Mr. Pyne retired as Executive Chairman of the Board on April 30, 2018 but continues to serve as Chairman of the Board in a non-executive capacity. Mr. Pyne is also a director of DHT Holdings, Inc. (chair of the Compensation Committee, and a member of the Audit Committee and Nominating and Corporate Governance Committee) and a former director and member of the Compensation Committee of Genesee & Wyoming Inc. Mr. Pyne holds a liberal arts degree from the University of North Carolina.

Prior to his retirement, Mr. Pyne had been an employee of the Company for 40 years, having served as President of its principal marine transportation subsidiary before serving as President and Chief Executive Officer of the Company from 1995 to 2010, then as Chairman of the Board, President, and Chief Executive Officer or Chairman of the Board and Chief Executive Officer of the Company until April 2014, and then as Executive Chairman of the Board from April 2014 through April 2018. Mr. Pyne has extensive knowledge of all aspects of the Company, its history, operations, customer base, financial condition, and strategic planning. He has long been active in industry associations that, among other benefits, monitor significant legislative and regulatory developments affecting both the marine transportation and distribution and services businesses.