Lineage Names W. Gregory Lehmkuhl as New CEO; Bill Hendricksen Transitions to Vice Chairman

COLTON, Calif.

Lineage Logistics, LLC (Lineage), a temperature-controlled warehousing and logistics company backed by Bay Grove Capital, LLC (Bay Grove), announced today that logistics and transportation veteran W. Gregory “Greg” Lehmkuhl will become its new Chief Executive Officer, effective mid-July. Current CEO Bill Hendricksen will transition into the role of Vice Chairman at that time.

During the last six years, Lineage has grown into one of the largest temperature-controlled logistics companies globally. Lehmkuhl becomes CEO as the company moves into its next phase of growth and works to further expand its comprehensive cold chain solutions for customers.

“Greg is a skilled leader with a stellar reputation in the logistics industry for driving growth. He has the energy and the experience to fulfill our vision of becoming the world’s most dynamic temperature-controlled logistics company,” said Adam Forste, Co-Chairman of Lineage Logistics and Managing Director of Bay Grove.

Lehmkuhl comes to Lineage from Con-way Inc. (NYSE:CNW) where he was Corporate EVP and President of Con-Way Freight, Inc., Con-Way’s less-than-truckload motor carrier and largest subsidiary. In those roles, he had responsibility for overall company operating and financial performance, strategic planning and business plan development, and direction of the company’s continuous improvement processes. During his 14-year career at Con-Way Freight and its sister organization, Menlo Worldwide Logistics, Lehmkuhl catalyzed organizational growth, implemented process transformation, developed complex customer partnerships and engineered large business-line expansions. He is regarded as a thought leader who embraces a customer- and employee-centric vision enabled through lean processes and technology innovation.

“I’m thrilled to join Lineage, to work with a talented team of supply chain professionals and to partner with Bay Grove,” stated Lehmkuhl. “We have an exciting opportunity to leverage our vast warehouse network and broad value-added services in combination with new technologies to create something truly differentiated in the temperature-controlled logistics industry for customers.”

After more than 35 years as an entrepreneur and leader in the cold chain industry, Hendricksen will assume the role of Vice Chairman of Lineage, where he will continue to help support key customer relationships, ongoing strategy development and Lineage’s participation in industry groups and boards.

“On behalf of the Board, we thank Bill for his immeasurable contributions to Lineage. We are pleased that the company will continue to benefit from his expertise and wisdom in his new role,” remarked Kevin Marchetti, Co-Chairman of Lineage and Managing Director of Bay Grove.

“My decision to step down earlier this year was based on finding the right person to take Lineage into the future. Every company has different stages of growth, and each stage requires a CEO with specific skillsets. Greg is an exceptional leader who has expertise integrating and transforming growing companies and possesses the character to inspire our team. I’m excited to help support Greg and Lineage for many years to come,” said Hendricksen.

About Lineage Logistics, LLC: Lineage Logistics is one of the largest temperature-controlled warehousing and logistics companies in the world. The company was founded through the combination of premier, temperature-controlled warehousing companies, some of whose roots date back to the early 1900s. Today, all its companies are unified with a shared vision of being the leading global supply chain company serving the world’s food, retail, agriculture and distribution companies. (www.lineagelogistics.com)

About Bay Grove, LLC: Bay Grove is a principal investment firm dedicated to partnering with strong management teams to invest in and build long-term platform investments. Over the last six years, Bay Grove has built Lineage Logistics through acquisitions and investments completed in partnership with entrepreneurs, managers and employees. The firm has deep experience in the warehousing and logistics industry and also seeks to make investments in other attractive sectors. Bay Grove is based in San Francisco. (www.bay-grove.com)

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Lineage Logistics
Megan Hendricksen, 909-422-8122
mhendricksen@LineageLogistics.com
or
RAM Communications
Ron Margulis, 908-272-3930
ron@rampr.com