Fritz Companies announced Wednesday the appointment of Ronald F. Dutt as executive vice president and chief financial officer of the global logistics company headquartered here. He was also named to the company’s governing Executive Committee.
Dutt assumes responsibility for the financial management of the company worldwide, as well as overseeing the administration of the company’s business plan, human resources practices and investor relations.
“Ron brings to Fritz exceptional financial management skills which will be applied immediately to enhance the company’s overall business practices worldwide,” said Lynn C. Fritz, chairman and CEO and Raymond Smith, COO, members of the Office of the Chairman, in announcing the appointment. Dutt succeeds Robert Arovas who is leaving the company to pursue other endeavors.
Prior to joining Fritz, Dutt was senior vice president, Financial Planning and Analysis, for Visa International’s worldwide operations. He provided leadership for Visa International’s worldwide financial processes, statistical reporting and compliance. Under Dutt’s guidance, this global company restructured worldwide management reporting, established accurate forecasting models, and led the financial review and due diligence for acquisitions.
Before joining Visa International, Dutt served for eight years in senior finance positions at USL Capital, a Ford Motor Company financial services subsidiary headquartered in San Francisco. As vice president of Corporate Analysis, vice president of Finance successively for two key business units, and corporate director of Pricing, he played a pivotal role in realigning core businesses to focus on higher returns. He also developed sophisticated pricing models while adopting disciplined financial management tools.
Previously, during his 12 years at Ford Motor Company, he held positions of increasing responsibility, beginning in the controller’s office of Ford Truck Operations and later becoming international finance manager in the corporate treasurer’s office. He received his MBA in Finance from the University of Washington.
Fritz Companies, Inc. is a leader in global integrated logistics, delivering comprehensive supply chain solutions to its clients worldwide. Fritz provides flexible service options, ranging from door-to-door transportation and material management to sophisticated information management — integrated within customized logistics programs. The Fritz network is composed of more than 10,000 employees and more than 480 locations in some 115 countries.
Fritz Companies, Inc. (NASDAQ: FRTZ) global headquarters is at 706 Mission Street, San Francisco, CA 94103 USA, (415) 904-8360. Recent press releases are available via a fax-on-demand service accessed by dialing 888-286-6419. Additional information is available at the Fritz Internet website:Details