Transplace, a leading provider of transportation management services and logistics technology solutions, today announced the appointment of Chris Nester as chief financial officer (CFO). Nester will oversee the company’s financial operations and report directly to CEO Frank McGuigan.
“It is an exciting time for Transplace, and we are thrilled to have Chris join our leadership team to help further grow the business and positively impact our customers’ bottom lines,” said McGuigan. “Chris is a passionate leader with an outstanding reputation, and his combination of deep financial market expertise and business acumen in the technology sector makes him a perfect fit for Transplace.”
With 18 years of financial experience, Nester was most recently the senior vice president and treasurer of Sabre. He was responsible for all financial aspects of the company’s business units, including financial planning and analysis and commercial deal support, and partnered with corporate groups on mergers and acquisitions and investor relations. Nester was instrumental in many large strategic initiatives during his time at Sabre including helping to take the organization private in 2007, assisting with the strategic and economic divestitures of Travelocity and Lastminute.com and the planning and execution of Sabre’s April 2014 initial public offering.
“The continued growth of ecommerce and development of advanced technologies impacting every area of the supply chain has created tremendous opportunities for logistics companies and shippers,” said Nester. “I look forward to helping Transplace continue growing and build upon the business objectives and corporate strategies that are already in place in order to best serve the continually expanding needs of our customers.”
