Arkansas Best's Young, CFI's Brown Step Down as CEOs

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rkansas Best Corp. said Thursday Robert Young III will step down as chief executive officer Feb. 1, but remain chairman.

Robert Davidson, currently president of Arkansas Best, will take on the additional role of CEO. He will remain CEO of subsidiary ABF Freight System.

Separately, Contract Freighters Inc. said President Herbert Schmidt was named its new CEO effective Monday, replacing Glenn Brown, who will remain chairman as well.