Jack Cooper Exec. Sarah Riggs Amico to Run for Georgia Lt. Gov
Sarah Riggs Amico, executive chairman of car-hauling company Jack Cooper Holdings Corp., formally announced her candidacy for lieutenant governor of Georgia, running as a Democrat.
According to the company website, Amico is responsible for company strategy, mergers and acquisitions and human capital development. She’s the daughter of Jack Cooper Holdings CEO Michael Riggs.
The Riggs family owns a majority of Jack Cooper Enterprises, the parent company, which ranks No. 48 on the Transport Topics Top 100 list of the largest North American for-hire carriers.
“I’m a proud business owner who employs thousands of union truckers and mechanics. I’m a Christian, a wife, a mom, and I believe that there’s no problem we can’t solve if we work together,” Amico wrote on her campaign website.
As a business leader, a mom, and a proud Georgian, I'm tired of lame excuses from career politicians about why we can't invest in health care, education, and public safety while growing our economy at the same time. So I've decided to run for Lt. Governor. https://t.co/kcnAy8jazS — Sarah Riggs Amico (@SarahRiggsAmico) December 6, 2017
On the Republican side, State Senate Pro Tem David Shafer, Sen. Rick Jeffares and former state Rep. Geoff Duncan are vying for the nomination to replace current Lt. Gov. Casey Cagle.
“One of our core values at Jack Cooper is ‘social and community responsibility’. I am very proud that Sarah is trying to walk the talk. If she wins she will be a tremendous asset to the State of Georgia ... just like she has been at Jack Cooper,” Michael Riggs told Transport Topics in a statement.
Earlier this year, Jack Cooper staved off Chapter 11 bankruptcy after negotiating with two groups of debt holders to retire $429.2 million worth of debt.
According to the company, the new arrangement will reduce interest expenses by about $9.8 million a year.
A debt analysis by Bloomberg News said the major holders of the notes were JP Morgan Chase & Co., mutual fund Northeast Investors Trust Co. of Boston and Italian financial firm UniCredit SpA. Japanese investment house Nomura Group held $2.24 million.
