Trucking

Knight-Swift CEO's $5.5M Exit

David Jackson, former CEO of Knight-Swift, secures a $5.5M severance, including non-compete clauses, amid industry cost cuts.

Adriana Pulley Mar 18, 2024

Knight-Swift's ex-CEO David Jackson is riding off with a pretty nice $5.5 million severance after stepping down. Here's the lowdown:

$5.5 million total severance deal.
A mix of lump sum and installments over two years.
He's agreed to non-compete and non-disclosure.

Smooth Transition:

Jackson’s departure comes with no fuss over company disagreements, company says.
He's also getting a piece of his 2024 bonus and health benefits.

Legal Lockdown:

Jackson's severance comes with strings attached to protect Knight-Swift.
There are non-disclosure, non-disparage, and other agreements in place to protect proprietary secrets.

Source: Trucking Dive

Published in: Trucking

Author

Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.

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