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Dale Herold Hired as Chief Executive Officer

5 May 2020
Dale Herold

Tidewater Fleet Supply / TNT Parts (“TFS” or the Company) is pleased to announce the promotion of Dale Herold to Chief Executive Officer effective April 1, 2020. Herold brings to the position a wealth of knowledge gained over 30 years from previous roles in the industrial distribution and manufacturing. Herold has quickly become a key member of TFS since joining as Chief Operating Officer in 2019. Immediately prior to TFS, Herold was President of the Distributor Business Group at Interstate Batteries where he oversaw a period marked by improvements in both market share and customer satisfaction at Interstate’s 400 branches. He has held senior leadership positions at EnPro Industries (NYSE: NPO), where he was Chief Customer Officer and president of Garlock, a leading manufacturer of industrial seals and gaskets. He also drove strategic growth at BlueLinx Corporation (NYSE: BXC), and Consolidated Container Company and served on the Board of Directors for Pantheon Enterprises. Herold’s career began at GE, where he became the Director of Marketing for Specialty Materials. He holds a Bachelor of Science degree in Mechanical Engineering from Grove City College and is taking over from Allan Parrott, who served as the CEO for 22 years and retired in March. “I am truly honored and privileged to lead our extraordinary company as Tidewater Fleet Supply / TNT Parts’ next chief executive officer,” said Herold. “This is an unprecedented and exciting time in the marketplace and we are committed to exploring new ways to better serve our customers today and in the future. I look forward to continuing to work closely with our exceptional senior leadership team, along with Will, as our executive chairman, and our entire board of directors. Together, we will capture opportunities for growth for Tidewater Fleet Supply / TNT Parts by remaining laser-focused on serving our customers, providing the best career experiences for our people and creating significant value for our shareholders.” Will Krusen, Board Chairman said, “I am excited to congratulate and welcome Dale as the CEO of the Company. Since joining TFS last year, Dale has brought a tremendous amount of energy, experience, and leadership to the senior team. The board and I wish Allan the best in retirement. During his tenure, he oversaw the growth of the Company from two locations in Virginia to 14 across the Southeast.” About Tidewater Fleet Supply & TNT Parts Tidewater Fleet Supply (dba Tidewater Fleet Supply and TNT Parts) is the leading Southeastern independent wholesale distributor of heavy- and medium-duty aftermarket truck and trailer parts serving 4,000+ commercial and municipal customers through 14 locations across VA, GA, NC, SC, and north FL. The Company also services municipalities and government customers through dedicated facilities. With an emphasis on customer service, extensive parts knowledge, training, and inventory, Tidewater Fleet Supply develops and supports deep relationships with its customers and suppliers.

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