Joseph Vitiritto, 49, will be P.A.M. Transportation Services Inc.'s new president and chief executive officer, effective Aug. 18.
He succeeds Dan Cushman, who led the Tontitown-based trucking company for 11 years before retiring in May, and Matthew Moroun, who has been interim CEO since then, according to a recent shareholder filing.
Vitiritto will earn more than $850,000 at the helm of P.A.M.
Moroun will stay on as chairman of the company's board of directors.
Vitiritto has held various managerial roles at Knight-Swift Transportation Holdings Inc., and most recently was senior vice president of pricing and network design for about a year. He has more than 25 years of industry experience.
P.A.M. told shareholders that Vitiritto will be paid a base salary of $530,036 per year and a one-time cash bonus of $328,500. He also will receive 40,000 shares of company stock over the next several years and be eligible for bonus incentives in 2021, according to an 8-K form filed Wednesday with the U.S. Securities and Exchange Commission.