Jon Monson, chairman of the board of MV Transportation, Inc. (MV) announced Carter Pate has been appointed chief executive officer of the firm, effective Aug. 15, 2011. In addition, Pate will serve as CEO of all MV's subsidiaries and will become a member of the company's board of directors.
Pate is the global and U.S. managing partner for the Capital Projects and Infrastructure practice at PricewaterhouseCoopers, LLP (PwC). He is also the co-leader of PwC's Global Government practice. Prior to these roles, Pate built PwC's U.S. Government Services practice, and in this capacity from 2004 to 2008, he delivered from inception a compounded annual growth rate of 34 percent, which continues today.
Pate joined PwC as a direct admit partner in 1996, specializing in public company restructurings. In addition, he has served as the international financial advisor to many Fortune 500 companies including Kevco, Inc., Dimon International, Inc., South Africa Breweries, and Kmart.
"The MV Board is extremely pleased our two-year search for a new CEO has resulted in the selection of Pate as the company's new leader," said Monson, who served in the role as MV's chief executive from 1999-2008. "Mr. Pate has the vision, experience and leadership ability to take MV to the next level, to help our clients through difficult funding challenges and to ensure MV remains the best provider of passenger transportation in the world."
Prior to joining PwC, Mr. Pate was the founding partner of Pate, Winters & Stone, Inc. (PWS) from 1987-1996. At PWS, Pate provided management and consulting services in the areas of restructuring management and corporate turnarounds.
At Sun Coast Industries, a NYSE company, he served as interim president, CEO, and a member of the board of directors between 1993 and 1996. Under Pate's leadership, the company restructured over a two-year period, culminating in it being featured in the Jan. 16, 1995 issue of Fortune magazine as No. 7 on the list of Top 10 Best Performing Stocks of 1994, with a stock price increase of 103.7 percent during his tenure.
Pate has more than 33 years of consulting, management and executive leadership experience spanning the full spectrum of business operations and finance in a variety of industries. He is an acknowledged leader in transformational change, financial and operational controls, workforce optimization, systems integration and primary and secondary financing.
Pate's book, The Phoenix Effect: Nine Revitalizing Strategies No Company Can Do Without, published by John Wiley & Sons, Inc., was released in March 2002. It has been translated into five languages, is used in business school courses, and is a featured course at Southern Methodist University.
"I am proud to be joining the more than 13,000 team members of MV Transportation," Pate said. "MV is an acknowledged leader in passenger transportation in the U.S. with a clear commitment to its people and a history of quality, safety, and strong customer service. I intend to build on this strong foundation and legacy to continue
serving our existing customers, as well as expand into new markets to accelerate our growth."
Pate holds a masters degree in accounting from the University of Texas at Dallas and a B.S. Accounting from Greensboro College and is a Certified Public Accountant licensed in Texas, New York, Virginia and Washington, D.C.