Michael Burrows on Tuesday (Sept. 23) was named chief financial officer for Van Buren-based USA Truck. His job duties begin effective immediately, and he replaces Clifton Beckham.
It was announced Aug. 7 that Beckham was leaving the company. Beckham was replaced by John Simone as the trucking company’s CEO in early 2013 following four consecutive years of financial losses. In the shift, Beckham returned to the CFO post, a position he held between 2002 and 2007.
According to the USA Truck statement, Borrows has held finance and accounting leadership positions of increasing responsibility for 14 years at Kansas City Southern and BNSF Railway. At Kansas City Southern, where his last position was senior vice president and chief accounting officer, Borrows was responsible for all accounting-related functions in the U.S. and Mexico, and worked with operations as well as the audit committee and board.
Prior to joining USA Truck, he served as senior vice president and managing director at Pollen Inc., a technology-based company doing business as C2FO that enables companies worldwide to optimize their working capital. At C2FO, Borrows worked primarily with Fortune 500 companies, many in the transportation sector.
Borrows has also worked as a senior managing partner and chief financial officer of FinEquity Partners LLC, which provided management consulting services to the transportation industry.
Borrows is a certified public accountant and earned a master’s degree in business from DePaul University Kellstadt School of Business in Chicago, and has a bachelor’s degree in finance from Liberty University.
"We are delighted to welcome Michael to the USA Truck team,” USA Truck President and CEO John Simone said in the statement. “With more than two decades of experience in finance and transportation, a keen strategic and analytical focus, and extensive experience in publicly listed companies, Michael is uniquely suited to USA Truck. His proven capabilities will help us continue our forward momentum and further improve our Company's financial performance."