TransForce Welcomes Derek Yung as New Chief Financial Officer
Alexandria, VA – TransForce, a recognized leader in the transportation and logistics industry, announced today that Derek Yung has joined the company as Chief Financial Officer (CFO). Yung joins TransForce from Wine.com, the nation’s leading online wine retailer, where he served as CFO.
“Derek joins us at a pivotal time for our company,” said Dennis Cooke, President and CEO of TransForce. “As we continue our growth, Derek’s leadership will undoubtedly aid in our ability to become a technology-based solutions provider for motor carriers and drivers nationwide.”
Yung has over 15 years of executive-level experience in high-tech, high-growth companies in both the public and private sectors, and has a strong track record of leading c-level initiatives, developing finance teams, and leading corporate strategy development and implementation. With a long history of impactful CFO roles, Derek has also worked with eHealth, an omnichannel health insurance marketplace, and Hotwire of Expedia Group, one of the most recognizable online travel agency brands. He has also held CFO and senior finance roles with Nextag and LeapFrog Enterprises. In his new role at TransForce, Derek will serve as a strategic partner to the executive leadership team and oversee all finance functions for the company.
“I am excited to join TransForce,” said Derek Yung, CFO of TransForce. “The transportation and logistics industry is ripe for transformation enabled by technology. I am excited to join the team and look forward to helping drive business solutions and technology innovations as well as expanding TransForce’s position in the market.”
“We are thrilled to have Derek join our TransForce team as our new CFO bringing a wealth of experience growing several high-tech companies. His expertise on accelerating revenue and EBITDA growth in a fast-growing, tech-enabled company is a huge win for TransForce and Palladium.” said Leon Brujis, Partner at Palladium Equity Partners, L.L.C., a private equity firm whose affiliate is TransForce’s majority owner.
Yung has an MBA from the Kellogg School of Management at Northwestern University and a BS in Computer Science from Stanford University.
TransForce leads the industry in innovative driver shortage solutions. The company leverages its TF1 app to access a digital network of CDL-licensed drivers to match them in real-time with top trucking jobs. TransForce works with third-party logistics, private fleets, and trucking companies to provide drivers in a way that best meets partner business needs, from temporary flex workers to full-time hires. The company’s solutions drastically reduce time-to-hire and keep more trucks on the road. TransForce operates throughout the U.S. and Canada. Additional information about the company can be found at transforce.com.
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Katherine Petty MacLane
Vice President, Strategic Marketing and Communications