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Lineage Announces Appointment of New Board Member

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Lineage Announces Appointment of New Board Member
News

News

Lineage Announces Appointment of New Board Member

2024-04-23 20:07 Last Updated At:20:21

NOVI, Mich.--(BUSINESS WIRE)--Apr 23, 2024--

Lineage, Inc. (“Lineage”), the world’s largest global temperature-controlled warehouse REIT and integrated solutions provider, today announced the appointment of Shellye Archambeau to the Board of Directors of Lineage’s operating subsidiary, Lineage Logistics Holdings, LLC. Archambeau assumed her position on the board this month, bringing deep expertise as a seasoned CEO and public company board leader to her role.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240423547241/en/

Archambeau brings to the board over 30 years of experience building and scaling business-to-consumer and business-to-business brands in the technology industry, with expertise in governance, risk and compliance, marketing and entrepreneurship. She is a senior executive mentor with the ExCo Group and currently serves on the boards of Verizon Communications Inc. (NYSE: VZ), where she chairs the Corporate Governance and Policy Committee; Roper Technologies, Inc. (NYSE: ROP), where she chairs the Nominating and Governance Committee; Okta, Inc. (NASDAQ: OKTA); and two national non-profits, Catalyst Inc. and Braven, Inc. She previously served on the boards of Nordstrom, Inc. (NYSE: JWN) and Arbitron Inc. (acquired by Nielsen Holdings N.V.).

She is the former CEO of MetricStream, Inc., a Silicon Valley-based software company, where she led the company’s transformation into a leader in governance, risk and compliance solutions. She also previously served as the Chief Marketing Officer and Executive Vice President of Sales at NorthPoint Communications, and Executive Vice President of Sales & Marketing at Loudcloud, as well as the President of Blockbuster.com, where she launched the entertainment retailer’s first online presence. Archambeau has significant expertise with integrated enterprise risk management, regulatory compliance functions and quality, as well as vendor and audit management software solutions across a wide range of industries.

“We are honored to welcome Shellye to the board and look forward to working with her to further our purpose of transforming the cold chain to help feed the world,” said Greg Lehmkuhl, President and CEO of Lineage. “With her proven and accomplished track record of building industry-leading organizations and high-performance teams, Shellye’s extensive experience will be instrumental in supporting Lineage’s strategic initiatives.”

“I am thrilled to join the board of directors and be part of a team dedicated to creating a more innovative and sustainable cold chain at a time when global access to safe, reliable food is increasingly vital,” said Archambeau. “I look forward to working with the leadership team to help further Lineage’s support of communities worldwide.”

About Lineage

Lineage, Inc. is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage companies to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.

Lineage today announced the appointment of Shellye Archambeau to the Board of Directors of Lineage’s operating subsidiary, Lineage Logistics Holdings, LLC. Archambeau assumed her position on the board this month, bringing deep expertise as a seasoned CEO and public company board leader to her role. (Photo: Business Wire)

Lineage today announced the appointment of Shellye Archambeau to the Board of Directors of Lineage’s operating subsidiary, Lineage Logistics Holdings, LLC. Archambeau assumed her position on the board this month, bringing deep expertise as a seasoned CEO and public company board leader to her role. (Photo: Business Wire)

The Miami Dolphins have agreed with quarterback Tua Tagovailoa on a four-year contract extension valued at a franchise-record $212.4 million, a person with knowledge of the deal said Friday.

At an average of $53.1 million per year, Tagovailoa will rank third in the NFL in quarterback pay behind Jacksonville's Trevor Lawrence and Cincinnati's Joe Burrow. The deal includes $167 million guaranteed, eighth most among quarterbacks, said the person, who spoke on condition of anonymity because they were not at liberty to publicy discuss the details.

ESPN first reported the extension, attributing the terms to the agency that represents Tagovailoa, Athletes First.

The Dolphins did not announce the extension, though the team did post a video of Tagovailoa on social media Friday afternoon.

Tagovailoa was still playing under the contract he signed when the Dolphins made him the fifth overall selection of the 2020 draft. Tagovailoa was looking for a contract similar to those signed by Burrow and Justin Herbert, who were drafted the same year. After their rookie deals, Burrow and Herbert signed multiyear contracts in excess of $200 million.

Throughout negotiations, Tagovailoa participated in the team’s offseason workouts and participated in parts of the first few days of training camp. He was a full participant on Friday.

Tagovailoa, who sustained multiple concussions his first three NFL seasons, positioned himself for a big pay bump with an injury-free and productive 2023. He threw for 29 touchdowns and a league-best 4,624 yards.

The Dolphins reached the postseason but were eliminated in the first round by eventual Super Bowl champion Kansas City, extending to 24 years their stretch without a playoff win.

The contract extension will keep Tagovailoa with Miami through 2028.

AP NFL: https://apnews.com/hub/NFL

Miami Dolphins quarterback Mike White, left, talks with quarterback Tua Tagovailoa (1) during NFL football training camp, Wednesday, July 24, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)

Miami Dolphins quarterback Mike White, left, talks with quarterback Tua Tagovailoa (1) during NFL football training camp, Wednesday, July 24, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)

Miami Dolphins quarterback Tua Tagovailoa (1) talks with head coach Mike McDaniel, right, during NFL football training camp, Wednesday, July 24, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)

Miami Dolphins quarterback Tua Tagovailoa (1) talks with head coach Mike McDaniel, right, during NFL football training camp, Wednesday, July 24, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)

Miami Dolphins quarterback Tua Tagovailoa (1) does drills during NFL football training camp, Wednesday, July 24, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)

Miami Dolphins quarterback Tua Tagovailoa (1) does drills during NFL football training camp, Wednesday, July 24, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)

Miami Dolphins quarterback Tua Tagovailoa (1) does drills during NFL football training camp, Wednesday, July 24, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)

Miami Dolphins quarterback Tua Tagovailoa (1) does drills during NFL football training camp, Wednesday, July 24, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky)

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