Nexterus announces retirement of CEO

New Freedom-based Nexterus, a supply-chain management and third-party logistics (3PL) services provider, recently announced that Sam Polakoff, CEO and third generation owner, will retire Dec. 31 after 49 years with the company.

Polakoff will be succeeded by his son Ryan Polakoff, the company’s current president.

“It has been the highest honor imaginable to have proudly served our family business for nearly 50 years,” Sam Polakoff said. “I am thrilled to be able to transition the company to my son, Ryan, who will most assuredly take the company to the next level.”

Sam Polakoff took over from his father in 1999. He began his career in 1975. Achievements include the company’s first sales and marketing effort, the country’s first privately held freight payment service, launching an internal information technology department, creation of one of the industry’s earliest transport management software products, and supply chain software and consulting.

As CEO, Polakoff led the company through an aggressive period of growth. This included the purchase of two international customs brokerages/freight forwarders, rebranding the company TBB Global Logistics to Nexterus.

Polakoff will continue to serve as chairman of the board.

The company formerly was headquartered in Maryland. It maintains sales offices in Boston, Mass., Chicago, Ill., Charlotte, N.C., Orlando, Fla., Sacramento, Calif., and Portland, Ore.

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