Excellence In Transportation

Meet Our Management Team

Our Leadership

Thomas L. Teague

President and CEO Salem Corporation

Tom was born in Burlington, NC. As the son of a tenant farmer, he learned at an early age the importance of hard work and doing your best regardless of the challenge. In 1966, he was hired to develop the full service leasing business for one the largest Mack dealerships in the country. In 1975, the leasing company was acquired by a publicly traded company led by Ken Langone. In 1986, Salem's principal owners acquired the public ownership. Although Tom's objective is to be the best, not the biggest, his dedication and leadership has helped Salem to grow to be one of the largest privately held transportation companies in the country.

After entering the full service leasing business, Salem joined the National Truck Leasing System (NationaLease) and has always been an active member, with Tom's having served as chairmain of NationaLease's board of directors. He is a partner in Invemed Associates, a New York investment banking firm. He currently serves as a director of Rural Media Group, Inc. and Joyce Foods, Incorporated. He has previously served on the boards of Professional Bull Riders, Inc., Baby Superstore, Inc., and Congressional Sportsmen's Foundation and as a member of the Board of Visitors of the Wake Forest University Baptist Medical Center.

As a hands-on leader, who takes pride in Salem's reputation and its commitment to service, Tom is always available for a customer, no matter how large or small.

Kenneth Langone


Kenneth Langone is the founder and Chief Executive Officer of Invemed Associates LLC., a New York Stock Exchange member firm specializing in healthcare and high technology companies. He received a BA from Bucknell University and an MBA from New York University’s Stern School of Business; he remains active with both institutions currently serving on the board of overseers of the Stern School and on the board of trustees of New York University as well as chairman of the Trustees of New York University Medical Center.

In April 2008, the medical center was renamed the NYU Langone Medical Center reflecting a major gift from Elaine and Ken. He was a member of the Bucknells University Board of Trustees where he served as Chairman of its nominating committee, its endowment and as a member of its executive committee. He is a co-founder of The Home Depot. and was lead director and a member of the executive committee of its board since it was founded in 1978 until 2008 and a co-owner of Salem Leasing Corp., a full service truck leasing and surface transportation company.

He also serves on the boards of Unifi, Inc., Micell Technologies, Relationship Sciences and Juice Press. In addition, he is Vice Chairman of the Center for Strategic and International Studies, and he serves on the boards of St. Patrick’s Cathedral, The Ronald McDonald House of NY, The Medal of Honor Foundation, Horatio Alger Society Foundation and the Harlem Children’s Zone and it’s charter school, The Promise Academy.

Dennis Giff

Executive Vice President, General Manager

Dennis joined the Salem Leasing team in 1995 and served as Vice-President and Controller for sixteen years. In 2010, he was promoted to the position of Executive Vice-President and General Manager. He graduated with a Bachelor's Degree in Accounting from Appalachian State University in 1986 after which he worked at Ernst & Young LLP for nine years with a focus in transportation. He is proud to be associated with such a talented team that is passionate about their work and has contributed to Salem being one of the most respected transportation companies in the country. Dennis has served on the Appalachian State University Alumni Council, as a leader in Trail Life USA and volunteers in various community service projects through his church.

C. Stephen Dula

Senior Vice President, Chief Financial Officer

C. Stephen Dula has been with Salem Leasing for 36 years. Steve has proven to be a strong CFO and has developed an outstanding financial structure to manage Salem’s financial requirements. He believes in Salem's mission of giving back to the community that supports it—he has served as the President of the Board of Directors of the Piedmont Opera, the Northern Carolina Chapter of Financial Executives International, and as Chairman of the Finance Committee of his church. He graduated from both Duke University and the Amos Tuck School of Business Administration at Dartmouth College. 

Ken Teague

Vice President of Account Management

Ken has been with Salem for seven years and is the son of Tom Teague, Salem President. Ken graduated from Bucknell University, where he studied International Relations and Economics. If you have had customer interactions with Salem in the past, you've probably talked to Ken—he is involved in all aspects of account management. He prides himself on the company's reputation for strong and scalable customer service. He takes customer service very seriously and understands the meaning of exceeding customer expectations regardless of the company size.

Lacy Teague

Executive Vice President of Sales (Texas)

Lacy has been with Salem for six years and is the son of Tom Teague Salem President. His focus is on building new accounts in the Texas and Southwest market. Lacy graduated from Texas A&M. He follows Salem's enduring legacy of customer service, evidenced by being honored three times as Nationalease's top salesman. He’s known for going that extra mile to insure the customer is properly served. Lacy is always thinking ahead when it comes to serving the customers in his area of responsibility.

Scott R. O'Brien

Vice President of Business Development for Salem Carriers

Scott has 15 years working with Salem Carriers and has held a number of positions during that time. He graduated with a BBA from Iowa State University. Scott serves a critical role for Salem in developing new business opportunities and expanding the customer base. Focused on professional service and always mindful of his community, he has a long history of being involved with his city's youth sports programs. Scott feels it’s important to use one’s time and talent to make a positive difference in the community

Doug Chase


Doug has served the Salem organization for 11 years. He has worked his way up through the financial organization to Controller, where he is responsible for all financial statements, audit reporting and overall administrative functions. He holds a BS in finance from Butler University. He is a mainstay at his community's YMCA where he is an Official for the local and national swimming programs. He sees his community involvement as an important role in giving back.

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We are pleased with the relationship we share with Salem. I view our relationship more as a partnership. Our customers operate on a just in time inventory system so they depend on us to deliver when we say we are. This cannot be done with inoperable equipment. The Salem team is very attentive to our needs on all levels. The service provided has allowed us to be recognized as one of the top performing distribution centers in our system. I have worked with a lot of maintenance providers in my past and Salem ranks as one of the top I have had the pleasure of working with.

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