Saturday, December 2, 2023

Exclusive-C.H. Robinson closes in on naming Barber as new CEO By Reuters

© Reuters.

By Svea Herbst-Bayliss

NEW YORK (Reuters) – C. H. Robinson Worldwide, the most important U.S. freight dealer, is in superior talks to call former United Parcel Service Inc (NYSE:) chief working officer Jim Barber as chief govt officer after the departure of Bob Biesterfeld, two sources accustomed to the discussions stated.

Barber, who spent practically 35 years working at package deal supply firm UPS earlier than retiring in early 2020, joined the C.H. Robinson board as a director late final yr.

He would take the highest job after Biesterfeld, who had been with the corporate for 2 dozen years and served as CEO for 3-1/2 years, was fired. A regulatory submitting in early January described Biesterfeld’s departure as an “involuntary termination by the corporate.”

Barber couldn’t be reached for remark and the corporate didn’t reply to a request for remark. The sources spoke in regards to the CEO choice course of on the situation of anonymity to explain non-public discussions.

The corporate tapped Scott Anderson, who had been the corporate’s board chair, as its interim CEO. Search agency Russell Reynolds was employed to discover a everlasting substitute and Anderson signaled he was not within the place, the submitting stated.

Roughly a yr in the past Ancora Advisors reached an settlement with the corporate, which is valued at $12 billion, for 2 board seats in return for not launching a board problem. As a part of the settlement the corporate agreed to type a strategic planning committee.

Final yr Reuters reported that Danish transport and logistics firm DSV A/S was fascinated about shopping for C.H. Robinson’s enterprise unit that focuses on arranging worldwide cargo transport on behalf of shippers.

From the start, Barber has been seen as a powerful CEO candidate, traders stated and business analysts wrote in notes after he was appointed to the board. He spent a number of years as President of UPS’ worldwide operations.

Supply hyperlink

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -spot_img

Latest Articles