J.B. Hunt Announces Executive Leadership Changes
J.B. Hunt Transport Services announced key executive leadership changes effective December 1. Nick Hobbs, while continuing as Chief Operating Officer, will become President of Highway and Final Mile Services. Brad Hicks has been appointed President of Dedicated Contract Services, and David Keefauver has been named Executive Vice President of People. These changes aim to align executive strengths and experience to capture additional market share and maximize returns on strategic investments as the company prepares for normalized seasonal demand patterns. All three executives will report to President and CEO Shelley Simpson.
J.B. Hunt Transport Services ha annunciato importanti cambiamenti nella leadership esecutiva a partire dal 1 dicembre. Nick Hobbs, continuando come Chief Operating Officer, assumerà il ruolo di Presidente dei Servizi Autostradali e del Trasporto Finale. Brad Hicks è stato nominato Presidente dei Servizi Contrattuali Dedicati, e David Keefauver è stato nominato Vice Presidente Esecutivo delle Persone. Questi cambiamenti mirano ad allineare le forze e l'esperienza esecutiva per catturare ulteriore quota di mercato e massimizzare i ritorni sugli investimenti strategici mentre l'azienda si prepara per modelli di domanda stagionale normalizzati. Tutti e tre gli esecutivi riporteranno al Presidente e CEO Shelley Simpson.
J.B. Hunt Transport Services anunció cambios clave en el liderazgo ejecutivo que entrarán en vigor el 1 de diciembre. Nick Hobbs, además de continuar como Director de Operaciones, se convertirá en Presidente de Servicios de Carretera y Última Milla. Brad Hicks ha sido nombrado Presidente de Servicios de Contrato Dedicado, y David Keefauver ha sido nombrado Vicepresidente Ejecutivo de Personas. Estos cambios tienen como objetivo alinear las fortalezas y la experiencia ejecutiva para capturar una mayor participación de mercado y maximizar los retornos sobre las inversiones estratégicas mientras la empresa se prepara para patrones de demanda estacional normalizados. Los tres ejecutivos reportarán a la Presidenta y CEO Shelley Simpson.
J.B. Hunt Transport Services는 12월 1일부터 시행되는 주요 경영진 리더십 변화를 발표했습니다. Nick Hobbs는 최고 운영 책임자로 계속 활동하면서 고속도로 및 마지막 마일 서비스의 사장이 됩니다. Brad Hicks는 전담 계약 서비스의 사장으로 임명되었고, David Keefauver는 인사 부사장으로 임명되었습니다. 이러한 변화는 경영진의 강점과 경험을 정렬하여 시장 점유율을 추가로 확보하고 전략적 투자에 대한 수익을 극대화하는 것을 목표로 하며, 회사가 정상화된 계절 수요 패턴에 대비할 수 있도록 합니다. 세 명의 경영진 모두 사장兼 CEO인 셀리 심슨에게 보고합니다.
J.B. Hunt Transport Services a annoncé des changements importantes dans la direction exécutive, effectifs à partir du 1er décembre. Nick Hobbs, tout en continuant en tant que Directeur des Opérations, deviendra Président des Services Routiers et de Dernière Pile. Brad Hicks a été nommé Président des Services Contrats Dédiés, et David Keefauver a été désigné Vice-Président Exécutif des Ressources Humaines. Ces changements visent à aligner les forces et l'expérience exécutive afin de capter une part de marché supplémentaire et de maximiser les retours sur investissements stratégiques alors que l'entreprise se prépare pour des modèles de demande saisonnière normalisés. Les trois dirigeants feront rapport à la Présidente et CEO Shelley Simpson.
J.B. Hunt Transport Services hat wesentliche Änderungen in der Führungsetage bekannt gegeben, die am 1. Dezember wirksam werden. Nick Hobbs wird weiterhin als Chief Operating Officer tätig sein und zusätzlich Präsident der Straßen- und Letzte-Meile-Dienste werden. Brad Hicks wurde zum Präsidenten der Dedizierten Vertragsdienste ernannt, und David Keefauver wurde zum Executive Vice President für Personal ernannt. Diese Änderungen zielen darauf ab, die Stärken und Erfahrungen der Führungskräfte abzustimmen, um zusätzliche Marktanteile zu gewinnen und die Renditen strategischer Investitionen zu maximieren, während sich das Unternehmen auf normalisierte saisonale Nachfrageverhältnisse vorbereitet. Alle drei Führungskräfte berichten an die Präsidentin und CEO Shelley Simpson.
- Strategic realignment of experienced executives with 25+ years tenure each
- Positioning for market share expansion and improved returns on investments
- Maintaining operational continuity with internal promotions
- Current challenging market dynamics requiring organizational restructuring
Moves to align strengths, experience and address market potential
- Nick Hobbs, continuing his duties as Chief Operating Officer, has been named President of Highway and Final Mile Services® (FMS)
- Executive Vice President Brad Hicks has been named President of Dedicated Contract Services® (DCS®)
- David Keefauver has been named Executive Vice President of People
“We are in a position to deliver exceptional value for our customers and shareholders throughout our full suite of services, and these changes align the strengths and experience of our executives to lead and grow these services into the future,” said Shelley Simpson, president and CEO. “As we navigate current market dynamics and prepare for a return to more normal seasonal demand patterns, we anticipate a large addressable opportunity to capture additional market share and see greater returns on our strategic investments.”
Nick Hobbs will become President of Highway and FMS, in addition to remaining Chief Operating Officer. As President of Highway Services, Hobbs will oversee the company’s Integrated Capacity Solutions (ICS) and Truckload (JBT) business units. His steady and disciplined approach led DCS and FMS to premier status as providers for private fleet replacement and big and bulky services. Hobbs recently celebrated 40 years with the company.
As COO, Hobbs will continue to collaborate with all division operators to align the company’s Customer Value Delivery® efforts across our organization and oversee the company’s maintenance and safety performance, led by Greer Woodruff, EVP of Safety, Sustainability and Maintenance. Eric McGee and Brian Webb will remain in their current roles as EVP of Highway Services and EVP of FMS, respectively, and support Hobbs in the leadership of these business units.
Brad Hicks will assume the role of President of Dedicated Contract Services, having spent more than 25 years working across the company’s DCS segment, and will focus on expanding the business unit’s future market size opportunity. Previously serving as President of Highway Services, Hicks also served as Executive Vice President of DCS from 2017 to 2020, strengthening relationships with existing customers and driving new business opportunities. In his role as EVP of People, he also led the company’s efforts to support employees through enhancements to our wellness and benefits, career growth and an inclusive culture. Hicks has 28 years of experience with the company.
David Keefauver has been named EVP of People, bringing his people-first mindset to a new role and driving greater efficiencies across the organization’s personnel groups. Previously EVP of DCS, Keefauver has consistently leveraged his extensive operations experience, people leadership skills and focus on operational excellence to drive new growth. His leadership across DCS served customers with specialized equipment, qualified drivers and unmatched market density. Beginning his career with the company as a manager trainee, Keefauver has over 29 years of experience at J.B. Hunt.
The new positions will be effective December 1. All three executives will report to President and CEO Shelley Simpson.
“As we prepare for an eventual turn in the freight market, we have focused our entire organization on being operationally excellent and scaling our long-term investments to enable our company to generate appropriate returns that deliver shareholder value. The strength and resiliency of our organization is supported by our mode neutral approach and the consistency, tenure and expertise of our people and executive leadership team, and these moves address the potential we see across the company as we move into 2025,” said Simpson.
This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2023. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available to interested parties on our website, www.jbhunt.com.
About J.B. Hunt
J.B. Hunt’s vision is to create the most efficient transportation network in
J.B. Hunt Transport Services Inc. is a Fortune 500 company, an S&P 500 company and a component of the Dow Jones Transportation Average. Its stock trades on NASDAQ under the ticker symbol JBHT. J.B. Hunt Transport Inc. is a wholly owned subsidiary of JBHT. The company’s services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, last mile, transload and more. For more information, visit www.jbhunt.com.
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Brad Delco
Senior Vice President – Finance
investors@jbhunt.com
Brittnee Davie
Vice President – Marketing
press@jbhunt.com
Source: J.B. Hunt Transport Services Inc.
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