STOCK TITAN

C.H. Robinson Announces Chief Financial Officer Transition

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
C.H. Robinson Worldwide, Inc. (CHRW) announces the departure of CFO Mike Zechmeister and the commencement of a formal search for his successor. Zechmeister will remain with the company until a successor is named or no later than May 31, 2024, at which time he plans to retire. The company expresses gratitude for Zechmeister's contributions and leadership, highlighting the strong financial performance during his tenure.
Positive
  • None.
Negative
  • None.

EDEN PRAIRIE, Minn.--(BUSINESS WIRE)-- C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) today announced that Mike Zechmeister will be departing from his position as Chief Financial Officer. The company has commenced a formal search for his successor, and Zechmeister will remain with the company until a successor is named or no later than May 31, 2024, at which time Zechmeister plans to retire.

“We greatly appreciate Mike’s dedication and contributions to Robinson over the past four years to ensure the company’s continued success,” said Dave Bozeman, President and Chief Executive Officer. “During his tenure as CFO, Mike built a strong Finance organization that will continue to serve Robinson well. I am also personally grateful for Mike’s support, partnership and counsel as I stepped into this role this summer. We thank Mike for his leadership and wish him the best in his next chapter.”

“I’m extremely proud of both the Finance team and the Finance leadership team for all that has been accomplished during our time together,” Zechmeister said. “I’m honored to have served on the Senior Leadership Team at Robinson through an unprecedented period of change, which also included the top two years of financial performance in company history and over $3 billion of capital returned to shareholders. I am grateful for the opportunity to work with such a terrific team, and I look forward to spending more time with family and on other endeavors.”

About C.H. Robinson

C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $30 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 450,000 contract carriers on our platform. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com. (Nasdaq: CHRW)

CHRW-IR

FOR INVESTOR INQUIRIES, CONTACT:

Chuck Ives, Director of Investor Relations

Email: chuck.ives@chrobinson.com

FOR MEDIA INQUIRIES, CONTACT:

Duncan Burns, Chief Communications Officer

Email: PublicRelations@chrobinson.com

Source: C.H. Robinson

FAQ

Who is departing from C.H. Robinson Worldwide, Inc. (CHRW)?

Mike Zechmeister is departing from his position as Chief Financial Officer.

When will Mike Zechmeister depart from C.H. Robinson Worldwide, Inc. (CHRW)?

Zechmeister will remain with the company until a successor is named or no later than May 31, 2024, at which time he plans to retire.

Who will be departing from C.H. Robinson Worldwide, Inc. (CHRW)?

Mike Zechmeister, the Chief Financial Officer, will be departing.

What is the plan for finding a successor for the CFO position at C.H. Robinson Worldwide, Inc. (CHRW)?

The company has commenced a formal search for Mike Zechmeister's successor.

What did the company express about Mike Zechmeister's contributions?

The company expressed gratitude for Mike Zechmeister's dedication and contributions to Robinson over the past four years to ensure the company’s continued success.

What did Mike Zechmeister say about his time at C.H. Robinson Worldwide, Inc. (CHRW)?

Mike Zechmeister said he is extremely proud of both the Finance team and the Finance leadership team for all that has been accomplished during their time together.

What are Mike Zechmeister's future plans?

Mike Zechmeister plans to retire and spend more time with family and on other endeavors after departing from C.H. Robinson Worldwide, Inc. (CHRW).

C.H. Robinson Worldwide, Inc.

NASDAQ:CHRW

CHRW Rankings

CHRW Latest News

CHRW Stock Data

8.34B
116.45M
0.95%
96.05%
9.29%
Process, Physical Distribution, and Logistics Consulting Services
Professional, Scientific, and Technical Services
Link
United States of America
EDEN PRAIRIE

About CHRW

c.h. robinson helps companies simplify their global supply chains and understand their landed costs. to help build smarter, more competitive supply chains, skilled supply chain engineers and logistics employees combine a deep knowledge of market conditions, practical experience, and proven processes. from local truck transportation to global supply chain management systems, from produce sourcing to consulting based on practical experience and logistics outsourcing, c.h. robinson supplies a competitive advantage to companies of all sizes. integrated technology helps companies manage their supply chain spend. this technology gathers data from across the supply chain and provides global supply chain visibility.