MINNEAPOLIS--(BUSINESS WIRE)--
C.H. Robinson (NASDAQ: CHRW) announced today that Robert (“Bob”)
Biesterfeld, currently the Company's Chief Operating Officer, has been
named Chief Executive Officer. As part of a long-planned succession
process managed by C.H. Robinson’s Board of Directors, Biesterfeld was
named COO in March 2018. Biesterfeld has also been nominated to stand
for election to the C.H. Robinson Board of Directors. Current Chairman
and CEO John Wiehoff will remain Chairman of the Board following this
succession. Scott Anderson, current C.H. Robinson Board member, will
become the Lead Independent Director. All moves will become effective on
May 9, 2019, coinciding with our annual meeting of shareholders.
“On behalf of the Board of Directors, I would like to congratulate Bob
on this career achievement. Bob is an exceptional leader who is
committed to C.H. Robinson’s culture and core values. We are confident
in his ability to extend Robinson’s long track record of success,” said
Anderson. “We would also like to thank John for his extraordinary
leadership as CEO of Robinson over the past 17 years. During his tenure
as CEO, C.H. Robinson total revenues have increased over 500 percent to
$16.6 billion. This strong performance has translated into strong stock
price performance, with annualized total shareholder returns of 13% over
the past 17 years. Most importantly, John has built a strong culture of
performance and a team of talented employees that provide industry
leading logistics expertise to our customers and carriers.”
“Our success at Robinson has always been driven by our people,
processes, and technology,” Wiehoff said. “The Board and I are confident
Bob is the right person to lead our accelerating investments in each of
these areas. During his almost two decades at Robinson, Bob has
consistently demonstrated deep industry knowledge, strategic vision, and
a passion for delivering results. He has been the driving force behind
our digital transformation efforts, accelerating the pace of innovation
and technology deployment across our platform. He is an established
leader with the right experiences and skills for the next chapter of
Robinson.”
Biesterfeld, 43, has been with C.H. Robinson for 20 years. Prior to
becoming COO in March 2018, he was President, North America Surface
Transportation. Biesterfeld also served as Vice President, Truckload and
Vice President, Robinson Fresh. He started his career in Robinson Fresh
in 1999. Biesterfeld received his undergraduate degree from Winona State
University. Demonstrating his commitment to community and the industry,
Biesterfeld serves on the Board of Winona State University Foundation
and the board of the Transportation Intermediaries Association.
“I am honored to have the opportunity to lead and to serve our more than
15,000 employees across the globe,” said Biesterfeld. “C.H. Robinson has
always led the industry through our talented people and high performing
culture, and we will continue to combine that with a focus on driving
innovation and digital transformation. We are accelerating our
investments in emerging technology to further transform how we create
value within our global ecosystem of over 124,000 customers and 76,000
active contract carriers. I am highly confident we will leverage our
experience and scale to provide an unmatched information advantage for
our customers, carriers and employees, and continue to deliver strong
returns to our shareholders.”
About C.H. Robinson
At C.H. Robinson, we believe in
accelerating global trade to seamlessly deliver the products and goods
that drive the world’s economy. Using the strengths of our knowledgeable
people, proven processes, and global technology, we help our customers
work smarter, not harder. As one of the world’s largest third-party
logistics providers (3PL), we provide a broad portfolio of logistics
services, fresh produce sourcing and managed services for more than
124,000 customers and 76,000 active contract carriers through our
integrated network of offices and over 15,000 employees. In addition,
the company, our Foundation and our employees contribute millions of
dollars annually to a variety of organizations. Headquartered in Eden
Prairie, Minnesota, C.H. Robinson (CHRW) has been publicly traded on the
NASDAQ since 1997. For more information, visit http://www.chrobinson.com
or view our company
video.
Source: C.H. Robinson
CHRW-IR
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FOR INVESTOR INQUIRIES, CONTACT:
Robert Houghton, Vice
President – Investor Relations and Treasury
Email:robert.houghton@chrobinson.com
FOR MEDIA INQUIRIES, CONTACT:
Kristin Marchiafava, Director
of Public Relations
Email:kristin.marchiafava@chrobinson.com
Source: C.H. Robinson