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C.H. Robinson (CHRW) Appoints David Bozeman as Its New CEO
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C.H. Robinson Worldwide (CHRW - Free Report) confirmed the appointment of David Bozeman as its next chief executive officer or CEO. Apart from being appointed as CEO, Bozeman will be a member of CHRW’s board. He will assume his new responsibilities from Jun 26.
The appointment of Bozeman to CHRW’s top post is hardly a surprise and was widely expected. His appointment at the helm of the freight broker concludes a six-month search for a permanent CEO, after Bob Biesterfeld stepped down on Dec 31, 2022.
From Jan 1, Scott Anderson has been serving as the interim CEO at C.H. Robinson. Anderson will continue as the interim CEO until Bozeman joins the Minnesota-based company. Bozeman and Anderson will work together to ensure a smooth transition of leadership. Anderson will continue to serve as a board member of CHRW.
Bozeman has more than three decades of administrative experience. Apart from his association with Ford (F - Free Report) , where he oversaw the overall business performance of some of the company’s most notable vehicle brands, he worked in various other notable companies like Caterpillar Inc. (CAT - Free Report) . At Caterpillar, Bozeman was the Senior Vice President, Enterprise Systems. In that capacity, he led the global manufacturing for CAT’s mining products.
Expressing delight at his appointment as CHRW’s CEO, Bozeman said, “It is an honor to be joining C.H. Robinson and to lead the next chapter of such an exceptional company. I look forward to working alongside a strong management team and with talented employees to deliver for our customers and accelerate the next phase of sustained growth and success.”
Zacks Rank and Stocks to Consider
Currently, C.H. Robinson carries a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors interested in the Zacks Transportation sector are Copa Holdings (CPA - Free Report) and Allegiant Travel Company (ALGT - Free Report) .
Copa Holdings, which currently sports a Zacks Rank #1 (Strong Buy), is benefiting from an improvement in air-travel demand. In first-quarter 2023, passenger revenues increased 28.5% from first-quarter 2019 levels due to higher yields. You can see the complete list of today’s Zacks #1 Rank stocks here.
CPA’s focus on its cargo segment is encouraging. In first-quarter 2023, this Latin American carrier’s cargo and mail revenues grew 51.8% from the first-quarter 2019 levels on higher volumes and yields.
Copa Holdings' fleet modernization and cost-management efforts are commendable. The Zacks Consensus Estimate for current-year earnings has been revised 21.3% upward over the past 60 days.
Allegiant, which presently flaunts a Zacks Rank #1, is seeing steady recovery in air-travel demand. In first-quarter 2023, this Las Vegas, NV-based company’s operating revenues grew 29.9% on a year-over-year basis. Passenger revenues, accounting for 93.7% of the top line, increased 31.3% on a year-over-year basis.
Allegiant's fleet-modernization efforts are encouraging. The Zacks Consensus Estimate for ALGT's current-year earnings has been revised upward by 42.6% in the past 60 days.
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C.H. Robinson (CHRW) Appoints David Bozeman as Its New CEO
C.H. Robinson Worldwide (CHRW - Free Report) confirmed the appointment of David Bozeman as its next chief executive officer or CEO. Apart from being appointed as CEO, Bozeman will be a member of CHRW’s board. He will assume his new responsibilities from Jun 26.
The appointment of Bozeman to CHRW’s top post is hardly a surprise and was widely expected. His appointment at the helm of the freight broker concludes a six-month search for a permanent CEO, after Bob Biesterfeld stepped down on Dec 31, 2022.
From Jan 1, Scott Anderson has been serving as the interim CEO at C.H. Robinson. Anderson will continue as the interim CEO until Bozeman joins the Minnesota-based company. Bozeman and Anderson will work together to ensure a smooth transition of leadership. Anderson will continue to serve as a board member of CHRW.
Bozeman has more than three decades of administrative experience. Apart from his association with Ford (F - Free Report) , where he oversaw the overall business performance of some of the company’s most notable vehicle brands, he worked in various other notable companies like Caterpillar Inc. (CAT - Free Report) . At Caterpillar, Bozeman was the Senior Vice President, Enterprise Systems. In that capacity, he led the global manufacturing for CAT’s mining products.
Expressing delight at his appointment as CHRW’s CEO, Bozeman said, “It is an honor to be joining C.H. Robinson and to lead the next chapter of such an exceptional company. I look forward to working alongside a strong management team and with talented employees to deliver for our customers and accelerate the next phase of sustained growth and success.”
Zacks Rank and Stocks to Consider
Currently, C.H. Robinson carries a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors interested in the Zacks Transportation sector are Copa Holdings (CPA - Free Report) and Allegiant Travel Company (ALGT - Free Report) .
Copa Holdings, which currently sports a Zacks Rank #1 (Strong Buy), is benefiting from an improvement in air-travel demand. In first-quarter 2023, passenger revenues increased 28.5% from first-quarter 2019 levels due to higher yields. You can see the complete list of today’s Zacks #1 Rank stocks here.
CPA’s focus on its cargo segment is encouraging. In first-quarter 2023, this Latin American carrier’s cargo and mail revenues grew 51.8% from the first-quarter 2019 levels on higher volumes and yields.
Copa Holdings' fleet modernization and cost-management efforts are commendable. The Zacks Consensus Estimate for current-year earnings has been revised 21.3% upward over the past 60 days.
Allegiant, which presently flaunts a Zacks Rank #1, is seeing steady recovery in air-travel demand. In first-quarter 2023, this Las Vegas, NV-based company’s operating revenues grew 29.9% on a year-over-year basis. Passenger revenues, accounting for 93.7% of the top line, increased 31.3% on a year-over-year basis.
Allegiant's fleet-modernization efforts are encouraging. The Zacks Consensus Estimate for ALGT's current-year earnings has been revised upward by 42.6% in the past 60 days.