J.B. Hunt Adds Former Kansas City Southern President and CEO Patrick Ottensmeyer to Board of Directors
16 Gennaio 2024 - 10:40PM
Business Wire
Third new board member since 2021 follows the
addition of Persio Lisboa and Thad Hill
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the
largest supply chain solutions providers in North America, today
announced that Patrick Ottensmeyer has been elected the newest
member of its board of directors, effective January 12, expanding
the board to 10 total board seats.
Ottensmeyer brings more than 17 years of rail industry
experience to the company’s board. He served as president and CEO
of Kansas City Southern (KCS), a Class I railroad, from 2015 to
2023, until the completion of the merger creating Canadian Pacific
Kansas City (CPKC) in 2023. From 2008 to 2015, he was executive
vice president of sales and marketing at KCS and served as
executive vice president and Chief Financial Officer at the
railroad from 2006 to 2008.
Ottensmeyer served as the U.S. Chairman of the U.S. Chamber of
Commerce’s U.S.-Mexico Economic Council (USMXECO) from 2019 to
2023. In this role as leader of the U.S.-Mexico CEO Dialogue, he
was instrumental in representing business interests during the
formation of the United States-Mexico-Canada Agreement (USMCA) from
2017-2020. He currently serves on the board of directors for the
U.S. Chamber of Commerce; for The Greenbrier Companies, a leading
international supplier of equipment and services to global freight
transportation markets; and for Watco Companies, a single-source
transportation and supply chain services company with locations
throughout North America and Australia. Ottensmeyer is co-chair of
the Brookings Institute USMCA Initiative and chair of the Truman
Library Institute. He received the North American Rail Shippers
Association Edward R. Hamberger Lifetime Achievement Award in 2023
and was the recipient of Ingram’s Executive of the Year Award the
prior year. Also in 2022, he and Keith Creel, then president and
Chief Executive Officer of Canadian Pacific (CP), won Railway Age’s
Co-Railroaders of the Year Award, in connection with the CP and KCS
merger. He received the Railway Age Railroader of the Year
recognition for the first time in 2020 and was recipient of
Progressive Railroading’s Railroad Innovator Award in 2019.
Ottensmeyer is the third new board member since 2021 for J.B.
Hunt and will serve on the board’s Compensation Committee and
Nominating and Governance Committee. Last year, Persio Lisboa
joined the board following his retirement in 2021 as president and
CEO of Navistar, Inc., a global original equipment manufacturer in
the transportation industry. His 35-year career included extensive
senior executive experience with Navistar. Prior to his top
leadership role, Lisboa served as executive vice president and
Chief Operating Officer from March 2017 to July 2020 and president,
operations from November 2014 to February 2017. He was named the
company’s Chief Procurement Officer in 2011 and vice president of
purchasing and logistics in 2008. Prior to these roles, Lisboa held
multiple management positions within Navistar’s North American and
South American operations.
Thad Hill was elected to the board in 2021. Hill is CEO of
Calpine Corporation (Calpine), one of the nation’s largest
independent competitive power companies operating power plants and
retail businesses in 22 states and Ontario, Canada. Hill has led
Calpine since 2014, when he was promoted from president and Chief
Operating Officer to his current position. Prior to joining
Calpine, Hill was Executive Vice President of NRG Energy and
president of NRG Texas, where he was responsible for NRG’s largest
regional business.
The Board of Directors of J.B. Hunt Transport Services Inc. is
composed of individuals with a variety of business and financial
experience and backgrounds who represent the balanced interest of
stockholders. Nominees for Directors are selected on the basis of,
among other criteria, relevant business and financial expertise and
experience, including the highest character and integrity, and
freedom from conflicts of interest that would interfere with
performance as a director. The Board maintains diversity in both
gender and ethnic representation by selecting Directors whose
backgrounds, attributes and experiences will contribute to the high
standards of board service to the company. More information about
the company’s governance is available at investor.jbhunt.com.
About J.B. Hunt
J.B. Hunt Transport Services Inc. is on a mission to create the
most efficient transportation network in North America. The
company’s industry-leading solutions and mode-neutral approach
generate value for customers by eliminating waste, reducing costs
and enhancing supply chain visibility. Powered by one of the
largest company-owned fleets in the country with more than 163,000
pieces of trailing equipment and third-party capacity through its
J.B. Hunt 360°® digital freight marketplace, J.B. Hunt can meet the
unique shipping needs of any business, from first mile to final
delivery, and every shipment in-between. Through disciplined
investments in its people, technology and capacity, J.B. Hunt is
delivering exceptional value and service that enable long-term
growth for the company and its stakeholders.
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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version on businesswire.com: https://www.businesswire.com/news/home/20240116860960/en/
Brad Delco Senior Vice President – Finance
investors@jbhunt.com
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