Hub Group said Todd Heeter has been named interim chief financial officer and treasurer, replacing Kevin Beth, who departed the company along with chief operating officer Brian Meents. Both Beth and Meents will remain available on a consulting basis during a transition period.
The company said Heeter’s interim appointment is for an initial six-month term and may be extended. Hub Group has begun a search for a permanent CFO.
The leadership shakeup comes as the company continues its accounting review and restatement process. Hub Group said it is working to restate financial statements for 2024 and 2023, along with quarterly periods ended March 31, 2025, June 30, 2025 and September 30, 2025. It expects to file its 2025 Form 10-K, including restated results for 2024 and 2023, and its first-quarter 2026 Form 10-Q on or before Sept. 14, 2026.
On operations, the company said second-quarter 2026 business trends to date have included a successful bid season, balanced demand, stronger pricing and increased opportunity for over-the-road conversion. Hub Group also said it continued to add new logistics business, while brokerage volumes were shaped by efforts to improve profitability and raise revenue per load. Today the company's shares have moved -0.84% to a price of $43.48. For the full picture, make sure to review Hub's 8-K report.
