C.H. Robinson Worldwide Inc

CHRW: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$98.00	Jck	Grnlgcqst

C.H. Robinson: Hires Ford Exec as New CEO in Surprising Move

Matthew Young

Jun 6, 2023

Freight brokerage giant C.H. Robinson Worldwide announced that it has hired Ford's vice president of customer service and enthusiast brands, Dave Bozeman, as its new chief executive. Robinson had fired Bob Biesterfeld as CEO in December, calling it an involuntary termination without cause. His departure was probably the result of pressure from activist investor Ancora, which we understand has been pushing for more rapid strategic changes amid slowing freight demand, particularly for the global air and ocean forwarding operations.

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