C.H. Robinson Worldwide Inc
CHRW: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $61.00 | Kxk | Jrfkscdfl |
C.H. Robinson: Hires Ford Exec as New CEO in Surprising Move
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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.