leadership transition

Air Transport Services Group promotes Berger to CEO

Air Transport Services Group, the top air cargo partner for Amazon and largest global lessor of freighter aircraft, on Tuesday named Mike Berger, the current president, to replace Joe Hete as CEO seven months after Hete stepped in to stabilize the company’s finances and stock price during a transitional period.

Hete, who also serves as chairman, has been appointed executive chairman, which means he will continue to play a role in running the holding company. Jeffrey Dominick, who has served for...

https://www.freightwaves.com/news/air-transport-services-group-promotes-berger-to-ceo

Global Crossing Airlines changes CEO, cargo direction

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Miami-based startup Global Crossing Airlines will temporarily cap growth in its new freighter fleet...

https://www.freightwaves.com/news/global-crossing-airlines-changes-ceo-cargo-direction

Cargojet founder Virmani passes torch to co-CEOs

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Canada’s Cargojet announced Monday that founder Ajay Virmani is vacating his role as CEO, effective...

https://www.freightwaves.com/news/cargojet-founder-virmani-passes-torch-to-co-ceos

How much longer will being the ‘first woman’ CEO matter?

Cummins leadership transition announcement press conference

Jennifer Rumsey was the first female chief technology officer and first president and chief operating officer at Cummins Inc. Next week, she will become the $24 billion engine maker and power distribution company’s first female CEO. She is just the seventh in the company’s 103 years.
Should gender still matter or be mentioned in such appointments? Female leaders are becoming more common in corporate America. And yet …

“The unfortunate reality is it is still newsworthy because I’m the first woman....

https://www.freightwaves.com/news/how-much-longer-will-being-the-first-woman-ceo-matter

TuSimple may sell autonomous truck business in China to boost share price

TuSimple Holdings shares, battered since announcing a sudden leadership change earlier in March, rebounded Wednesday after Reuters reported the autonomous truck developer may offload its autonomous trucking business in China.

TuSimple (NASDAQ: TSP), which leads the commercialization of autonomous trucking in the U.S., hasn’t talked much about its China business, which focused on deepwater ports near Shanghai. TuSimple is in talks to sell the unit for up to $1 billion, Reuters said, citing three...

https://www.freightwaves.com/news/tusimple-may-sell-autonomous-truck-business-in-china-to-boost-share-price

Leathers named chairman at Werner; CL Werner is chairman emeritus

Derek Leathers new chairman at Werner

Transportation and logistics provider Werner Enterprises (NASDAQ: WERN) announced Tuesday after the market close that its board has approved a planned transition in leadership.

The company’s founder and former chairman, Clarence L. “CL” Werner, has been named chairman emeritus “in recognition of his longstanding leadership.”

Derek Leathers, CEO and president, has been appointed chairman of the board. He took on the role of vice chairman when the succession plan was announced nearly a year ago.

Leat...

https://www.freightwaves.com/news/leathers-named-chairman-at-werner-cl-werner-is-chairman-emeritus