- U.S. freight broker C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) is reportedly in talks to appoint Jim Barber as its Chief Executive Officer, reported Reuters.
- Bob Biesterfeld stepped down as President and CEO and as a member of the Board, effective Dec. 31, 2022.
- Related: Logistics Solutions Provider CH Robinson Appoints Scott Anderson As Interim CEO
- Barber retired as the Chief Operating Officer for United Parcel Service, Inc. (NYSE:UPS) in January 2020. In this role, he was responsible for international operations, U.S. operations, freight forwarding, distribution and logistics, freight brokerage, customs brokerage and more.
- Barber spent about 35 years working for the package delivery company and retired in 2020. Barber joined the CHRW board as a director in late 2022.
- Price Action: CHRW shares are trading higher by 1.53% at $104.24 on the last check Thursday.
Lineage Cell Therapeutics, Longeveron And 2 Other Stocks Under $2 Insiders Are Buying
The Dow Jones index closed higher by around 25 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.
