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Todd Heeter is taking on the interim role of Chief Financial Officer and Treasurer of Hub Group, a U.S. logistics provider founded in 1971. This was announced on May 28, 2026. Heeter brings over 30 years of experience in finance and accounting. He founded Heeter Group, which provides CFO, Chief Accounting Officer, and strategic consulting services to companies in both the public and private sectors. Throughout his career, Heeter has worked as CFO in various industries, including distribution, financial services, healthcare, technology, and manufacturing, in both permanent and advisory roles.
With Heeter’s appointment, Kevin Beth is leaving his position as Executive Vice President, Chief Financial Officer, and Treasurer of the company. Brian Meents, who served as Executive Vice President and Chief Operating Officer, has also left the company. However, both will remain available to the company in an advisory capacity during a transition period.
Board members Peter McNitt and Gary Yablon emphasized the importance of the integrity of the company’s financial reporting for its ongoing success. As part of a review conducted under the leadership of the audit committee, corrective measures will be taken to improve financial reporting and make changes to the leadership team. The company plans to finalize its financial reports and ensure the timely filing of reports with the SEC.
David Yeager, Executive Chairman of Hub Group, expressed his appreciation for Heeter’s assumption of the CFO and Treasurer role during the transition period. He highlighted Heeter’s extensive experience in similar positions and the importance of collaborating with him and the team to continue serving the company’s customers and shareholders. Heeter’s appointment is initially for six months and may be extended at the company’s request. A search for a permanent CFO will be initiated with the support of a national recruiting firm.
Current Developments in Financial Reporting
Hub Group continues to work intensively on restating its previously issued financial reports for the years ending December 31, 2024, and 2023, as well as for the quarters ending March 31, 2025, June 30, 2025, and September 30, 2025. The company plans to file its Form 10-K for the year ending December 31, 2025, which will include the reported results for the years 2024 and 2023, as well as the Form 10-Q for the quarter ending March 31, 2026, by no later than September 14, 2026.
Phil Yeager (photo), President and CEO, stated that the company is focused on executing its strategy and serving its customers. In the second quarter of 2026, Hub Group experienced a successful bidding phase characterized by balanced demand trends and stronger pricing. Additionally, significant new business was acquired in logistics, while brokerage volumes reflected ongoing efforts to improve profitability and increase revenue per load. Yeager emphasized the strong customer relationships and market position of the company, which are intended to drive growth and enhance profitability.
