Transportation and logistics provider ArcBest announced Thursday that finance veteran Matt Beasley will take over as chief financial officer on May 14. He will also retain his current role as the company’s treasurer.
Beasley has more than 20 years of experience in areas including investor relations, risk management and financial planning and analysis. Prior to joining ArcBest (NASDAQ: ARCB) a year ago, he held executive leadership positions in the energy infrastructure sector.
“Matt is a well-rounded and experienced leader who has positively impacted our organization, and I look forward to working closely with him as the next CFO,” said Judy McReynolds, ArcBest’s chairman, president and CEO. “Since joining ArcBest last year, Matt has become an invaluable contributor, and we will continue to leverage his experience and expertise as we advance our growth strategy.”
Beasley is credited with playing a key role in the company’s recent sale of FleetNet, an emergency roadside and preventive maintenance services provider, a news release stated. He has also been involved in credit facility negotiations and capital allocation planning.
Beasley will replace David Cobb, who has held the position since 2015. In December, ArcBest announced Cobb would retire in October and that it had launched a search for his replacement.
“On behalf of the ArcBest board and the entire team, we also thank David for his significant contributions over the last 17 years, and we wish him the very best in his retirement,” McReynolds said.
Cobb will serve in the role of senior adviser during the transition.
“I am excited for the opportunity to serve ArcBest as its next CFO,” Beasley said. “It’s an honor to be part of such a talented and dedicated team, and I look forward to working together as we build on our 100-year track record of success.”
More FreightWaves articles by Todd Maiden
- Yellow accuses Teamsters leadership of negotiating in ‘bad faith’
- Radiant Logistics completes restatement of financials
- Teamsters tell Yellow no more purchased transportation
Diesel fuel prices increase
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now