C.H. Robinson CEO Bob Biesterfeld steps down; Scott Anderson named interim CEO

C. H. ROBINSON WORLDWIDE, INC.

Bob Biesterfeld stepped down as President & CEO and director effective Dec 31, 2022; termination was without cause, triggering severance benefits.
Scott Anderson appointed Interim CEO effective Jan 1, 2023; Board has commenced a permanent CEO search with Russell Reynolds.
Interim CEO Anderson's compensation: $1.1M base salary, 155% target bonus, and $2.5M RSU grant vesting in one year.
COO Arun Rajan gets base salary increase to $910K, 120% bonus target, $4M LTIP, and $3.5M retention RSUs.
Jodee Kozlak named independent Board Chair; Kermit Crawford appointed Governance Committee Chair.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jodee Kozlak

independent Chair of the Board

CHRW · C. H. ROBINSON WORLDWIDE, INC.

Effective: 2023-01-01
Filed: January 3, 2023, 6:59 PM ET

The independent directors of the Board appointed Jodee Kozlak as independent Chair of the Board, effective January 1, 2023.

Role change (interim)

Scott Anderson

Interim Chief Executive Officer

CHRW · C. H. ROBINSON WORLDWIDE, INC.

Effective: 2023-01-01
Successor: Jodee Kozlak
Filed: January 3, 2023, 6:59 PM ET

the independent directors of the Board of Directors (the “Board”) appointed Scott Anderson, who previously served as independent Chair of the Board, as Interim Chief Executive Officer (“CEO”), effective January 1, 2023.

Departed

Bob Biesterfeld

President and Chief Executive Officer

CHRW · C. H. ROBINSON WORLDWIDE, INC.

Effective: 2022-12-31
Successor: Scott Anderson
Filed: January 3, 2023, 6:59 PM ET

Bob Biesterfeld stepped down as President and Chief Executive Officer and a director of the Company, effective at the end of December 31, 2022, and his employment terminated January 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jodee Kozlak was appointed as independent Chair of the Board at C. H. ROBINSON WORLDWIDE, INC..

Action: appointed
Role: independent Chair of the Board

Exact text from the filing

The independent directors of the Board appointed Jodee Kozlak as independent Chair of the Board, effective January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott Anderson was appointed as Interim Chief Executive Officer at C. H. ROBINSON WORLDWIDE, INC..

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

the independent directors of the Board of Directors (the “Board”) appointed Scott Anderson, who previously served as independent Chair of the Board, as Interim Chief Executive Officer (“CEO”), effective January 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Bob Biesterfeld departed as President and Chief Executive Officer at C. H. ROBINSON WORLDWIDE, INC..

Action: stepped down
Role: President and Chief Executive Officer

Exact text from the filing

Bob Biesterfeld stepped down as President and Chief Executive Officer and a director of the Company, effective at the end of December 31, 2022, and his employment terminated January 1, 2023.

View on SEC.gov

C. H. ROBINSON WORLDWIDE, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-000266

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