CEO Profile: John N. Roberts III of J.B. Hunt Transport Services Inc.

by Jan Cottingham  on Monday, Mar. 26, 2012 12:00 am  

J.B. Hunt has received a number of honors within the last 12 months.

  • Inbound Logistics named J.B. Hunt to its Top 75 Green Supply Chain Partners.
  • Inbound Logistics also named the company as a 2011 Top 100 Motor Carrier.
  • The company was recognized as a 2011 SmartWay Champion by the U.S. Environmental Protection Agency.
  • Wal-Mart Stores Inc. of Bentonville chose J.B. Hunt as Wal-Mart's 2011 Intermodal Carrier of the Year. Wal-Mart has chosen J.B. Hunt as Intermodal Carrier of the Year for 10 of the past 11 years.

And in November, J.B. Hunt announced that it had awarded $1 million to Crystal Bridges Museum of American Art in Bentonville, founded by Wal-Mart heiress Alice Walton and funded by the Wal-Mart Family Foundation. The gift was designated for the Next Generation Fund, an endowment that seeks to give members of the community increased access to the museum.

J.B. Hunt's strong showing - even during the Great Recession the company outperformed many other transportation concerns - helps explain Roberts' robust compensation package for 2011.

He received $5.35 million in total compensation during 2011, according to the company's proxy filed March 15. The proxy broke down the compensation like this: $549,019 in salary, J.B. Hunt shares valued at $4.37 million, non-equity incentive plan compensation of $412,500 and other compensation of $12,917. That other compensation consisted of $4,395 in legal and accounting fees and $8,522 in club dues.

Roberts was not a "named executive officer" during 2010, so his compensation for that year was not detailed.

The proxy reported Roberts owning 274,364 shares of J.B. Hunt stock. At J.B. Hunt's closing price of $54.64 as of March 16, that stock would be valued at a hair under $15 million.

 

 

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