J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) of Lowell on Thursday announced that Brad Delco had been named CFO and executive vice president of finance effective Sept. 1.
He follows John Kuhlow, who has held the role for nearly five years. Kuhlow will shift to a role as will serve as chief accounting officer.
Delco joined J.B. Hunt in 2019 as vice president of finance. He became senior vice president of finance in 2022.
In those roles, Delco has been responsible for the oversight and management of all investor relations activities for the company, J.B. Hunt said in a news release. He also led the company’s corporate development, financial planning and analysis efforts and was active in the company’s environmental, social and governance strategies.
In addition, Delco oversaw J.B. Hunt’s innovative ideation program to find, foster and follow employee-submitted ideas.
Prior to joining J.B. Hunt, Delco spent 14 years at Stephens Inc. of Little Rock, working in both corporate finance and equity research roles, primarily covering the transportation industry.
“Brad’s deep background in finance and capital markets, coupled with his transportation industry knowledge, continues to fuel our financial strategy as we look toward disciplined future growth and greater returns on our strategic investments,” Shelley Simpson, president and CEO, said in the release. “Our entire organization is focused on operational excellence, cost discipline and scaling our investments. This change will align our leadership strengths to support our continued focus on driving results that deliver shareholder value.”
J.B. Hunt in July reported falling second-quarter profit and rising expenses. Net income was $128.6 million, down 5.3 % from $135.9 million in the second quarter of 2024. The trucking and logistics company posted revenue of $2.93 billion, flat compared to a year ago.
Shares of the company closed at $143.40 on Thursday. Over the past 12 months, shares were down more than 18%.
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