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CH Robinson will replace its retiring CFO, another shake-up in its C-suite after a difficult year for the stock market and others in the trucking industry.
Mike Zechmeister, who has served in the position since September 2019, will remain with the company until a successor is appointed, retiring by the end of May, the Minnesota-based the brokerage announced December 21.
“We greatly appreciate Mike’s dedication and contributions to Robinson over the past four years to ensure the company’s continued success,” President and CEO Dave Bozeman said in a statement.
The announced departure of the CFO follows Bozeman’s appointment as CEO by the company in June. Bozeman took over for Bob Biesterfeld, who was fired from the role on January 1, 2023.
The company is cutting costs and cutting headcount while navigating a weak freight market, which has remained throughout 2023 and many expect to remain through 2024 or longer.
Zechmeister’s career spans more than three decades, he says LinkedIn profile. He has served various financial executives and leadership roles in the food industry.
Prior to joining CH Robinson, Zechmeister spent nearly 26 years with food giant General Mills. He then spent four years as CFO for United Natural Foods Inc.
Zechmeister said he was proud of his work at CH Robinson, going through a period of unprecedented change.
“I am extremely proud of both the finance team and the finance leadership team for all that has been accomplished during our partnership,” Zechmeister said in a statement.