Ex-CEO of Kansas City Southern, Patrick Ottensmeyer, becomes a member of the J.B. Hunt board

To Spread This Post; Please Hit The Share Button!

J.B. Hunt Transport Services Inc. has appointed Patrick Ottensmeyer, a seasoned railroad executive with over 17 years of industry experience, to its board of directors, as announced in a press release on Tuesday, January 16. Ottensmeyer’s addition brings the board’s total membership to 10.

Having served as the president and CEO of Kansas City Southern from 2015 until the completion of the merger that formed Canadian Pacific Kansas City in 2023, Ottensmeyer assumed his role on the board on January 12.

Before his leadership at Kansas City Southern, he was the executive vice president of sales and marketing (2008-2015) and executive vice president and chief financial officer (2006-2008).

Ottensmeyer’s extensive involvement in various leadership capacities includes his tenure as the U.S. chairman of the U.S.-Mexico Economic Council from 2019 to 2023, during which he represented business interests during the establishment of the United States-Mexico-Canada Agreement (USMCA) from 2017 to 2020.

He currently serves on the boards of directors for the U.S. Chamber of Commerce, The Greenbrier Companies, and Watco Companies. He co-chairs the Brookings Institute USMCA Initiative and chairs the Truman Library Institute.

Recognized for his contributions, Ottensmeyer received the North American Rail Shippers Association Edward R. Hamberger Lifetime Achievement Award in 2023 and Ingram’s Executive of the Year Award in 2022. He was also honored with Railway Age’s Co-Railroaders of the Year Award concerning the Canadian Pacific and Kansas City Southern merger.

Ottensmeyer becomes the third new board member for J.B. Hunt since 2021, joining Persio Lisboa in 2023 and Thad Hill in 2021. In his role, Ottensmeyer will serve on the board’s compensation, nominating, and governance committees.

As of Tuesday’s closing, shares of J.B. Hunt (NASDAQ: JBHT) stood at $190.94, reflecting a decrease of $1.14 or 0.59%. Over the past 52 weeks, the stock has traded in the range of $163.66 to $209.21.

Author: Md Afraz AlamI am a seasoned digital marketing professional and a dynamic news blogger. With a flair for engaging content, I craft insightful digital marketing blogs on www.techfee.com and cover a spectrum of news topics, including politics, Economy, Technology, Science, Weather, Travel, Health, Fitness, startups, investments, stocks, cryptocurrency, entertainment, and sports here on this news site.With an eye for detail and a passion for storytelling, I continue to captivate audiences with my diverse and compelling writing style.

Leave a Reply

Discover more from News Today Daily

Subscribe now to keep reading and get access to the full archive.

Continue reading