Hub Group is switching up the leadership positions of two of its C-suite executives, according to a Nov. 22 securities filing.
The company’s board of directors appointed Brian Meents, who most recently served as president of the intermodal and transportation solutions division and chief marketing officer, as EVP and COO. He succeeds Brian Alexander, who will assume Meents’ role of chief marketing officer, the filing states.
Meents, 39, joined Hub Group full time in 2009 following an internship with the marketing team, according to his biography on the company’s website. After joining the business development group at the start of his career, Meents became VP of account management in 2016, and stepped into the dual CMO and ITS president roles in February 2024.
Alexander, promoted to COO in January 2023, has played a leading role in developing and implementing Hub Group Logistic’s multimodal solutions across North America for nearly 20 years, his biography said. His previous roles include VP of operations and senior director of strategic accounts.
J.B. Hunt Transport Services made a similar move this month, with its presidents of highway and dedicated contract services swapping responsibilities as it positioned itself for growth in 2025.
The latest Hub Group executive changes come just over two years after Chairman David Yeager retired as CEO, paving the way for his son, Phil, to take the reins at the Oak Brook, Illinois-based company. A few additional leadership appointments were announced as a part of that transition, including Alexander’s and Meents’ former positions.
Hub Group reported last month it spent $8.4 million to restructure its warehouse network for operational efficiencies. In Q3, the company’s operating income was $32.1 million — a 25% year-over-year decrease — but efforts to improve business performance are working, executives say.
In his earnings remarks, Phil Yeager said the team’s disciplined market approach resulted in 12% growth in intermodal volume.
“Although market conditions remain challenging, we continue to enhance earnings stability and growth over the long term by focusing on yield management, effectively managing costs, our capital structure, and providing excellent service to our customers,” Yeager said.
