J.B. Hunt Transport Services recently announced that Brad Delco as its CFO and VP of finance, effective Sept. 1. Delco currently serves as SVP of finance.
“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 a press release.
Delco joined J.B. Hunt in 2019 and, most recently, oversaw and managed investor relations for the company. He also led corporate development, financial planning and analysis efforts, and was involved in the company’s environmental, social and governance strategies.
Prior to J.B. Hunt, Delco spent 14 years at Stephens Inc., a privately-owned investment banking and financial services firm, where he primarily covered the transportation industry.
Delco succeeds John Kuhlow in the role of CFO. Kuhlow will transition to chief accounting officer to focus on the company’s financial management.
“John has been integral to the success of our finance and accounting organization over many years,” Simpson said. “His strong background in accounting combined with his ethical and collaborative approach will continue to support future growth and the financial integrity of our company,” she added.
The leadership changes at J.B. Hunt come as the company seeks to manage costs while it contends with ongoing market volatility stemming from tariff policies.
In the company’s latest Q2 earnings call, company leadership identified $100 million in cost savings to target. Kuhlow said that is a baseline and executives are hoping to realize further reductions beyond that figure.
“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,” Simpson said in the release.
