Hub Group said Thursday that Kevin Beth and Brian Meents have left their roles as chief financial officer and chief operating officer, respectively, following a review by the companys audit committee.
Effective immediately, the company appointed Todd Heeter as interim chief financial officer and treasurer. Heeter is the founder of The Heeter Group, which provides CFO, chief accounting officer and strategic advisory services to public and private firms. The company noted Heeter brings more than 30 years of finance and accounting experience across distribution, financial services, healthcare, technology, manufacturing and SaaS industries.
While Beth and Meents have vacated their executive posts, Hub Group said both will be available to the company on a consulting basis to support the transition. The company also indicated that responsibilities previously held by the chief operating officer will be distributed among other senior leaders.
The interim appointment for Heeter is set for an initial term of six months and may be extended at Hub Groups discretion.
Financial reporting and filings
Hub Group is continuing work on a restatement of previously issued financial statements. The restatement encompasses the years ended December 31, 2024 and December 31, 2023, and the quarterly periods ended March 31, 2025, June 30, 2025 and September 30, 2025.
In connection with that effort, the company expects to file its Form 10-K for the year ended December 31, 2025, which will include the restated results for the 2024 and 2023 years, and its Form 10-Q for the quarter ended March 31, 2026, on or prior to September 14, 2026.
Leadership search and operational update
Hub Group has engaged a national search firm to assist in hiring a permanent chief financial officer.
On operational activity, the company said that in the second quarter of 2026 to date it executed a bid season that produced balanced demand trends, stronger pricing and increased opportunity for over-the-road conversion.
What this means
- The company is managing a near-term leadership transition in finance and operations while advancing a complex restatement process covering multiple periods.
- The interim CFO role is time-limited initially but could be extended depending on company needs and the progress of the restatement and filing timeline.
- Operationally, Hub Group reports positive demand and pricing developments in the current bid season, along with heightened conversion opportunities for over-the-road business.
Hub Groups statement focused on the mechanics of the transition and the timetable for regulatory filings without providing additional commentary on the findings of the audit committee review or specifics of the financial restatement adjustments.