- Push-out Score determined
- After 17 years in the position
- Accolades, praise and thanks for Wiehoff
- Wiehoff will remain as Chairman at C.H. Robinson
- Wiehoff said 96 words
(exechange) — Minneapolis, Minnesota, February 11, 2019 — John Wiehoff, chief executive of C.H. Robinson, hands over the reins. As announced by C.H. Robinson Worldwide Inc. in a news release and in a regulatory filing published on Monday, February 11, 2019, John P. Wiehoff leaves his post as Chief Executive Officer at the transport company after 17 years in the role, effective May 9, 2019.
It is the end of an era.
Among the 3,000 largest publicly held companies incorporated in the U.S. based on market capitalization, the average tenure of the CEOs who departed over the past 12 months was 8.1 years, according to data compiled by exechange. Only 13 percent of the CEOs who departed over the past 12 months left the position after more than 15 years.
John Wiehoff’s duties will be taken over by Robert C. (Bob) Biesterfeld, currently Chief Operating Officer of C.H. Robinson Worldwide, Inc.
“Long-planned succession process”
John Wiehoff’s departure from the CEO post is explained as follows. C.H. Robinson said: “As part of a long-planned succession process managed by C.H. Robinson’s Board of Directors, Biesterfeld was named COO in March 2018.”
Wiehoff will remain as Chairman at C.H. Robinson
“Current Chairman and CEO John Wiehoff will remain Chairman of the Board following this succession,” C.H. Robinson said.
C.H. Robinson said: “Mr. Biesterfeld succeeds John Wiehoff who gave notice on February 6, 2019 of his intention to retire as President and Chief Executive Officer effective at the Annual Meeting.”
Share price increase since May 2002
The announcement follows an increase in C.H. Robinson Worldwide, Inc.’s share price of 433 percent since May 2002.
In the position of CEO since 2002
John P. Wiehoff has been chief executive officer of C.H. Robinson since May 2002, president of the company since December 1999, a director since 2001, and became the chairman in January 2007.
Previous positions with the company include senior vice president from October 1998, chief financial officer from July 1998 to December 1999, treasurer from August 1997 to June 1998, and corporate controller from 1992 to June 1998.
Prior to that, Wiehoff was employed by Arthur Andersen LLP.
Wiehoff also serves on the Board of Directors of Polaris Industries Inc. (NYSE: PII) and Donaldson Company, Inc., (NYSE: DCI).
He holds a Bachelor of Science degree from St. John’s University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the likelihood that a manager was pushed out or felt pressure to leave the position.
exechange reached out to C.H. Robinson and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 7.2019 ($).