C.H. Robinson's (CHRW) CFO To Depart Amid Management Turmoil
Zacks Investment Research | Mar 21, 2019 11:24PM ET
Shares of C.H. Robinson (NASDAQ:CHRW) have shed 9.5% of value over the past six months due to multiple headwinds like high costs and debt burden.
Six-Month Price Performance
Apart from the aforementioned negatives, frequent management changes at this transportation company do not bode well as far as investors’ confidence in the stock is concerned.
In February 2019, C.H. Robinson promoted its current chief operating officer (COO), Robert Biesterfeld, to the position of chief executive officer (CEO). Biesterfeld will replace the incumbent chairman and CEO, John Wiehoff, on May 9. (Read more : Zacks Investment Research
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