Leadership Shift and New Financial Strategy at ArcBest

The latest update is out from ArcBest (ARCB).

ArcBest Corporation is set to welcome Seth Runser as its new president starting August 1, 2024, while Judy R. McReynolds remains as chairman and CEO. Runser’s compensation includes a $575,000 annual base salary, with a potential 80% cash incentive based on performance goals, and future equity grants valued at $400,000. Meanwhile, Matthew Godfrey will take over Runser’s former role as president of ABF Freight. This leadership change aims to steer ArcBest towards continued growth and success in the dynamic financial market.

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