Executive Exit

We heard recently of a shakeup earlier this month at J.B. Hunt Transport Services Inc. involving a member of its management team.

A source told Whispers that Gary Anderson, executive vice president of maintenance, properties and equipment, is no longer with the company.

While the company offered an official “no comment” on Anderson’s exit, we heard there were irreconcilable policy differences between Anderson and at least one high-level executive that led to his departure.

Safe to say, if there’s one person you don’t want irreconcilable policy differences with, it’s a high-level executive.

Anderson had been with the company for 20 years and was promoted to his current role in January 2012.

It’s worth noting that Anderson sold 1,450 shares of J.B. Hunt stock in a transaction that occurred June 11. According to a legal filing with the Securities & Exchange Commission, the shares were sold at an average price of $77.48, for a total transaction of $185,952. 

Anderson still directly owns 4,169 shares of company stock.