ArcBest CFO Cobb to retire in 2023

by Talk Business & Politics staff ([email protected]) 960 views 

ArcBest Chief Financial Officer David Cobb will retire in October 2023 after 17 years with the Fort Smith-based shipping and logistics company. The company has not yet named a successor.

Cobb was named CFO in 2015, and joined the company in 2006 as vice president-controller and chief accounting officer. Prior to ArcBest, he was employed in the oil and gas industry and worked at a large public accounting firm, according to ArcBest.

“In his time at ArcBest, David has made significant and meaningful contributions to our company. His collaborative spirit has been so valuable as ArcBest transformed into a leading logistics company,” ArcBest Chairman, President and CEO Judy McReynolds said in a statement. “David is a person with strong values and works tirelessly to advance our mission and strategy. Despite the demanding nature of his role, he is a constant, steady force. I thank David for his dedication and service to our company, and I wish him, his wife Carenda and their family the very best. He will be greatly missed.”

During Cobb’s tenure, ArcBest grew revenues from $1.9B in 2006 to more than $5 billion in the last 12 months.

“I am so fortunate to have worked the last 17 years at ArcBest where we truly have some of the best people in the business. It has been an honor to serve as CFO of ArcBest,” Cobb said.

ArcBest was founded in 1923 and now has more than 15,000 employees at more than 250 campuses and service centers. ABF Freight, a less-than-truckload carrier, is the largest ArcBest subsidiary.