ArcBest announces board changes, quarterly dividend
by January 28, 2026 5:58 pm 699 views
Fort Smith-based ArcBest on Wednesday (Jan. 28) announced changes to its board of directors, with the board size to drop from 11 to 10 directors. Eight of the 10 will be independent directors, according to the shipping and logistics company.
Ann Bordelon and Bobby George were approved to be on ArcBest’s board as independent directors, and will serve on the board’s audit committee.
Fredrik Eliasson and Kathy McElligott are retiring from the board effective Feb. 28. Following their retirement, along with the retirement of Craig Philip on Jan. 28, 2026, the ArcBest board will have ten directors, eight of whom are independent, according to the company.
Bordelon is a certified public accountant with more than 36 years of finance experience. She is executive vice chancellor – finance & administration at the University of Arkansas and previously was chief financial officer and chief administration officer of Springdale-based NOWDiagnostics.
She also spent more than a decade in executive leadership positions at Walmart, including chief financial officer of Sam’s Club and chief financial officer of Walmart Asia.
George has more than 25 years of experience in tech strategy and digital innovation. He is senior vice president and chief digital officer at Palm Beach Gardens, Fla.-based Carrier, a global HVAC company. He was previously senior vice president and chief information officer for manufacturing, engineering and services at General Electric.
Earlier in his career he was vice president, information technology and services at St. Jude Medical (now Abbott), and he held leadership positions at Cambridge Technology Partners and Swiss RE.
“We’re pleased to welcome Ann and Bobby to our Board of Directors,” said Seth Runser, ArcBest president and CEO. “Ann’s extensive financial leadership experience and Bobby’s expertise in IT and digital transformations will sharpen the board’s strategic oversight as we continue executing our growth plans.”
McElligott joined the board in 2015 and serves as chair of the compensation committee and a member of the nominating and corporate governance committees. Eliasson has served on the board since 2019.
Judy McReynolds, who recently stepped down as ArcBest CEO, is the board chair.
The company has also announced a quarterly cash dividend of 12 cents per share payable Feb. 24 to shareholders of record on Feb. 10.
The publicly held company is set to report fourth-quarter and full-year financials on Jan. 30 before the markets open. The quarterly net income consensus estimate is 42 cents per share, which would be below the $1.24 in the fourth quarter of 2024. The consensus estimate for quarterly revenue is $967.4 million, which would be below the $1.001 billion in the same quarter of 2024.
Founded in 1923, ArcBest has around 14,000 employees at 250 locations. ArcBest shares (NASDAQ: ARCB) closed Wednesday at $85.98, down 92 cents. During the past 52 weeks the share price has ranged between $55.19 and $103.14.