Brad Delco, senior vice president of finance for Lowell-based carrier J.B. Hunt Transport Services Inc., has been promoted to chief financial officer and executive vice president of finance, the company said Thursday (Aug. 21). The appointment is effective Sept. 1.
Chief Financial Officer John Kuhlow will become chief accounting officer, a role that will allow him to use his experience in regulatory compliance and accounting to focus on the company’s financial management, the release shows.
Delco joined J.B. Hunt in 2019 as vice president of investor relations and has led the company’s investor relations activities. He’s also led the company’s corporate development, financial planning and analysis efforts and was active in the company’s environmental, social and governance strategies.
Additionally, Delco oversaw Elevation, J.B. Hunt’s ideation program, which aims to find, foster, and follow employee-submitted ideas. He previously spent 14 years at Stephens Inc., a Little Rock-based investment banking and financial services firm. There he worked in corporate finance and equity research roles, primarily covering the transportation industry.
“Brad’s deep background in finance and capital markets, coupled with his transportation industry knowledge, continues to fuel our financial strategy as we look toward disciplined future growth and greater returns on our strategic investments,” said Shelley Simpson, president and CEO. “Our entire organization is focused on operational excellence, cost discipline and scaling our investments. This change will align our leadership strengths to support our continued focus on driving results that deliver shareholder value.”
Kuhlow became chief financial officer in December 2020 after serving in an interim role since March 2020, when David Mee retired. Kuhlow joined the company in 2006 as assistant controller and later became controller and chief accounting officer, before being appointed chief financial officer.
“John has been integral to the success of our finance and accounting organization over many years,” Simpson said. “His strong background in accounting combined with his ethical and collaborative approach will continue to support future growth and the financial integrity of our company.”
Shares of J.B. Hunt (NASDAQ: JBHT) were trading at $151.51, up $8.11 or 5.66% on Friday (Aug. 22). In the past 52 weeks, the stock has ranged between $122.79 and $200.40.