Hub Group Drops After CFO, COO Depart Over Statement Issues (1)

(Updates with share moves and length of tenures.)

Hub Group Inc. shares sank 5.4% after the transportation provider said Kevin Beth and Brian Meents departed from their positions as CFO and COO, respectively.

• Appointed Todd Heeter as interim CFO
• Changes occurred in connection with a review conducted by the audit committee
• Kevin Beth had served as CFO for over two years while Brian Meents has served as COO for over a year and a half
• “We are taking corrective actions, including enhancing our financial reporting processes and making changes to the Company’s leadership team,” said Peter McNitt, lead director, and Gary Yablon, ...