Hub Group Inc. said David Yeager, who has been chief executive of the provider of rail-focused freight services for more than a quarter of a century, is retiring and handing the reins to his son, Phillip D. Yeager, on Jan. 1.
The Oak Brook, Ill.-based company said Thursday David Yeager, who also has been chairman since 2008, is retiring as CEO but will continue as executive chairman.
Hub said Phillip Yeager, who joined the company in 2011 and has been president and chief operating officer since 2019, will become president and CEO at the start of 2023 and will join the board.
Another son of founder Phillip C. Yeager, Mark Yeager, left the business in 2015.
Brian Alexander, currently executive vice president of logistics, will succeed Phillip Yeager as COO, the company said.