STG Logistics introduced Monday that Jack Holmes will take over as CEO efficient instantly. He’ll succeed Geoff Anderman, who led the corporate by way of its most up-to-date monetary restructuring. The corporate additionally introduced new interim management roles and board members.
Holmes was with UPS (NYSE: UPS) for 37 years, serving in numerous roles, together with president and CEO of UPS Freight earlier than retiring in 2016. He has served on numerous boards and in management roles at different transportation and logistics firms since. Holmes will even serve on STG’s board.
“The Board chosen Holmes for the business information and operational experience wanted to construct on the Firm’s monetary and operational progress, and to drive its continued development,” a information launch stated.
The corporate additionally introduced Clinton Smith as its interim chief monetary officer, succeeding Tyler Holtgreven, and Cherie Schaible as interim basic counsel. Smith has over 25 years of economic management expertise, main private-equity backed firms by way of restructurings and integrations.
Anderman was appointed CEO at STG in April 2025. He has been with the asset-based intermodal advertising firm in a management place since 2017.
The information launch credited Anderman and Holtgreven for efficiently navigating a Chapter 11 restructuring, which lowered the corporate’s funded debt by 90%. Anderman will stay at STG as an adviser by way of the transition. Holtgreven will stay with the corporate by way of Nov. 1.
STG additionally appointed Gary Enzor as its chairman. Enzor has severed as a director on the boards of different transportation and logistics firms. He led High quality Distribution, North America’s largest liquid bulk chemical trucking community, from 2004 as much as the 2021 sale of the enterprise to CSX (NASDAQ: CSX).
“Jack has spent his total profession on this business, from the loading dock to the CEO’s workplace, and he brings a uncommon mixture of operational depth and expertise constructing and scaling companies,” Enzor stated. “He’s the best alternative to guide STG because it accelerates development and continues investing within the enterprise.”
Different transportation and logistics executives—John Labrie, Joe Troy, Dave Ebbrecht and Darren Hawkins—had been additionally named as STG administrators. Hawkins led Yellow Corp., which ceased operations in July 2023. The brand new group joins current director Tom Donohue.
STG entered a pre-packaged Chapter 11 settlement in January. Underneath the recapitalization plan, it lowered funded debt by almost $1 billion and obtained $150 million in new capital from a bunch of traders, together with Fortress, Constancy and Invesco.
“On behalf of the Board, I need to thank Geoff and Tyler for his or her management by way of one of the crucial pivotal durations within the Firm’s historical past,” Enzor stated. “Because of their efforts, STG’s new management group inherits a robust basis and actual momentum, and we sit up for partnering carefully with them to ship on the numerous alternatives forward.”
Why it issues? STG Logistics’ profitable emergence from Chapter 11 restructuring—backed by almost $1 billion in debt discount and $150 million in new capital—preserves vital market capability and stability for the intermodal business. Moreover, the appointment of seasoned veterans ensures robust operational experience, sustaining aggressive choices for shippers.
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