OAK BROOK, Ill., May 10, 2017 (GLOBE NEWSWIRE) -- Hub Group Inc. (NASDAQ:HUBG), one of the largest multi-modal solutions providers in North America, announced today that Peter McNitt, Vice Chair of BMO Harris Bank, has been elected as an independent director to Hub Group’s board of directors. McNitt’s appointment expands the board to 8 directors, 6 of whom are independent directors.
At BMO Harris, McNitt leads strategic initiatives that both strengthen the bank’s capabilities in the areas of customer focus and development and expand the bank's market visibility and presence. As part of the bank's executive leadership team, he has a wide range of responsibilities focusing the organization on delivering the full breadth of wealth, commercial and investment banking capabilities to the bank's customers.
McNitt is past Chairman and current Board Member of the YMCA of Metropolitan Chicago and is a member of the Board of Directors of Youth Guidance, the Chicagoland Chamber of Commerce, and the Board of Trustees of WTTW. He is also a member of The Executives’ Club of Chicago and The Economic Club of Chicago. Additionally, he also serves as Board Member for Titan International, Inc. (NYSE).
“Peter is one of the most prominent figures in the financial industry and we are excited to welcome him to Hub Group’s board of directors,” said David Yeager, Hub Group Chairman and Chief Executive Officer. “We believe his broad experience, especially in M&A and in structuring sustainable business ventures, will be extremely valuable as Hub Group continues to expand.”
“I have always admired Hub Group for its pioneering spirit and dynamic leadership team,” said McNitt. “I'm excited to be a part of this board as we work to ensure Hub Group remains the industry leader that delivers value to its stakeholders."
ABOUT HUB GROUP: Hub Group Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage and logistics services. As a publicly traded company with nearly $3.6 billion in revenue, Hub Group’s organization of over 2,500 employees delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. For more information, visit www.hubgroup.com.
Hub Group Inc.Elena Izakson, firstname.lastname@example.org, 630-795-2202
Hub Group, Inc.