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Creditors demanded First Brands appoint separate advisers for units that issued $2.5 billion in off-balance-sheet debt, arguing conflicts of interest threaten the insolvency case.

Siddhant Awasthi's decision follows a string of executive exits at Tesla, which has grappled with lukewarm consumer demand and the loss of U.S. incentives while pursuing new business lines.

Hardin was named president of the company earlier this year. He previously worked at Epicor, where he leveraged data analytics and artificial intelligence.

Marshall Witt's appointment marks a return to familiar ground. He spent 15 years at FedEx earlier in his career, including in senior finance leadership positions at FedEx Freight.

Ward, who took over as president in 2022, is credited with strengthening the association’s reach, expanding its programs and increasing engagement with its members.

The company was founded by Scott George's grandfather, Howard George, in 1948 and has been employee-owned since 2022. Scott will remain an adviser to the board of directors.

Fleet executives are expecting freight market struggles to continue for 12 to 18 months, with high capacity and low demand keeping rates depressed.

Chief Supply Chain Officer Brady Stewart is departing the U.S. meat giant after taking certain actions that violated its code of conduct, the company said in a statement.

McReynolds has spent 28 years with ArcBest, including the past 15 as CEO. She was ArcBest’s chief financial officer before becoming the top executive.

Mark Kunar, previously DHL Supply Chain North America’s chief financial officer and chief strategy officer, replaces Patrick Kelleher. He'll report to Oscar de Bok, DHL Supply Chain CEO.