Landstar loses another CFO after short tenure

3rd finance head in year and a half

Landstar reported record revenue and profits in the first quarter. (Photo: Jim Allen/FreightWaves)

Freight broker Landstar System announced Wednesday that CFO Fred Pensotti will be departing the company “to pursue another professional opportunity.” A filing with the Securities and Exchange Commission said the change is effective July 1.

Pensotti was hired by Landstar (NASDAQ: LSTR) only a year ago, following the abrupt but “amicable” departure of prior CFO Kevin Stout. Pensotti’s brief stint at the company was a memorable one as Landstar posted fresh highs in revenue and earnings per share during each quarter of his tenure.

Current VP and Corporate Controller James Todd will step into the CFO role on July 1. Todd will also serve as principal financial officer and principal accounting officer. He joined Landstar in 2013 as director and assistant controller. Todd has been in his current role since 2015.

In addition to a salary increase, Todd will be eligible for the company’s executive compensation plan.

Pensotti is entitled to separation benefits per his original employment agreement.

More FreightWaves articles by Todd Maiden

Watch: NTI falls as we start the Month of June

Upcoming FreightWaves Events
AI

Supply Chain AI Symposium

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

July 15, 2026
The Old Post • Chicago, IL
Register Now
FreightTech

F3: Future of Freight Festival

Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.

October 27, 2026 – October 28, 2026
The Signal at Chattanooga Choo Choo • Chattanooga, TN
Register Now
AI Supply Chain AI Symposium Jul 15 • The Old Post • Chicago, IL

Past the hype. Join operators, founders, and enterprise leaders figuring out how to deploy AI in supply chain.

The Old Post • Chicago, IL Register Now
FreightTech F3: Future of Freight Festival Oct 27 – Oct 28 • The Signal at Chattanooga Choo Choo • Chattanooga, TN

Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.

The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now

Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.