STG Logistics announced Monday that Jack Holmes will take over as CEO effective immediately. He will succeed Geoff Anderman, who led the company through its most recent financial restructuring. The company also announced new interim leadership roles and board members.
Holmes was with UPS (NYSE: UPS) for 37 years, serving in various roles, including president and CEO of UPS Freight before retiring in 2016. He has served on various boards and in leadership roles at other transportation and logistics companies since. Holmes will also serve on STG’s board.
“The Board selected Holmes for the industry knowledge and operational expertise needed to build on the Company’s financial and operational progress, and to drive its continued growth,” a news release said.
The company also announced Clinton Smith as its interim chief financial officer, succeeding Tyler Holtgreven, and Cherie Schaible as interim general counsel. Smith has over 25 years of financial leadership experience, leading private-equity backed companies through restructurings and integrations.
Anderman was appointed CEO at STG in April 2025. He has been with the asset-based intermodal marketing company in a leadership position since 2017.
The news release credited Anderman and Holtgreven for successfully navigating a Chapter 11 restructuring, which reduced the company’s funded debt by 90%. Anderman will remain at STG as an adviser through the transition. Holtgreven will remain with the company through Nov. 1.
STG also appointed Gary Enzor as its chairman. Enzor has severed as a director on the boards of other transportation and logistics companies. He led Quality Distribution, North America’s largest liquid bulk chemical trucking network, from 2004 up to the 2021 sale of the business to CSX (NASDAQ: CSX).
“Jack has spent his entire career in this industry, from the loading dock to the CEO’s office, and he brings a rare combination of operational depth and experience building and scaling businesses,” Enzor said. “He is the right choice to lead STG as it accelerates growth and continues investing in the business.”
Other transportation and logistics executives—John Labrie, Joe Troy, Dave Ebbrecht and Darren Hawkins—were also named as STG directors. Hawkins led Yellow Corp., which ceased operations in July 2023. The new group joins existing director Tom Donohue.
STG entered a pre-packaged Chapter 11 agreement in January. Under the recapitalization plan, it reduced funded debt by nearly $1 billion and received $150 million in new capital from a group of investors, including Fortress, Fidelity and Invesco.
“On behalf of the Board, I want to thank Geoff and Tyler for their leadership through one of the most pivotal periods in the Company’s history,” Enzor said. “Thanks to their efforts, STG’s new leadership team inherits a strong foundation and real momentum, and we look forward to partnering closely with them to deliver on the significant opportunities ahead.”
Why it matters? STG Logistics’ successful emergence from Chapter 11 restructuring—backed by nearly $1 billion in debt reduction and $150 million in new capital—preserves critical market capacity and stability for the intermodal industry. Furthermore, the appointment of seasoned veterans ensures strong operational expertise, maintaining competitive options for shippers.
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