Werner Enterprises’ former CFO John Steele has entered into a consulting gig with the carrier.
Steele retired as of June 30, and he’ll now get paid $75,000 per month from July through December, according to a securities filing.
As a consultant, Steele will provide “continuing strategic advice and counsel” for business issues and projects he was involved with, an agreement said.
Steele spent over 25 years as CFO of the carrier and over three decades with the company.
In February, Werner appointed Chris Wikoff as executive vice president, treasurer and CFO, effective April 18.
Steele worked as a retiring CFO before the official retirement notice became effective last month, and the company has also updated its executive team webpage to feature Wikoff. As recently as early June, Steele was still listed as CFO.
Wikoff took the opportunity on an earnings call in early May to thank Steele for his commitment to a smooth transition. The newly crowned CFO referred to his predecessor’s career as legendary and thanked him for his tenure at Werner.
“It has been a very smooth transition so far, and that's a testament to the great organization that is in place,” Wikoff said on the earnings call.
