Financial Ports

STG Logistics names UPS veteran as CEO after $1bn debt cut

CLAVE 1 / 4Jack Holmes, former UPS Freight CEO, appointed new chief executive of STG Logistics.

CLAVE 2 / 4STG Logistics reduced its funded debt by over $1bn through Chapter 11 restructuring.

CLAVE 3 / 4The company secured $150m in new capital from investors including Fortress and Fidelity.

CLAVE 4 / 4Outgoing CEO Geoff Anderman led the firm through its financial turnaround since April 2025.

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