Landstar System Inc. said Dec. 4 that James Gattoni will retire as CEO next year, with former CSX Corp. executive Frank Lonegro succeeding him.
The Jacksonville-based trucking company said Gattoni will retire as president and chief executive officer Feb. 1 with Lonegro taking over those roles the next day.
Gattoni has been with Landstar since 1995 and became CEO at the end of 2014.
During his tenure, Landstar has grown from $3.2 billion in revenue in 2014 to a Fortune 500 company with 2022 revenue of $7.4 billion.
Lonegro spent 19 years at CSX, becoming chief financial officer of the Jacksonville-based railroad company in 2015.
After a management upheaval at CSX that began in 2017, Lonegro was one of the few top executives remaining when he left the company in May 2019.
He has been chief financial officer of another Fortune 500 company, Beacon Roofing Supply Inc., since 2020.
“Frank’s broad financial, operational and technology leadership at large, publicly traded organizations make for an outstanding fit at Landstar,” Landstar Chairman Diana Murphy said in a news release.
“He understands the fast-paced freight transportation industry, the critical importance of a safety-first culture and our commitment to the long-term success of Landstar agents, BCOs and other third-party capacity providers to continue to drive our growth,” Gattoni said in the release.
Gattoni will remain at LandStar in the role of special advisor to new CEO Lonegro until July.