Persio Lisboa
HUNT J B TRANSPORT SERVICESAbout Persio Lisboa
Independent director of J.B. Hunt Transport Services, Inc. since 2023; age 59. Retired President and CEO of Navistar, Inc. (October 2021) following a 35‑year career across sales/marketing, manufacturing, supply chain, and procurement. Education: B.S. in business administration with a marketing specialization from Pontifícia Universidade Católica de São Paulo. Current JBHT committees: Audit; Nominating & Corporate Governance; independence affirmed by the Board; perfect 2024 attendance across five Board and 18 committee meetings .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Navistar, Inc. | President & CEO | Retired Oct 2021 | Led large global OEM; prior 35‑year multi‑functional leadership across commercial and international operations |
| Navistar, Inc. | Various management positions (sales/marketing, manufacturing, supply chain, procurement) | 35 years | Deep operational and financial oversight experience |
External Roles
| Organization | Type | Role | Committee/Position | Period |
|---|---|---|---|---|
| James Hardie Industries plc | Public | Director | Chairman, People & Remuneration Committee | Current (prev. 5 yrs) |
| Ascendance Trucks, LLC | Private | Director | — | Prev. 5 yrs |
| Allegiance Trucks, LLC | Private | Director | — | Prev. 5 yrs |
Board Governance
- Independence: Determined independent under NASDAQ standards; Audit and Nominating & Corporate Governance committees comprised solely of independent directors .
- Committee assignments and meeting cadence:
- 2024 committees: Audit (member); Executive Compensation (—); Corporate Governance (member). Meetings: Audit 9; Compensation 5; Corporate Governance 4. All directors attended all Board/committee meetings in 2024 .
- Post‑2025 Annual Meeting assignments: Audit (member); Executive Compensation (—); Corporate Governance (member) .
- Lead Independent Director: James L. Robo; independent director executive sessions held at each scheduled Board meeting .
- Overboarding policy: Max four public company boards total; Board pre‑approval required for additional public boards. Lisboa’s disclosed public boards within limit .
| Committee | 2024 Status | Post‑2025 AM Status |
|---|---|---|
| Audit | Member | Member |
| Executive Compensation | — | — |
| Nominating & Corporate Governance | Member | Member |
Fixed Compensation
| Component | 2024 Amount ($) | 2025 Program ($) | Notes |
|---|---|---|---|
| Annual Retainer | 280,000 | 285,000 | Payable in stock, cash, or mix at director election |
| Audit Committee (member) | 20,000 | 20,000 | Applies to Lisboa (member) |
| Nominating & Corporate Governance (member) | 10,000 | 10,000 | Applies to Lisboa (member) |
| Committee Chair adders | 0 | 0 | Lisboa is not Chair |
| Lead Independent Director adders | 0 | 0 | Role held by J. Robo |
| Actual Paid by Lisboa | 309,960 (stock) | — | Lisboa elected stock; received 1,893 shares |
| Shares Received | 1,893 | — | Priced at $163.74 closing price on Apr 25, 2024 |
Performance Compensation
| Item | 2024 | Notes |
|---|---|---|
| Performance‑based director equity (PSUs/options) | None | Nonemployee director pay is via retainers; Board compensation table shows no restricted share or option awards for directors |
| Director performance metrics | None | No director performance metrics disclosed; program reviewed annually against peers |
Other Directorships & Interlocks
| Company | Relationship to JBHT | Disclosure |
|---|---|---|
| James Hardie Industries plc | No related‑party transaction disclosed with JBHT | Lisboa listed as public director; related‑party transactions disclosed for other relationships only; none for Lisboa |
| Ascendance Trucks, LLC; Allegiance Trucks, LLC | No related‑party transaction disclosed with JBHT | Private roles noted; Corporate Governance Committee pre‑approves related‑party transactions; none disclosed involving Lisboa |
Expertise & Qualifications
- Business and financial expertise; experience leading a large global corporation in the transportation equipment industry; Board concluded these qualify him to serve .
- Audit committee service with financial literacy requirements; Board states majority of Audit members possess audit committee financial expert attributes .
Equity Ownership
| Metric | Value |
|---|---|
| Shares beneficially owned (direct) | 3,594 |
| Shares beneficially owned (indirect) | — |
| Ownership as % of shares outstanding | <1% (Company calculation basis: 100,008,209 shares) |
| Shares pledged as collateral (Lisboa) | None disclosed; pledged shares list includes other officers/directors only |
| Director stock ownership guideline | 3× estimated annual compensation within five years of initial election; Board members comply or are within accumulation period |
Insider Filings
| Item | Status |
|---|---|
| Section 16(a) filing timeliness (Lisboa) | No late filings noted for Lisboa; late filings disclosed for certain other officers in 2024 due to administrative issues |
Governance Assessment
- Alignment signals: Independent status; service on Audit and Nominating & Corporate Governance (key oversight committees); full 2024 attendance; elected to take compensation in stock (1,893 shares; $309,960), enhancing alignment with shareholders .
- Ownership and risk: Beneficial ownership of 3,594 shares (<1%); no pledged shares disclosed; directors subject to insider trading/hedging prohibitions and pledging controls requiring adherence to ownership guidelines and disclosure .
- Conflicts and interlocks: No related‑party transactions disclosed involving Lisboa; overboarding limits in place and enforced by Board; Corporate Governance Committee reviews related‑party transactions case‑by‑case .
- Committee effectiveness: Audit Committee responsibilities span auditor oversight, internal controls, cybersecurity, and related‑party review; Corporate Governance Committee oversees ESG strategies, board composition, succession, ethics, and related‑party approvals. Lisboa’s assignments position him centrally in financial integrity and governance risk oversight .