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Industrials - Trucking - NASDAQ - US
$ 108.39
-2.79 %
$ 2.54 B
Market Cap
13.5
P/E
1. INTRINSIC VALUE

ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The ArcBest segment provides expedite freight transportation services to commercial and government customers; premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services.[ Read More ]

The intrinsic value of one ARCB stock under the base case scenario is HIDDEN Compared to the current market price of 108 USD, ArcBest Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ARCB

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FINANCIALS
4.43 B REVENUE
-16.84%
173 M OPERATING INCOME
-56.77%
195 M NET INCOME
-34.46%
322 M OPERATING CASH FLOW
-31.57%
-21.7 M INVESTING CASH FLOW
91.69%
-197 M FINANCING CASH FLOW
-53.62%
1.06 B REVENUE
-1.36%
135 M OPERATING INCOME
156.62%
100 M NET INCOME
113.78%
88.8 M OPERATING CASH FLOW
-33.57%
-62.4 M INVESTING CASH FLOW
-107.31%
-91.6 M FINANCING CASH FLOW
-50.38%
Balance Sheet Decomposition ArcBest Corporation
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Current Assets 885 M
Cash & Short-Term Investments 330 M
Receivables 507 M
Other Current Assets 48.2 M
Non-Current Assets 1.6 B
Long-Term Investments 6.34 M
PP&E 1.08 B
Other Non-Current Assets 509 M
Current Liabilities 702 M
Accounts Payable 214 M
Short-Term Debt 99.1 M
Other Current Liabilities 388 M
Non-Current Liabilities 541 M
Long-Term Debt 339 M
Other Non-Current Liabilities 203 M
EFFICIENCY
Earnings Waterfall ArcBest Corporation
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Revenue 4.43 B
Cost Of Revenue 4.25 B
Gross Profit 173 M
Operating Expenses 4.25 B
Operating Income 173 M
Other Expenses -22.8 M
Net Income 195 M
RATIOS
3.90% GROSS MARGIN
3.90%
3.90% OPERATING MARGIN
3.90%
3.21% NET MARGIN
3.21%
11.44% ROE
11.44%
5.72% ROA
5.72%
8.92% ROIC
8.92%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis ArcBest Corporation
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Net Income 195 M
Depreciation & Amortization 146 M
Capital Expenditures -232 M
Stock-Based Compensation 11.4 M
Change in Working Capital 29.6 M
Others -55.8 M
Free Cash Flow 90.2 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets ArcBest Corporation
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Wall Street analysts predict an average 1-year price target for ARCB of $139 , with forecasts ranging from a low of $111 to a high of $176 .
ARCB Lowest Price Target Wall Street Target
111 USD 2.41%
ARCB Average Price Target Wall Street Target
139 USD 28.06%
ARCB Highest Price Target Wall Street Target
176 USD 62.38%
4. DIVIDEND ANALYSIS
0.11% DIVIDEND YIELD
0.12 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership ArcBest Corporation
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Sold
0-3 MONTHS
1.26 M USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
283 K USD 1
9-12 MONTHS
415 K USD 1
Bought
0 USD 0
0-3 MONTHS
104 K USD 1
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 06, 2024
Sell 214 K USD
Newcity Michael E
SVP - Chf Innovation Officr(1)
- 1760
121.66 USD
1 week ago
Nov 06, 2024
Sell 422 K USD
Newcity Michael E
SVP - Chf Innovation Officr(1)
- 3488
120.85 USD
1 week ago
Nov 06, 2024
Sell 624 K USD
Newcity Michael E
SVP - Chf Innovation Officr(1)
- 5195
120.07 USD
3 months ago
Aug 12, 2024
Bought 104 K USD
Abbate Salvatore A
Director
+ 1000
103.93 USD
8 months ago
Mar 01, 2024
Sell 181 K USD
Gattis Erin K
CHIEF HUMAN RESOURCES OFFICER
- 1276
141.81 USD
8 months ago
Mar 01, 2024
Sell 102 K USD
Gattis Erin K
CHIEF HUMAN RESOURCES OFFICER
- 724
141.18 USD
1 year ago
Nov 15, 2023
Sell 415 K USD
Stipp Janice E
Director
- 3390
122.42 USD
1 year ago
Sep 14, 2023
Bought 105 K USD
Beasley John Matthew
CFO and Treasurer(1)
+ 1000
104.98 USD
1 year ago
Sep 01, 2023
Sell 551 K USD
MCELLIGOTT KATHLEEN D
Director
- 5000
110.24 USD
1 year ago
Aug 22, 2023
Sell 146 K USD
Anderson Dennis L II
Chief Strategy Officer
- 1355
107.76 USD
1 year ago
Aug 22, 2023
Sell 431 K USD
Anderson Dennis L II
Chief Strategy Officer
- 4024
107.11 USD
1 year ago
Aug 23, 2023
Sell 31.1 K USD
Anderson Dennis L II
Chief Strategy Officer
- 295
105.5 USD
1 year ago
Aug 23, 2023
Sell 174 K USD
Anderson Dennis L II
Chief Strategy Officer
- 1667
104.61 USD
1 year ago
Aug 22, 2023
Sell 288 K USD
Philip Craig E
Director
- 2700
106.6 USD
1 year ago
Aug 17, 2023
Sell 378 K USD
Philip Craig E
Director
- 3700
102.22 USD
1 year ago
Aug 10, 2023
Sell 255 K USD
SPINNER STEVEN
Director
- 2321
110.07 USD
1 year ago
Aug 11, 2023
Sell 183 K USD
SPINNER STEVEN
Director
- 1679
109 USD
1 year ago
Aug 09, 2023
Sell 997 K USD
Johns Michael R
Chief Legal Officer & Corp Sec
- 8947
111.4 USD
1 year ago
Aug 08, 2023
Sell 1.7 M USD
MCREYNOLDS JUDY R
Chairman, President & CEO
- 15443
110.09 USD
1 year ago
Aug 09, 2023
Sell 1.04 M USD
MCREYNOLDS JUDY R
Chairman, President & CEO
- 9557
109.08 USD
1 year ago
Aug 03, 2023
Sell 1.4 M USD
Newcity Michael E
SVP - Chf Innovation Offcr(1)
- 11913
117.51 USD
1 year ago
Aug 02, 2023
Sell 147 K USD
Gattis Erin K
Chief Human Resources Officer
- 1253
117.29 USD
1 year ago
Aug 02, 2023
Sell 321 K USD
Gattis Erin K
Chief Human Resources Officer
- 2765
116.15 USD
1 year ago
Aug 02, 2023
Sell 132 K USD
Gattis Erin K
Chief Human Resources Officer
- 1150
114.97 USD
1 year ago
Aug 02, 2023
Sell 171 K USD
Gattis Erin K
Chief Human Resources Officer
- 1504
113.68 USD
1 year ago
Aug 02, 2023
Sell 90.3 K USD
Gattis Erin K
Chief Human Resources Officer
- 799
112.97 USD
1 year ago
Aug 02, 2023
Sell 629 K USD
RUNSER SETH
President of ABF Freight
- 5466
115.07 USD
2 years ago
Nov 10, 2022
Sell 613 K USD
Loe Daniel E
Pres, Asl Log, Chf Yld Off
- 7555
81.14 USD
2 years ago
Aug 24, 2022
Sell 2.22 M USD
MCREYNOLDS JUDY R
Chairman, President & CEO
- 25000
88.77 USD
2 years ago
Aug 11, 2022
Sell 453 K USD
Stipp Janice E
director:
- 5000
90.64 USD
2 years ago
Feb 09, 2022
Sell 455 K USD
SPINNER STEVEN
Director
- 5000
91 USD
2 years ago
Feb 10, 2022
Sell 460 K USD
SPINNER STEVEN
Director
- 5000
92 USD
2 years ago
Feb 07, 2022
Bought 150 K USD
Hogan Michael P
Director
+ 1771
84.77 USD
2 years ago
Feb 04, 2022
Sell 450 K USD
SPINNER STEVEN
Director
- 5000
90 USD
2 years ago
Dec 09, 2021
Sell 538 K USD
Philip Craig E
Director
- 5000
107.67 USD
2 years ago
Nov 23, 2021
Sell 389 K USD
Cobb David R
Vice President - CFO
- 3508
111 USD
3 years ago
Nov 11, 2021
Sell 273 K USD
Gattis Erin K
Chief Human Resources Officer
- 2500
109.36 USD
3 years ago
Nov 11, 2021
Sell 304 K USD
Gattis Erin K
Chief Human Resources Officer
- 2765
110.02 USD
3 years ago
Jun 01, 2021
Sell 704 K USD
Loe Daniel E
Pres, Asl Log, Chf Yld Off
- 8696
80.9211 USD
3 years ago
May 27, 2021
Sell 600 K USD
GORMAN STEPHEN E
Director
- 7500
80.0161 USD
3 years ago
May 27, 2021
Sell 471 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 6000
78.5623 USD
3 years ago
May 25, 2021
Sell 922 K USD
SPINNER STEVEN
Director
- 12000
76.798 USD
3 years ago
May 14, 2021
Sell 1.2 M USD
Cobb David R
Vice President - CFO
- 14292
84.0268 USD
3 years ago
May 17, 2021
Sell 520 K USD
Newcity Michael E
SVP - Chf Innovation Offcr(1)
- 6221
83.6194 USD
3 years ago
May 17, 2021
Sell 37.2 K USD
Newcity Michael E
SVP - Chf Innovation Offcr(1)
- 448
83 USD
3 years ago
May 13, 2021
Sell 2.09 M USD
MCREYNOLDS JUDY R
Chairman, President & CEO
- 25000
83.5 USD
3 years ago
May 13, 2021
Sell 437 K USD
Thorne Timothy D
President, ABF (1)
- 5141
85.1 USD
3 years ago
May 11, 2021
Sell 954 K USD
Thorne Timothy D
President, ABF (1)
- 11064
86.22 USD
3 years ago
May 10, 2021
Sell 638 K USD
Ingram James A
COO, Asset-Light Logistics
- 7174
88.883 USD
3 years ago
Mar 15, 2021
Sell 358 K USD
MCELLIGOTT KATHLEEN D
Director
- 5000
71.5732 USD
3 years ago
Mar 09, 2021
Sell 710 K USD
Stipp Janice E
Director
- 10000
71.011 USD
3 years ago
Feb 09, 2021
Sell 85.8 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 1629
52.681 USD
3 years ago
Nov 24, 2020
Sell 411 K USD
Newcity Michael E
SVP - Chf Innovation Offcr(1)
- 9670
42.5207 USD
4 years ago
Aug 11, 2020
Sell 165 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 5000
33 USD
4 years ago
Aug 04, 2020
Sell 397 K USD
Ingram James A
COO, Asset-Light Logistics
- 12673
31.3542 USD
6 years ago
Nov 16, 2018
Sell 177 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 4409
40.157 USD
6 years ago
Nov 15, 2018
Sell 160 K USD
Loe Daniel E
Chief Yield Officer
- 3988
40.123 USD
6 years ago
Nov 09, 2018
Sell 83.6 K USD
Darter James David
Chief Sales Officer
- 2062
40.541 USD
6 years ago
May 24, 2018
Sell 468 K USD
Legg William
Director
- 9947
47.06 USD
6 years ago
May 15, 2018
Sell 263 K USD
Newcity Michael E
SVP - Chf Innovation Offcr(1)
- 5589
47 USD
6 years ago
Dec 11, 2017
Sell 231 K USD
Legg William
Director
- 6153
37.518 USD
6 years ago
Dec 08, 2017
Sell 141 K USD
Stipp Janice E
Director
- 3700
38.09 USD
7 years ago
Nov 15, 2017
Sell 128 K USD
SPINNER STEVEN
Director
- 4000
32 USD
7 years ago
Sep 06, 2017
Sell 23.1 K USD
Leonard Steven Carrol
VP, Customer Solutions
- 770
30 USD
7 years ago
Sep 05, 2017
Sell 198 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 6593
29.978 USD
7 years ago
Aug 14, 2017
Sell 188 K USD
Ingram James A
COO, Asset-Light Logistics
- 6918
27.137 USD
7 years ago
Aug 04, 2017
Sell 257 K USD
Loe Daniel E
Chief Yield Officer
- 9929
25.87 USD
7 years ago
Feb 22, 2017
Sell 2.32 K USD
Darter James David
Chief Sales Officer
- 76
30.514 USD
7 years ago
Feb 24, 2017
Sell 15 USD
Darter James David
Chief Sales Officer
- 0.509
29.5 USD
7 years ago
Dec 08, 2016
Sell 321 K USD
Echols Walter J
VP - Real Estate
- 9664
33.1939 USD
7 years ago
Dec 07, 2016
Sell 162 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 5000
32.3536 USD
7 years ago
Dec 07, 2016
Sell 166 K USD
Morton J Lavon
SVP-Risk & Chief Audit Exec
- 5000
33.1288 USD
7 years ago
Dec 05, 2016
Sell 294 K USD
ALDEN JOHN W
Director
- 9400
31.27 USD
7 years ago
Dec 05, 2016
Sell 62.6 K USD
ALDEN JOHN W
Director
- 2000
31.2925 USD
7 years ago
Dec 05, 2016
Sell 168 K USD
Loe Daniel E
VP - ArcBest Enterprise (1)
- 5394
31.1341 USD
8 years ago
Nov 14, 2016
Sell 117 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 4000
29.1426 USD
8 years ago
Nov 14, 2016
Sell 144 K USD
Newcity Michael E
SVP - Chf Innovation Offcr(1)
- 4964
29 USD
8 years ago
Nov 08, 2016
Sell 197 K USD
Ingram James A
ABF Logistics President(1)
- 8338
23.6268 USD
9 years ago
Aug 06, 2015
Sell 247 K USD
Newcity Michael E
SVP - Chf Innovation Offcr(1)
- 7265
34 USD
10 years ago
Nov 11, 2014
Sell 188 K USD
Legg William
Director
- 4400
42.821 USD
10 years ago
Aug 08, 2014
Bought 16.5 K USD
Fieweger Kathleen A
Chief Mktg Officer-VP(1)
+ 500
33.078 USD
10 years ago
May 30, 2014
Sell 172 K USD
Cobb David R
Vice President - Controller
- 4000
43 USD
10 years ago
May 19, 2014
Sell 281 K USD
Echols Walter J
VP - Real Estate
- 6900
40.6973 USD
10 years ago
May 14, 2014
Sell 195 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 4700
41.5654 USD
10 years ago
May 13, 2014
Sell 210 K USD
Morton J Lavon
SVP-Tax & Chief Audit Exec
- 5000
41.9047 USD
10 years ago
May 12, 2014
Sell 191 K USD
Ingram James A
ABF Logistics President(1)
- 4606
41.556 USD
10 years ago
Dec 06, 2013
Sell 88.4 K USD
Echols Walter J
VP - Real Estate
- 2624
33.6804 USD
10 years ago
Dec 06, 2013
Sell 67.4 K USD
ALDEN JOHN W
Director
- 2000
33.708 USD
10 years ago
Dec 06, 2013
Sell 253 K USD
ALLARDYCE FRED A
Director
- 7500
33.6801 USD
10 years ago
Nov 25, 2013
Sell 239 K USD
MORRIS JOHN H
Director
- 7500
31.9 USD
10 years ago
Nov 22, 2013
Sell 193 K USD
Echols Walter J
VP - Real Estate
- 6000
32.093 USD
10 years ago
Nov 21, 2013
Sell 145 K USD
LEGG WILLIAM M
Director
- 4500
32.304 USD
10 years ago
Nov 21, 2013
Sell 32.6 K USD
Burton Christopher L
VP - Economic Analysis
- 1000
32.557 USD
11 years ago
Nov 18, 2013
Sell 246 K USD
Slagle Roy M
President-CEO, ABF (1)
- 7500
32.77 USD
11 years ago
Nov 18, 2013
Sell 13.2 K USD
Ingram James A
SVP - Strategy & ABF Logist(1)
- 400
32.877 USD
11 years ago
Nov 15, 2013
Sell 162 K USD
Johns Michael R
VP - Gen Counsel & Corp Sec
- 5000
32.45 USD
7. News
ArcBest Corporation (ARCB) Q3 2024 Earnings Call Transcript ArcBest Corporation (NASDAQ:ARCB ) Q3 2024 Earnings Conference Call November 1, 2024 9:30 AM ET Company Participants Amy Mendenhall - Vice President, Treasury and Investor Relations Judy R. McReynolds - Chairman and Chief Executive Officer Seth Runser - President Matt Beasley - Chief Financial Officer Christopher Adkins - Vice President, Yield Strategy and Management Matt Godfrey - President of ABF Freight Steven Leonard - Chief Commercial Officer and President, Asset-Light Logistics Conference Call Participants Jason Seidl - TD Cowen Ravi Shanker - Morgan Stanley Jordan Alliger - Goldman Sachs Daniel Imbro - Stephens Ken Hoexter - Bank of America Tom Wadewitz - UBS Brian Ossenbeck - J.P.Morgan Chris Wetherbee - Wells Fargo Scott Group - Wolfe Research Bruce Chan - Stifel Ben Moore - Citi Stephanie Moore - Jefferies Operator Good morning, and welcome to the ArcBest Third Quarter 2024 Earnings Conference Call. seekingalpha.com - 2 weeks ago
Here's What Key Metrics Tell Us About ArcBest (ARCB) Q3 Earnings The headline numbers for ArcBest (ARCB) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 weeks ago
ArcBest (ARCB) Q3 Earnings and Revenues Miss Estimates ArcBest (ARCB) came out with quarterly earnings of $1.64 per share, missing the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $2.31 per share a year ago. zacks.com - 2 weeks ago
ArcBest Announces Third Quarter 2024 Results FORT SMITH, Ark.--(BUSINESS WIRE)--ArcBest® (Nasdaq: ARCB), a leader in supply chain logistics, today reported third quarter 2024 revenue of $1.06 billion, compared to $1.13 billion in third quarter 2023. Net income was $100.3 million, or $4.23 per diluted share, including a $69.1 million after-tax benefit from the reduction in the fair value of contingent consideration related to a 2021 acquisition, compared to $34.9 million, or $1.42 per diluted share in the prior year. On a non-GAAP basis, t. businesswire.com - 2 weeks ago
ArcBest Declares a $0.12/Share Quarterly Dividend FORT SMITH, Ark.--(BUSINESS WIRE)--The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on November 13, 2024, payable on November 27, 2024. ABOUT ARCBEST ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 15,000 employees across 250 campuses and service centers, the. businesswire.com - 2 weeks ago
Earnings Preview: ArcBest (ARCB) Q3 Earnings Expected to Decline ArcBest (ARCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 3 weeks ago
New Strong Sell Stocks for October 17th ALLY, ARCB and BA have been added to the Zacks Rank #24 (Strong Sell) List on October 17, 2024. zacks.com - 1 month ago
ArcBest Announces Its Third Quarter 2024 Earnings Conference Call FORT SMITH, Ark.--(BUSINESS WIRE)--ArcBest® (Nasdaq: ARCB) will announce its third quarter 2024 financial results before the market opens on Friday, November 1, 2024. A conference call with company executives will be held that day at 9:30 a.m. EDT (8:30 a.m. CDT) to discuss these results. Interested parties are invited to listen by calling (800) 715-9871. The conference ID for the call is 2815802. Following the call, a recorded playback will be available through the end of the day on November 1. businesswire.com - 1 month ago
ArcBest Announces Retirement and Succession of Chief Innovation Officer and President of ArcBest Technologies FORT SMITH, Ark.--(BUSINESS WIRE)--Michael Newcity, chief innovation officer and president of ArcBest Technologies, will retire in December 2024. Dennis Anderson will succeed Newcity. businesswire.com - 1 month ago
New Strong Sell Stocks for September 3rd ACI, AMKR and ARCB have been added to the Zacks Rank #5 (Strong Sell) List on September 3, 2024. zacks.com - 2 months ago
New Strong Sell Stocks for August 27th ARCB, AHEXY and BW have been added to the Zacks Rank #5 (Strong Sell) List on August 27, 2024. zacks.com - 2 months ago
New Strong Sell Stocks for August 21st AIQUY, ARCB and BZH have been added to the Zacks Rank #5 (Strong Sell) List on August 21, 2024. zacks.com - 2 months ago
8. Profile Summary

ArcBest Corporation ARCB

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COUNTRY US
INDUSTRY Trucking
MARKET CAP $ 2.54 B
Dividend Yield 0.11%
Description ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The ArcBest segment provides expedite freight transportation services to commercial and government customers; premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services. It also offers third-party transportation brokerage services by sourcing various capacity solutions, including dry van over the road and intermodal, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; full-container and less-than-container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to ‘do-it-yourself' consumer, as well as provides final mile, time critical, product launch, warehousing, retail logistics, supply chain optimization, and trade show shipping services. The FleetNet segment provides roadside repair solutions and vehicle maintenance management services for commercial and private fleets through a network of third-party service providers. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.
Contact 8401 McClure Drive, Fort Smith, AR, 72916 https://www.arcb.com
IPO Date May 13, 1992
Employees 15000
Officers Ms. Amy Mendenhall Vice President of Treasury & Investor Relations Mr. Jason T. Parks Vice President, Controller & Chief Accounting Officer Mr. Seth Runser President Mr. Matthew R. Godfrey President of ABF Freight Mr. Christopher A. Adkins Vice President of Yield Strategy & Management Ms. Erin K. Gattis Chief Human Resources Officer Mr. Steven Leonard Chief Commercial Officer & President of Asset-Light Logistics Mr. Dennis L. Anderson II Chief Strategy Officer Mr. J. Matthew Beasley Chief Financial Officer Mr. Michael E. Newcity Senior Vice President & Chief Innovation Officer