TEN (Transportation Equipment Network), a trailer leasing company owned by I Squared Capital, a global infrastructure investor, appointed Nathan Smith, TEN’s chief operating officer, as interim CEO, effective immediately.
Smith joined TEN in December 2024, bringing decades of leadership experience in the transportation and logistics industry. Prior to TEN, he spent much of his career at JB Hunt, where he held senior leadership roles including senior vice president of equipment and properties and senior vice president of intermodal operations.
“Nathan is a highly respected leader with a deep understanding of our business and industry,” Tom Donohue, chairman of TEN, said. “His operational expertise and steady leadership make him the right person to guide TEN through this transition and ensure we continue on our growth trajectory. The board would like to thank Scott Nelson for his service and leadership, and we are grateful for his cooperation during this transition.”
“Our top priority is serving our customers with the reliability and excellence they expect from TEN,” Smith said. “I am deeply committed to ensuring that our customers and our people remain well-supported as we continue to strengthen operations and empower our teams. It is an honor to step into the role of interim CEO at such an important time for TEN, and I look forward to building on the company’s strong foundation and position as an industry leader.”
