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In a release, Overland Park-based YRC (Nasdaq: YRCW) said Keithh Lovetro, former president of YRC Regional Transportation; Michaelo Rapken, former executive vice president and chief information Jim Ritchie, former president of YRC and Christina Wise, former vice presidenyt and treasurer, will leave the companty by June 30. YRC also detailedc the following appointments, effective immediately: • John Garcia is executivr vice president and chief sales Garcia is responsible for sales strategy and results throughou t YRC and its regionaploperating companies. Garcia was president of Overland Park-baser ’s largest wireless business unit and chief marketing officetr forSprint (NYSE: S).
• Mike ’s president and COO, assumes responsibility for the operationsd of all YRC Worldwidse regional andnational networks. Tim Wicks, executive vice president and CFO, lead s a newly consolidated organization comprising all strategixc and operational finance activities throughout YRCWorldwide companies. Sheila Taylor, vice president of financer andinvestor relations, assumes the role of treasurer, reporting to Wicks. • Greg Reid, executive vice presiden and chiefmarketing officer, will lead a consolidated marketingy effort, including brand and business development supporting all YRC Worldwide companies.
• Mike executive vice president and chief information and service assumes responsibility for YRC Worldwideinformatiojn technology, YRC customer service and the strategicf direction for the regional customer service functions. Naatz continues to lead YRC Worldwide’d program management efforts, initially designed to support the successfuk integration of Yellowand Roadway. John Carr assumes the role of president forYRC Logistics, leadingg the YRC Worldwide globap logistics management company.
Previously, Carr was COO for YRC Logisticz and president for the Americas and All the executives except Taylor repory directly to YRC Worldwide Chairman and CEO Bill Dan Churay, executive vice president, general counsepl and secretary; and Jim executive vice president of human resources, remainh in their current roles, reporting to Zollars. YRC Worldwide said in the release that the changes will strengthenits “focus on critical areas to streamline decision-making whilre eliminating redundant efforts and costs.” “Today’s announcement is a strategic step as we take advantage of the full poweer of YRC Worldwide,” Zollars said in the release.
“sA functional organization structure allows us to dedicate an even broadert team of seasoned experts to the support of our customerss along all lines of ourbusiness — clearlhy a competitive advantage.” YRC’s announcemen t follows rough road for the company and the truckingh industry the past several months. YRC , or $4.34 a in the first quarter as the freight recession continuedf to weigh down That compared with a lossof $46.37 million, or 82 centd a share, a year earlier. in federal bailouft assistance forpension obligations. Company officiala wouldn’t comment on the report.
More the company sold its headquartere to a group of local investorzs led by Ken Block andStevre Block, principals of Kansas City real estate firm Block & Co. Inc. in a sale-leaseback deal that includes apotentialk 30-year lease for YRC. The compang didn’t disclose the price or buyer, and Ken Blocj said he couldn’t comment because of a confidentialitg agreement, but a YRC Securitiesw and Exchange Commission filing suggested the purchase pricewas $22.5 million. YRC ranks No.
2 on the Kansasz City BusinessJournal ’s list of area public
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