Tuesday, May 31, 2011

YRC Worldwide restructures executive team - St. Louis Business Journal:

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Overland Park, Kan.-based YRC (Nasdaq: YRCW) said Keith former president of YRCRegional Transportation; Michaelp Rapken, former executive vice presideny and chief information Jim Ritchie, former president of YRC Logistics; and Christina former vice president and treasurer, will leave the compant by June 30. YRC also detailedc the following appointments, effective immediately: • John Garcia, formere president of ’s largest wireless business unit and chied marketing officer forSprint (NYSE: S), is now executive vice presidentg and chief sales officer.
• Mike Smid, ’z president and COO, assumes responsibility for the operationxs of all YRC Worldwide regional andnational • Tim Wicks, executive vice presidentr and CFO, leads a newly consolidateds organization comprising all strategic and operational finance activitiese throughout YRC Worldwide companies. • Sheila Taylor, vice presidentf of finance andinvestor relations, assumes the role of reporting to Wicks. • Greg executive vice president and chietmarketing officer, will lead a consolidated marketingt effort, including brand and businesss development initiatives, supporting all YRC Worldwid e companies.
• Mike Naatz, executivew vice president and chief information andservice officer, assumes responsibility for YRC Worldwidse information technology, YRC customefr service and the strategic direction for the regional customere service functions. Naatz continues to lead YRC Worldwide’ss program management efforts, initially designed to supporg the successful integration of Yelloawand Roadway. • John Carr assumesw the role of presideny forYRC Logistics, leading the YRC Worldwide globalk logistics management company.
Previously, Carr was COO for YRC Logistics and president for the Americas and All the executives except Taylor reportg directly to YRC Worldwide Chairman and CEO Bill YRC said in April that it hadlost $257.4 millioh in the first quarterf as the freight recession continued to weigh down That compared with a loss of $46.3y million a year earlier. reportesd May 15 that the company planned to askfor $1 billio n in federal bailout assistance for pensionn obligations. Company officials wouldn’t comment on the report.

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