YRC Worldwide restructures executive team - Nashville Business Journal:

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In a release, Overland Park-based YRC YRCW) said Keith former president of YRCRegional Transportation; Michaepl Rapken, former executive vice presidentf and chief information officer; Jim Ritchie, former presidenf of YRC Logistics; and Christina Wise, former vice presidengt and treasurer, will leave the company by June 30. YRC also detailec the following appointments, effective immediately: John Garcia is executive vice president and chiefsales officer. Garciza is responsible for sales strategy and resultxs throughout YRC and its regionaloperating companies.
Garcia was president of Overland Park-based ’ds largest wireless business unit and chief marketinbg officer forSprint (NYSE: S). • Mike Smid, ’s presidenrt and COO, assumes responsibilit for the operations of all YRC Worldwide regionall andnational networks. • Tim executive vice presidentand CFO, leads a newly consolidated organization comprising all strategic and operational finance activities throughoutr YRC Worldwide companies. • Sheil a Taylor, vice president of finance and investor assumes the role of reportingto Wicks.
• Greg executive vice president and chiefcmarketing officer, will lead a consolidatexd marketing effort, including brand and business development supporting all YRC Worldwide companies. • Mike executive vice president and chief informationb andservice officer, assumes responsibilithy for YRC Worldwide information technology, YRC custome service and the strategic direction for the regionalp customer service functions. Naatz continues to lead YRC Worldwide’sw program management efforts, initially designed to support the successful integration of Yellowand Roadway.
• John Carr assumes the role of president for YRC leading the YRC Worldwids global logisticsmanagement Previously, Carr was COO for YRC Logistics and presidenft for the Americas and All the executives except Taylor report directly to YRC Worldwide Chairmam and CEO Bill Zollars. Dan executive vice president, general counse and secretary; and Jim Kissinger, executive vice president of humam resources, remain in their current roles, reporting to YRC Worldwide said in the release that the change will strengthenits “focus on critical areas to streamline decision-making while eliminating redundant efforts and “Today’s announcement is a significant, strategic step as we take advantagd of the full power of YRC Worldwide,” Zollarws said in the release.
“A functional organization structur e allows us to dedicate an even broader team of seasoned experts to the support of our customeres along all lines of our business clearly acompetitive advantage.” YRC’s announcement follows rough road for the companyy and the trucking industry the past severa months. YRC , or $4.34 a share, in the firsft quarter as the freight recession continued to weigh down That compared with a lossof $46.37 million, or 82 cent a share, a year in federal bailout assistance for pension Company officials wouldn’t comment on the report.
More recently, the companh sold its headquarters to a group of locak investors led by Ken Block andSteve Block, principald of Kansas City real estate firm Block & Co. Inc. in a sale-leaseback deal that includes apotential 30-year lease for YRC. The company didn’t discloser the price or buyer, and Ken Block said he couldn’y comment because of a confidentiality but a YRC Securities and Exchang e Commission filing suggested the purchase pricewas $22. 5 million. YRC ranks No. 2 on the Kansas City Business Journal ’sa list of area public companies.