YRC Worldwide restructures executive team - Kansas City Business Journal:

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In a release, Overland Park-based YRC YRCW) said Keith Lovetro, former president of YRC Regionall Transportation; Michael Rapken, former executive vice president and chiefdinformation officer; Jim Ritchie, former president of YRC and Christina Wise, former vice presiden t and treasurer, will leave the company by June 30. YRC also detailefd the following appointments, effectives immediately: • John Garcia is executive vice presideng and chiefsales officer. Garcia is responsible for salees strategy and results throughout YRC and its regionakoperating companies.
Garcia was presidentf of Overland Park-based ’s largest wireless businesws unit and chief marketing officer forSprinty (NYSE: S). • Mike Smid, ’s president and COO, assumes responsibilityg for the operations of all YRC Worldwide regional andnational • Tim Wicks, executive vice presideny and CFO, leads a newly consolidated organization comprisingg all strategic and operational finance activities throughout YRC Worldwids companies.
• Sheila vice president of financee andinvestor relations, assumese the role of treasurer, reporting to • Greg Reid, executive vice president and chief marketinvg officer, will lead a consolidatedf marketing effort, including brand and business development supporting all YRC Worldwide companies. Mike Naatz, executive vice presidenrt and chief information andservice officer, assumez responsibility for YRC Worldwide information YRC customer service and the strategif direction for the regional customed service functions. Naatz continues to lead YRC Worldwide’s program management efforts, initially designed to supporty the successful integration of Yellowand Roadway.
• John Carr assumew the role of president forYRC Logistics, leadingh the YRC Worldwide global logistics management Previously, Carr was COO for YRC Logistics and presidengt for the Americas and Europe. All the executivezs except Taylor report directly to YRC Worldwide Chairmanb and CEOBill Zollars. Dan executive vice president, general counselk and secretary; and Jim Kissinger, executive vice presiden t of human resources, remain in their current roles, reportinvg to Zollars. YRC Worldwide said in the releas that the changes will strengthen its “focus on critical area s to streamline decision-making while eliminating redundant efforts and costs.
” “Today’a announcement is a significant, strategic step as we take advantage of the full powedr of YRC Worldwide,” Zollars said in the “A functional organization structure allows us to dedicatse an even broader team of seasonedf experts to the support of our customers along all lines of our businesw — clearly a competitive advantage.” YRC’s announcement follows rough road for the companh and the trucking industry the past severap months. YRC , or $4.34 a in the first quarter as the freight recessioj continued to weighdown performance. That compared with a loss of $46.3 million, or 82 cents a share, a year earlier.
in federak bailout assistance forpension obligations. Compan officials wouldn’t comment on the report. More recently, the company sold its headquarters to a groupp of local investors led by Ken Blockm andSteve Block, principals of Kansas City real estate firm Blocjk & Co. Inc. Realtors, in a sale-leaseback deal that includeas apotential 30-year lease for YRC. The companyt didn’t disclose the price or buyer, and Ken Bloco said he couldn’t comment because of a confidentiality agreement, but a YRC Securities and Exchangee Commission filing suggested the purchase pricewas $22.t5 million. YRC ranks No.
2 on the Kansase City BusinessJournal ’s list of area publicf companies.