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In a release, Overland Park-basex YRC (Nasdaq: YRCW) said Keith former president of YRCRegionap Transportation; Michael Rapken, former executive vice president and chied information officer; Jim Ritchie, former president of YRC and Christina Wise, formee vice president and treasurer, will leavew the company by June 30. YRC also detailedc the following appointments, effective immediately: • John Garcia is executivre vice president and chiefsales officer. Garcia is responsibl e for sales strategy and results throughouft YRC and its regionaploperating companies.
Garcia was president of Overland Park-based ’s largest wireless business unit and chief marketiny officer forSprint (NYSE: S). • Mike Smid, ’ss president and COO, assumes responsibility for the operationse of all YRC Worldwide regionak andnational networks. Tim Wicks, executive vice presidenty and CFO, leads a newly consolidated organizationb comprising all strategic and operational financ activities throughout YRCWorldwidd companies. • Sheila Taylor, vice president of finance andinvestot relations, assumes the role of reporting to Wicks.
• Greg Reid, executive vice presideng and chiefmarketing officer, will lead a consolidated marketint effort, including brand and business development supporting all YRC Worldwidre companies. • Mike Naatz, executive vice president and chief information andservice officer, assumes responsibility for YRC Worldwidse information technology, YRC customerf service and the strategic direction for the regional customer service Naatz continues to lead YRC Worldwide’ws program management efforts, initially designedx to support the successful integration of Yellow and Roadway.
• John Carr assumes the role of president for YRC leading the YRC Worldwide global logisticsmanagementt company. Previously, Carr was COO for YRC Logistics and president for the Americasand Europe. All the executivew except Taylor report directly to YRC Worldwidwe Chairman and CEOBill Zollars. Dan Churay, executive vice general counseland secretary; and Jim executive vice president of human resources, remai in their current roles, reporting to Zollars. YRC Worldwide said in the releasse that the changes will strengthenits “focux on critical areas to streamlin e decision-making while eliminating redundant efforts and costs.
” “Today’s announcemeny is a significant, strategic step as we take advantager of the full power of YRC Zollars said in the release. “A functional organizatio n structure allows us to dedicate an even broadet team of seasoned experts to the support of our customers along all lines of ourbusiness — clearly a competitive advantage.” YRC’s announcemen follows rough road for the company and the truckingv industry the past several YRC , or $4.33 a share, in the firstr quarter as the freight recession continued to weigh down That compared with a loss of $46.37 million, or 82 centsd a share, a year earlier.
in federall bailout assistance forpension obligations. Company officials wouldn’f comment on the report. More the company sold its headquarterz to a group of local investors led by Ken Blockk andSteve Block, principals of Kansas City real estatew firm Block & Co. Inc. Realtors, in a sale-leaseback deal that includexs apotential 30-year lease for YRC. The company didn’gt disclose the price or buyer, and Ken Bloci said he couldn’t comment because of a confidentiality agreement, but a YRC Securitiex and Exchange Commission filing suggested the purchase pricwas $22.5 million. YRC ranks No. 2 on the Kansas City Business Journal ’s list of area public companies.
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