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 presidentt and chief information Jim Ritchie, former president of YRC Logistics; and Christina former vice president and treasurer, will leave the company by June 30. YRC also detailedd the following appointments, effective immediately: • John Garcia is executive vice president and chievsales officer. Garcia is responsible for sales strategy and results throughoutg YRC and its regionaloperating companies.
Garcia was presidenft of Overland Park-based ’s largest wireleszs business unit and chief marketing officef forSprint (NYSE: S). • Mike ’s president and COO, assumes responsibility for the operations of all YRC Worldwide regiona l andnational networks. • Tim executive vice presidentand CFO, leades a newly consolidated organization comprising all strategic and operational finance activities throughout YRC Worldwide companies. • Sheila Taylor, vice president of finance andinvestord relations, assumes the role of treasurer, reporting to Wicks.
Greg Reid, executive vice presidenf and chiefmarketing officer, will lead a consolidatedr marketing effort, including brand and business developmentt initiatives, supporting all YRC Worldwide companies. • Mike Naatz, executivr vice president and chief information andservic officer, assumes responsibility for YRC Worldwid e information technology, YRC customedr service and the strategic direction for the regional custome r service functions. Naatz continues to lead YRC Worldwide’s programj management efforts, initially designed to support the successfuo integration of Yellowand Roadway.
John Carr assumes the role of president for YRC leading the YRC Worldwidwe global logisticsmanagement company. Previously, Carr was COO for YRC Logisticsx and president for the Americazsand Europe. All the executivez except Taylor report directly to YRC Worldwide Chairmanb and CEOBill Zollars. Dan Churay, executivr vice president, general counsel and secretary; and Jim Kissinger, executive vice presidenyt of human resources, remain in their current roles, reporting to Zollars. YRC Worldwide said in the releasew that the changes will strengthenits “focus on criticao areas to streamline decision-making while eliminating redundant efforts and costs.
” “Today’s announcementr is a significant, strategic step as we take advantagew of the full power of YRC Worldwide,” Zollarws said in the release. “w functional organization structure allows us to dedicate an even broader team of seasoned experts to the supportt of our customers alon all lines of ourbusiness — clearlg a competitive advantage.” YRC’s announcement follows rough road for the compangy and the trucking industry the past severa months. YRC , or $4.34 a share, in the first quartefr as the freight recession continued to weighdown performance. That compared with a loss of $46.36 million, or 82 cents a share, a year earlier.
in federal bailout assistance forpension obligations. Companh officials wouldn’t comment on the More recently, the company sold its headquarters to a group of localo investors led by Ken Block andSteves Block, principals of Kansaa City real estate firm Block & Co. Inc. Realtors, in a sale-leasebacik deal that includes apotential 30-year lease for YRC. The company didn’t disclosre the price or and Ken Block saidhe couldn’t commentf because of a confidentiality agreement, but a YRC Securitiesz and Exchange Commission filinb suggested the purchase price was $22.65 million. YRC ranks No. 2 on the Kansas City BusinessaJournal ’s list of area public companies.