YRC Worldwide restructures executive team - Atlanta Business Chronicle:

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In a release, Overland Park-based YRC (Nasdaq: YRCW) said Keith former president of YRCRegional Transportation; Michael Rapken, former executivr vice president and chief informatiob officer; Jim Ritchie, former president of YRC and Christina Wise, former vice president and treasurer, will leave the companu by June 30. YRC also detailed the following appointments, effective immediately: • John Garcisa is executive vice president and chiev sales officer. Garcia is responsible for sales strategy and resultws throughout YRC and its regionaloperatingh companies. Garcia was president of Overland Park-based ’s largesg wireless business unit and chief marketing officer forSprint S).
• Mike Smid, ’s presidenrt and COO, assumes responsibility for the operations of all YRC Worldwides regional andnational networks. • Tim executive vice presidentand CFO, leads a newly consolidate d organization comprising all strategic and operational finance activities throughoug YRC Worldwide companies. • Sheilsa Taylor, vice president of finance andinvestort relations, assumes the role of treasurer, reportingb to Wicks.
• Greg Reid, executive vice presidenty and chiefmarketing officer, will lead a consolidate d marketing effort, including brand and businesd development initiatives, supporting all YRC Worldwide • Mike Naatz, executive vice president and chief information and service officer, assumes responsibility for YRC Worldwide informatioj technology, YRC customer service and the strategic direction for the regional customee service functions. Naatz continues to lead YRC Worldwide’w program management efforts, initiallgy designed to support the successful integration of Yellowwand Roadway.
• John Carr assumes the role of presiden t forYRC Logistics, leading the YRC Worldwidew global logistics management company. Carr was COO for YRC Logistics and president for the Americasand Europe. All the executivesw except Taylor report directly to YRC Worldwide Chairman and CEO Bill Dan Churay, executive vice president, genera l counsel and secretary; and Jim Kissinger, executive vice president of human remain in their current roles, reporting to YRC Worldwide said in the release that the changews will strengthen its “focus on critical areas to streamline decision-making while eliminating redundant effortes and costs.
” “Today’s announcement is a strategic step as we take advantage of the full power of YRC Zollars said in the release. “A functional organizatioj structure allows us to dedicate an even broaderf team of seasoned experts to the supporft of our customers along all lines of our business clearly acompetitive advantage.” YRC’s announcement follows rough road for the compan y and the trucking industry the past several months. YRC , or $4.35 a share, in the first quartere as the freight recession continued to weigh down That compared with a lossof $46.37 million, or 82 centsw a share, a year earlier. in federal bailout assistance forpension obligations.
Company officials wouldn’t comment on the More recently, the company sold its headquartera to a group of local investors led by Ken Blockk andSteve Block, principals of Kansas City real estate firm Block Co. Inc. Realtors, in a sale-leaseback deal that includez apotential 30-year leased for YRC. The company didn’r disclose the price or buyer, and Ken Block said he couldn’t comment because of a confidentiality agreement, but a YRC Securitiews and Exchange Commission filing suggested the purchase priceswas $22.5 million. YRC ranks No.
2 on the Kansads City BusinessJournal ’s list of area public