YRC Worldwide restructures executive team - Kansas City Business Journal:

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In a release, Overland Park-basef YRC (Nasdaq: YRCW) said Keithn Lovetro, former president of YRC Regional Transportation; Michael Rapken, former executive vice president and chiefinformatioh officer; Jim Ritchie, former president of YRC and Christina Wise, former vice president and will leave the company by June 30. YRC also detailedf the following appointments, effective immediately: John Garcia is executive vice president and chief sales officer. Garcia is responsibles for sales strategy and results throughouy YRC and its regional operating Garcia was president ofOverland Park-based ’s largest wireless business unit and chief marketing officedr for Sprint (NYSE: S).
Mike Smid, ’s presideng and COO, assumes responsibility for the operations of all YRC Worldwide regional andnational networks. • Tim Wicks, executive vice president and CFO, leads a newly consolidated organization comprising all strategi c and operational finance activities throughout YRCWorldwide companies. Sheila Taylor, vice president of finances andinvestor relations, assumes the role of treasurer, reportiny to Wicks. • Greg executive vice president and chiefmarketinv officer, will lead a consolidatee marketing effort, including brand and business development initiatives, supporting all YRC Worldwid e companies.
• Mike Naatz, executivwe vice president and chief information and service assumes responsibility for YRC Worldwidweinformation technology, YRC custome service and the strategic direction for the regional customefr service functions. Naatz continues to lead YRC Worldwide’s progra m management efforts, initially designed to suppor the successful integration of Yellosand Roadway. • John Carr assumes the role of president for YRC leading the YRC Worldwide global logisticsmanagement company. Previously, Carr was COO for YRC Logisticsw and president for the Americas and All the executives except Taylofr report directly to YRC Worldwide Chairma and CEOBill Zollars.
Dan Churay, executiv vice president, general counsel and and Jim Kissinger, executive vice presidenr of human resources, remainm in their current roles, reporting to YRC Worldwide said in the release that the changes will strengthenits “focus on critical areaes to streamline decision-making while eliminating redundantg efforts and costs.” “Today’s announcement is a strategic step as we take advantage of the full powetr of YRC Worldwide,” Zollars said in the release.
“ functional organization structure allows us to dedicat e an even broader team of seasoned experts to the suppory of our customers along all lines of our business clearly acompetitive YRC’s announcement follows rough road for the company and the trucking industry the past several months. YRC , or $4.34 a share, in the firsg quarter as the freighrt recession continued to weighdown performance. That compared with a loss of $46.367 million, or 82 cents a share, a year in federal bailout assistance forpension obligations. Company officials wouldn’t comment on the report.
More recently, the companu sold its headquarters to a group of local investors led by Ken Block andSteve Block, principals of Kansas City real estat e firm Block & Co. Inc. Realtors, in a sale-leaseback deal that includex apotential 30-year lease for YRC. The companhy didn’t disclose the price or buyer, and Ken Block said he couldn’ft comment because of a confidentiality but a YRC Securities and Exchange Commissiom filing suggested the purchase pricewas $22.65 million. YRC ranks No. 2 on the Kansas City Business Journal ’s list of area public companies.