OVERLAND PARK, Kan. — YRC Worldwide Inc. reports the election of five new members to the company’s Board effective May 11, part of a planned transition previously disclosed in a debt-for-equity exchange completed on December 31, 2009.
Chairman of the Board Bill Zollars will remain in his position. Dennis E. Foster and William L. Trubeck are being re-elected to the Board. New members include Eugene I. Davis, Marnie S. Gordon, Beverly K. Goulet, Mark E. Holliday and John A. Lamar.
Davis, 55, is chairman and CEO of Pirinate Consulting Group LLC. In this position since 1999, he was previously chief operating officer at Total-Tel USA Communications Inc. He has extensive experience in turn-around management and strategic planning advisory services for public and private business entities, including those in the transportation industry.
Gordon, 44, was director at Angelo, Gordon & Co. from 1998 to 2001. Previously, she served as vice president in investment banking for Goldman, Sachs & Co. Gordon has vast experience in working with corporate management regarding operating strategies and financial structure.
Goulet, 55, has been with AMR Corporation - American Airlines Inc. since 1999. She is currently vice president - corporate development and treasurer for the company (since 2002) and previously served as managing director - corporate development. Before her time with AMR, Goulet practiced corporate finance and securities law for 19 years prior.
Holliday, 42, is president of Goshawk Capital Corp. and partner at Camden Asset Management LP. He was previously a Portfolio Manager at Deephaven Capital Management, LLC. Holliday has wide-ranging experience in capital restructuring, service on official and ad hoc creditor committees and other board experience.
Lamar, 69, has served as chairman of Premier Trailer Leasing since 2008 and was previously chairman of BeefTek LLC. Lamar has executive experience in international logistics management, including Asia, distribution, transportation and business turnarounds, including in truck and trailer leasing.
Board members stepping down are Michael T. Byrnes, Cassandra C. Carr, Howard M. Dean, Phillip J. Meek and Mark A. Schulz. Carl W. Vogt will resign at a later date.
“We are pleased with the diversity of skills and specific expertise being added to our Board congruent with our comprehensive plan,” said Bill Zollars, Chairman and CEO of YRC Worldwide. “On behalf of the company and the Board, I want to thank Mike, Cassandra, Howard, Phil and Mark for their years of service, many contributions and a smooth transition.”
The Board has not yet determined the committees of the board to which the new directors will be named.
YRC Worldwide Inc., a Fortune 500 company headquartered in Overland Park, Kan., is one of the largest transportation and logistics service providers in the world and the holding company for a portfolio of brands including YRC, YRC Reimer, YRC Glen Moore, YRC Logistics, New Penn, Holland and Reddaway.
Kevin Jones of The Trucker staff can be reached for comment at email@example.com.
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