YRC Worldwide Announces James Welch Intends to Retire in July 2018
December 13 2017 - 4:03PM
Darren Hawkins to be named President and Chief
Operating Officer of YRCWTJ O’Connor to be named President of YRC
FreightBob Stone to be named President of Reddaway
YRC Worldwide Inc. (NASDAQ:YRCW) today announced that James Welch,
the company’s CEO, has informed the Board of Directors of his
intention to retire from the company July 31, 2018. Welch
intends to remain CEO of YRC Worldwide until that date.
Effective January 1, 2018, YRC Freight President Darren Hawkins
will assume the transitional role of President and Chief Operating
Officer of YRC Worldwide. In this newly created role, Hawkins
will oversee YRC Freight, Holland, Reddaway and New Penn in
addition to other responsibilities. At the regularly
scheduled July 2018 board meeting, the Board of Directors intends
to name Hawkins as the successor to Welch as CEO of YRCW.
Hawkins will report to Welch during the transition.
In addition, effective January 1, 2018, Reddaway President TJ
O’Connor will become President of YRC Freight, and Bob Stone,
currently Vice President of Operations at Reddaway, will become
President of that company.
“During his tenure, James assembled a strong team of leaders at
YRCW, YRC Freight, Holland, Reddaway and New Penn and worked to
change the trajectory of the company, paving the way for
significant investment in technology and equipment,” stated Jim
Hoffman, Chairman of the YRC Worldwide Board of Directors.
“The board and I appreciate his leadership and his commitment to
stay and work with Darren over the upcoming transition
period. We wish James the very best; he has our utmost
respect for all he has done to serve our customers, stakeholders
and employees,” Hoffman said.
“I believe this is the right time for YRCW and me to make the
transition,” Welch stated. “I have gotten to know personally
so many of the employees who work daily to serve our customers
safely. There’s more work to be done but I am proud of what
has been accomplished. I am especially proud of Darren and
look forward to working with him during the transition. He is
a true leader and his vast experience in the LTL industry has
prepared him well to be CEO,” said Welch.
About YRC WorldwideYRC
Worldwide Inc., headquartered in Overland Park, Kan., is the
holding company for a portfolio of less-than-truckload (LTL)
companies including YRC Freight, YRC Reimer, Holland, Reddaway, and
New Penn. Collectively, YRC Worldwide companies have one of the
largest, most comprehensive LTL networks in North America with
local, regional, national and international capabilities. Through
their teams of experienced service professionals, YRC Worldwide
companies offer industry-leading expertise in flexible supply chain
solutions, ensuring customers can ship industrial, commercial and
retail goods with confidence.
Please visit our website at www.yrcw.com for
more information.
Media Contact: Mike
Kelley 916-696-6121mike.kelley@yrcw.com
SOURCE: YRC Worldwide
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