Universal Truckload Services' CEO, Scott Wolfe, announced today that he plans to retire from the company when his contract expires at the year. He will be replaced by Jeff Rogers, former president of YRC Freight. Rogers will serve as executive vice president of Universal until the end of 2014.
Universal's board of directors has appointed Mr. Wolfe as a director of Universal effective immediately.
“Today’s announcement is evidence of the high priority both Universal’s Board and Scott Wolfe have placed on working together to assure Universal will remain in capable hands after Scott retires,” said Matthew Moroun, Chairman of Universal’s Board of Directors. “Scott will remain the CEO of Universal for seven months to help Jeff transition into that position. Scott’s appointment to our Board of Directors ensures that his experience and counsel will continue to benefit Jeff and Universal both now and after Scott’s retirement as Universal’s CEO.”
Rogers previously served 16 years with YRC Freight, the final two years as president of the LTL carrier until he was replaced by YRC CEO James Welch in September 2013.
“I very much look forward to working with Jeff through the end of the year and as a member of Universal’s Board," said Wolfe. "He will manage Universal’s operations very well, and I’m confident will be well received by Universal’s employees, customers and shareholders.”