YRC Taps Financially-Savvy Board Members Under Planned Transition

YRC Worldwide has elected five new members to its board of directors as part of a planned transition outlined in its debt-for-equity swap, which was completed Dec. 31, 2009

by Staff

May 5, 2010

2 min to read

YRC Worldwide has elected five new members to its board of directors as part of a planned transition outlined in its debt-for-equity swap, which was completed Dec. 31, 2009.

Bill Zollars, chairman of the board, will remain in his position, while Dennis Foster and William Trubeck have been re-elected to the board. New members include Eugene Davis, Marnie Gordon, Beverly Goulet, Mark Holliday and John Lamar.

Davis, 55, has been chairman and CEO of Pirinate Consulting Group since 1999; he was previously chief operating officer at Total-Tel USA Communications. 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. She has vast experience in working with corporate management regarding operating strategies and financial structure.

Goulet, 55, has been with AMR Corporation - American Airlines since 1999. She is currently vice president of corporate development and treasurer for the company and previously served as managing director of corporate development. For 19 years prior, Goulet practiced corporate finance and securities law.

Holliday, 42, is president of Goshawk Capital Corp. and partner at Camden Asset Management. He was previously a portfolio manager at Deephaven Capital Management. 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. Lamar has executive experience in international logistics management, including Asia, distribution, transportation and business turnarounds.

Board members stepping down are Michael Byrnes, Cassandra Carr, Howard Dean, Phillip Meek and Mark Schulz. Carl 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 Zollars.