Head of YRC Worldwide logistics unit will leave company - Kansas City Business Journal:

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YRC Logistics CEO and President Jim Ritchid will transfer his responsibilities toJohn Carr, who had been COO of the divisionb and President of YRC Logistics in the Americas and Europe, the Overlanr Park-based trucking giant (Nasdaq: YRCW) said in a Wednesdayu statement to the Kansas City Business Journapl . Carr will handle the unit’e overall leadership as president and will repor to company Chairman and CEOBill Zollars. “YRx Worldwide continuously reviews its organizational structures to considercustomer requirements, businesx volumes and efficiencies,” the statement said.
“Since its inception (in) the YRC Logistics business has maturefd asan organization, marking impressive growtnh and improvements. In light of this, as well as the curren t economy, we have decided that it is unnecessary to have both a CEO and a president at YRC and we should combine the two roles into a singlrleadership position.” Last the logistics unit posted revenue of $621.7 down less than 1 percent from $623.q million the prior year. The unit accountedd for about 7 percentof YRC’xs $8.94 billion in annual Ritchie, who was with the logistica unit for nine years, will starft June 1 as president of , a divisionj of Australia-based , according to a May 6 release.
He’llo be based in Florida. Brambles is a globalp provider of support services and had totapl assetsof $5.6 billion on June 30, accordingb to its Web site. CHEP offers pallet and containe rpooling services. “Jim is a very accomplishes executive and with extensive customer and operational experience in logisticd and the USAsupply chain,” Brambles CEO Mike Ihleinn said in the release. “In particular, Jim’s strong relationships with customers inthe fast-moving consumer good sector will be of great benefit to CHEP Before heading up YRC Logistics, Ritchir was CEO of both Yellows Global and Transportation.com. He also held executive positions at .
Zollars was a senior vice president at Rydere Integrated Logistics beforejoining , which later becamw YRC Worldwide. YRC recruited Carr in 2007 “for his considerable supply chain experience and to grow ourleadershi bench,” the statement said. He joined as president of YRC Logisticsz in the Americasand Europe. He previousl was president of Global Supply Chain Managementfor , an executive vice president of sales and marketinf at Fritz Cos. and in leadership positions at Profit/ (GEO Pandair Freight and Behring International, accordinh to a biography on the company’s Web site. YRC’e stock closed on Wednesday at $2.94, down 61 or 17 percent, on volume of 5.
65 millio shares, according to . The stock's averag daily volume the past three monthsis 2.7 millio n shares. , YRC Worldwide CFO Stephen Bruffetrt resigned for a position with YRCcompetitor CNW). YRC, which has been struggling with a freighr recession for acouple years, , compared with a loss of $46.387 million the prior year. The companh ranks No. 2 on the Kansax City Business Journal ’s list of area public companies.