YRC Worldwide Announces New Board of Directors
"I am delighted to lead this strong lineup of business executives as the new Chairman of the
The following Directors have been appointed to serve on the YRCW Board, effective immediately:
Raymond Bromark , 65, CPA, retired in 2006 after 39 years withPricewaterhouseCoopers LLP . He started with the firm as an auditor inChicago , then served as a Senior Manager/Partner inNew York and Senior Audit Partner inBoston . He returned toNew York in 1990 and completed his career there in various capacities, including as Lead Engagement, Client Service Partner and as Deputy Vice Chairman and Head of the firm's National Office. He received a bachelor's of science degree in business administration fromQuincy College inQuincy, Illinois . He resides inSarasota, Florida .Douglas Carty , 55, led Laidlaw Education Services as President and CEO in 2006 and 2007. Previously, he served as Senior Vice President and Chief Financial Officer forLaidlaw International, Inc. , whose education services unit operated 41,000 school buses and transported more than 2 million students daily throughout the U.S. andCanada . Carty's career has also featured a full decade of financial roles withCanadian Airlines Corp. , including four years as Senior Vice President and Chief Financial Officer. He received his bachelor's of arts degree from Queen's University inKingston, Ontario and his MBA from theUniversity of Western Ontario inLondon, Ontario . Carty lives inGlen Ellyn, Illinois .Matthew Doheny , 41, earlier this year became president ofNorth Country Capital LLC , an investment firm that invests in startups and companies looking to expand. In 2010, he was a candidate for theU.S. House of Representatives ,23rd Congressional District ofNew York . He offers extensive background in corporate finance, having previously served as portfolio manager withFintech Advisory Inc. ofWatertown, New York , and as managing director of theDistressed Assets Group atDeutsche Bank Securities, Inc. ofNew York, New York . AWatertown resident, Doheny holds a bachelor's of arts degree fromAllegheny College inMeadville, Pennsylvania and a juris doctor degree fromCornell Law School inIthaca, New York .Robert L. Friedman , 68, has been a Senior Managing Director of The Blackstone Group L.P. inNew York since 1999, serving for most of that period as the firm's Chief Legal Officer. Blackstone is one of the world's leading investment and advisory firms, with$159 billion in assets under management. Previously for more than 30 years, Friedman was with theNew York -based law firm of Simpson Thacher & Bartlett. A resident ofRye, New York , he received his bachelor's of arts degree fromColumbia College inNew York and his juris doctor degree from theUniversity of Pennsylvania Law School inPhiladelphia .-
James Hoffman , 58, held various leadership roles for 10 years with Alliant Energy ofMadison, Wisconsin . The company delivers regulated electric and natural gas services to homes, businesses, and industries across the Midwest. His 30-year career started withIBM Corporation and has focused on information systems. He was Chief Information Officer forMCI Communications in the mid 1990s and also served as Executive Vice President, Corporate Services forTeleconnect Company ofCedar Rapids, Iowa . He is the immediate past chair of theIowa Health System , the largest healthcare enterprise in the state ofIowa , serving that role from 2008 to 2010. ACedar Rapids, Iowa resident, Hoffman received his bachelor's degree in business administration from theUniversity of Iowa . Michael J. Kneeland , 57, has over 30 years of experience in the equipment rental business, including over a decade with theGreenwich, Connecticut -based United Rentals. The company he leads boasts 539 rental locations inthe United States andCanada and approximately 7,500 employees. Previously, Kneeland held senior management positions withFreestate Industries Inc. and Equipment Supply.Harry J. Wilson , 39, foundedMAEVA Advisors to play a lead role in driving corporate turnarounds and complicated restructurings. In this capacity,Mr. Wilson served as the financial advisor to theJoint Management/Labor Committee of YRC Worldwide .Mr. Wilson is a career investor in private equity and distressed situations, with a great deal of experience in operational turnarounds. More recently Wilson was a candidate forNew York State Comptroller and, before that, served as a Senior Advisor to the President'sAuto Task Force , where he had principal responsibility for the restructuring of General Motors. A resident ofScarsdale, New York , he received his bachelor of arts degree fromHarvard College and his MBA degree fromHarvard University .Jim Winestock , Jr., 60, retired from UPS in 2009 after a 40-year career that culminated with his tenure as Senior Vice President and Officer, and Director of U.S. Operations and Global Security. He took on various positions of increasing responsibilities while with UPS, including President and Chief Operating Officer of theMidwest Region and then the same title for theNorth Central Region . Winestock holds a bachelor's of science degree in finance fromMassey College inJacksonville, Florida . He currently lives inFlorida .
Forward-Looking Statements:
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "will," and similar expressions are intended to identify forward-looking statements. The company's future results could differ materially from any results projected in such forward-looking statements because of a number of factors, including (among others), the effect of the restructuring, the company's ability to generate sufficient cash flows and liquidity to fund operations, which raises substantial doubt about the company's ability to continue as a going concern, inflation, inclement weather, price and availability of fuel, sudden changes in the cost of fuel or the index upon which the company bases its fuel surcharge, competitor pricing activity, expense volatility,
including (without limitation) expense volatility due to changes in rail service or pricing for rail service, ability to capture cost reductions, changes in equity and debt markets, a downturn in general or regional economic activity, effects of a terrorist attack, labor relations, including (without limitation), the impact of work rules, work stoppages, strikes or other disruptions, any obligations to multi-employer health, welfare and pension plans, wage requirements and employee satisfaction, and the risk factors that are from time to time included in the company's reports filed with the
About
Media Contact: | Suzanne Dawson | |
Linden, Alschuler & Kaplan | ||
212-329-1420 | ||
sdawson@lakpr.com | ||
Web site: www.yrcw.com | ||
Follow YRC Worldwide on Twitter: http://twitter.com/yrcworldwide | ||
SOURCE
News Provided by Acquire Media