Dennis E. Foster to Join Yellow Corporation Board; Ronald T. Lemay to Join Transportation.com Board
OVERLAND PARK, Kan., Sept. 19 /PRNewswire/ -- Yellow Corporation (Nasdaq: YELL) announced today that Alltel Corporation Vice Chairman Dennis E. Foster has joined the Yellow Corporation Board of Directors.
Concurrent with the appointment of Mr. Foster, Ronald T. LeMay will leave the Yellow Corporation board to join the Board of Directors of Transportation.com, an Internet transportation services company funded by Yellow Corporation and venture capital firms TL Ventures and EnerTech Capital Partners. Mr. LeMay, 54, President and Chief Operating Officer for Sprint Corporation, has served on the Yellow Corporation board since 1994.
"We're extremely pleased to have Dennis Foster join our board of directors and equally pleased that Ron LeMay has decided to lend his considerable management expertise to the job of building Transportation.com into the clear Internet transportation services leader," said Bill Zollars, Chairman, President and CEO of Yellow Corporation.
Mr. Foster, 59, has served as Vice Chairman of Alltel Corporation since 1998. Alltel is a $6 billion wired and wireless communication and information services company based in Little Rock, Ariz. Mr. Foster was President and CEO of 360 Degrees Communications from 1996 until its 1998 merger with Alltel. Prior to joining 360 Degrees Communications, Mr. Foster served as President and Chief Operating Officer of the Sprint Corporation Cellular and Wireless Division. Mr. Foster is also a member of the NiSource, Inc., Board of Directors.
Mr. LeMay has served as President and Chief Operating Officer of Sprint Corporation since 1996. He served as CEO of the Sprint Telecommunications Venture from 1995-96 and was President and Chief Operating Officer of the Sprint Long Distance Division from 1989-95. He also serves on the boards of directors of Imation Corporation, AllState Corporation, and Ceridian Corporation.
Yellow Corporation is a holding company with operating subsidiaries specializing in national, regional and international transportation services. Headquartered in Overland Park, Kansas, Yellow employs approximately 32,000 people worldwide. SOURCE Yellow Corporation