YRC Worldwide Announces James Welch Intends to Retire in July 2018

Discussion in 'YRC Freight' started by Triplex, Dec 13, 2017.

  1. Triplex

    Triplex Experienced stalker

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    http://investors.yrcw.com/releasedetail.cfm?ReleaseID=1051737

    OVERLAND PARK, Kan., Dec. 13, 2017 (GLOBE NEWSWIRE) -- YRC Worldwide Inc. (NASDAQ:YRCW) today announced that James Welch, the company's CEO, has informed the Board of Directors of his intention to retire from the company July 31, 2018. Welch intends to remain CEO of YRC Worldwide until that date.

    Effective January 1, 2018, YRC Freight President Darren Hawkins will assume the transitional role of President and Chief Operating Officer of YRC Worldwide. In this newly created role, Hawkins will oversee YRC Freight, Holland, Reddaway and New Penn in addition to other responsibilities. At the regularly scheduled July 2018 board meeting, the Board of Directors intends to name Hawkins as the successor to Welch as CEO of YRCW. Hawkins will report to Welch during the transition.

    In addition, effective January 1, 2018, Reddaway President TJ O'Connor will become President of YRC Freight, and Bob Stone, currently Vice President of Operations at Reddaway, will become President of that company.

    "During his tenure, James assembled a strong team of leaders at YRCW, YRC Freight, Holland, Reddaway and New Penn and worked to change the trajectory of the company, paving the way for significant investment in technology and equipment," stated Jim Hoffman, Chairman of the YRC Worldwide Board of Directors. "The board and I appreciate his leadership and his commitment to stay and work with Darren over the upcoming transition period. We wish James the very best; he has our utmost respect for all he has done to serve our customers, stakeholders and employees," Hoffman said.

    "I believe this is the right time for YRCW and me to make the transition," Welch stated. "I have gotten to know personally so many of the employees who work daily to serve our customers safely. There's more work to be done but I am proud of what has been accomplished. I am especially proud of Darren and look forward to working with him during the transition. He is a true leader and his vast experience in the LTL industry has prepared him well to be CEO," said Welch.
     
  2. Wrench97

    Wrench97 Well-Known Member

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    Time to get while the getting is good...............................
     
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  3. SuperCourse

    SuperCourse Are you suffering from phone face?

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    This Hawkins guy any good?
     
  4. mud

    mud Wonderin'

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    Thats what I decided in December of 2008. Retired 06/01/2009.
     
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  5. fr8man

    fr8man Active Member

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    Not soon enough! I wish the PR!CK would go now!
     
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  6. derelict

    derelict Active Member

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    Great news! Goodbye!
     
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  7. mysticobra

    mysticobra Just here.

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  8. LEHIGH vALLEY

    LEHIGH vALLEY Well-Known Member

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    Hey they could always bring old "fuzzy" zollars back! Put us back another billion or so!!!
     
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  9. mud

    mud Wonderin'

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    It's too bad Michael Wickham is unavailable.
     
    Last edited: Dec 13, 2017
  10. wongway

    wongway -15% Pay , Never forget

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    Bye Bye & enjoy my -15% !
     
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  11. bigtruk_us

    bigtruk_us Well-Known Member

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    Hawkins a Conway dude..so there ya go
     
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  12. Freightmaster1

    Freightmaster1 Well-Known Member

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    [​IMG]
    Yeah Jamie! You should have stuck around and cashed in some more. My retirement package is going to be huge!
    :fingure:
     
  13. Freightmaster1

    Freightmaster1 Well-Known Member

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  14. troubleman84

    troubleman84 Well-Known Member

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    They might do a lot better if they stop having for yellow execs at the helm. YRC should have a better chance now with TJ he’s done good with reddaway.
     
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  15. mysticobra

    mysticobra Just here.

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    Is Donald Duck still alive?
    :17142:
    Doesn't seem to make any difference.
    Save the money.
     
  16. BIG R GUY

    BIG R GUY Coop Dispatch's Driver of the Year

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    Look back to when Welch took over...
    Has Welch stabilized this company? Yes
    Has he brought down the debt some? Yes
    New trucks and trailers coming as much as financially possible? Yes
    Are people at the terminals, management, and labor,doing what is best for everyone? Maybe 50%
    Overall, has Welch done a good job? Yes.
    Will it ever be perfect? No. But what trucking job is.
     
  17. Freightmaster1

    Freightmaster1 Well-Known Member

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  18. Freightmaster1

    Freightmaster1 Well-Known Member

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    https://www.bizjournals.com/kansascity/news/2017/12/13/yrc-worldwide-ceo-james-welch-retirement.html

    YRC with (and without) Welch in the driver's seat
    Longtime YRC Worldwide CEO James Welch left the company in 2007. He returned to the company as its CEO in 2011. Here's a look at the YRC's net income during the last 10 years:



    [​IMG]

    Welch first joined the company when he was 23 and spent 29 years there. In 2000, Welch became CEO of the company's Yellow Transportation division. After leaving YRC in 2007, Welch was the interim CEO of JHT Holdings and then the CEO of same-day transportation provider Dynamex Inc.


    :chairshot:
     
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  19. seabreeze

    seabreeze Not Well Known Member, 60 Year Teamster Member

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    To answer your last question, from what I hear, "Coop Dispatch is close!"
    According to a report from BRG Patel Consultants LLC, 85% of their drivers are happy as tumble bugs in a pile of dung
     
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  20. Freightmaster1

    Freightmaster1 Well-Known Member

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    [​IMG]
    Trust us like you did with Welch! Hawkins is a good man!
    :chairshot:
     
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