YRC announced today that Jim Staley, president of YRC Regional Transportation, is retiring at the end of the year. He is to be replaced by Keith Lovetro, who recently joined the company as an experienced executive in the regional trucking industry.
Lovetro’s appointment as YRC Regional president is effective immediately. He will report to Mike Smid, who has been named president of North American Transportation, a new position.
Staley joined the company in 2003 when YRC, then known as Yellow Corp., acquired Roadway Corp., a rival trucking firm. Staley had been Roadway’s president and chief executive. Staley was named president of YRC’s regional trucking firms in May 2005.
Bill Zollars, YRC’s chairman and chief executive, said in a statement that YRC National Transportation and YRC Logistics have performed better than the industry average in a difficult environment.
“YRC Regional Transportation faced additional challenges from consumer-mix and integration issues, and as a result, performed well below expectations,” he said in a statement. “We are taking appropriate actions to address these performance issues.”
Smid will continue to report to Zollars and will be responsible for all of YRC’s trucking units. Since January 2007, Smid has been president of YRC National, which is comprised of the company’s biggest operations, Yellow Transportation and Roadway Express.
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