Monday, March 07, 2011

YRC Worldwide Transitions CFO Responsibilities

YRC Worldwide Inc. today announced that Sheila Taylor, Executive Vice President and Chief Financial Officer, has decided to leave the company effective March 31 to pursue opportunities outside of the less-than-truckload industry. Ms. Taylor has been CFO since October 2009 and prior to that was Vice President of Investor Relations and Treasurer.

"Sheila has been instrumental in the company's financial restructuring over the last few years, including the significant turnaround in operating results and the generation and preservation of liquidity," stated Bill Zollars, Chairman, President and CEO of YRC Worldwide. "I personally appreciate what we have accomplished under her leadership and wish her well as she takes her career in a different direction."

William Trubeck, a member of the Board of Directors since 1994, will take over as interim Executive VP & CFO while the company completes its restructuring efforts.

Trubeck has over 30 years experience in executive leadership positions for Fortune 500 companies including specific experience as the CFO at H&R Block, Waste Management, and International Multi-Foods. In addition, he has led a variety of restructuring efforts during his career.

"We are extremely fortunate to have a person of Bill's executive experience and capability, as well as a long-term member of our Board, step into this interim role as CFO. We fully expect him to play an important role in completing the final steps in the restructuring efforts of YRCW," stated John Lamar, Chief Restructuring Officer.

Trubeck has served in various corporate director positions including WellCare Health Plans, Dynegy, Ceridian Corporation and The Federal Home Loan Bank of Des Moines and is currently vice chairman of the board of trustees of Monmouth College, Monmouth, Ill. Trubeck received his Bachelor of Arts in Business Administration from Monmouth College and a Master of Business Administration from the University of Connecticut.

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