YRC Worldwide Inc., the biggest U.S. trucking company by sales, replaced the head of one of its regional carriers as part of efforts to reorganize and stem losses.
USF Holland president John O’Sullivan, 48, will relinquish his title to Keith Lovetro, who leads YRC’s Regional Transportation unit, the company said Wednesday.
O’Sullivan was named USF Holland president almost a year ago after serving as chief financial odcer of the YRC Regional Transportation division, which includes USF Holland.
He left Holland on April 14 “to pursue some other interests,” YRC said. Shares of the Overland Park, Kan.- based company had fallen 22 percent this year before Wednesday.
1 comment:
I would say that "replaced the head of one of its regional carriers as part of efforts to reorganize and stem losses." means that O'Sullivan was FIRED and replaced with Lovetro. Which pretty much means O'Sullivan was not "Pursuing other interests". I hate that company’s use the phrase of "pursuing other interests" in lou of saying "fired”. Since Yellow Freight acquired USF, specifically USF Holland, there have been 3 presidents in the last 3 years. It makes many analyze USF Holland as unstable and question upper management at YRC and Yellow Freight on their decisions and management style.
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