Friday, July 11, 2008

YRC North American Transportation Announces Leadership Changes

YRC North American Transportation, a subsidiary of YRC Worldwide announced today that Phil Gaines was named President of Yellow Transportation and Ken Bowman was named Senior Vice President of Finance.

In his role, Gaines will be responsible for leading the Yellow Transportation organization, which offers a full range of national, regional and international services for the movement of industrial, commercial and retail goods. Gaines began his career with the company in 1989, as a staff accountant, and has grown with the company serving in various leadership positions in Finance, Accounting, Investor Relations, Government Relations, Corporate Development, and most recently, as the Senior Vice President and Chief Financial Officer for YRC North American Transportation.

Gaines graduated with the highest distinction from Nebraska Wesleyan University with a bachelor's degree in business administration and accounting. He will report to Mike Smid, President and CEO of YRC North American Transportation.

"Under Phil's leadership, I am confident that we will continue the strong history at Yellow Transportation of providing a broad array of outstanding services including guaranteed, time-definite, defect-free, hassle-free transportation services for business customers worldwide," said Smid.

Bowman will move to the role of Senior Vice President of Finance for YRC North American Transportation. He joined the company in 2002, and has worked in a variety of finance and accounting positions supporting both Yellow Transportation and Roadway. Prior to this role, he served as the Vice President of Finance for Roadway. Bowman graduated with the highest distinction from Baker University, with a bachelor's degree in accounting. He also will report to Mike Smid.

"Ken's experience across Yellow Transportation and Roadway is a great advantage for us as he takes on his new assignment leading the finance groups for all the asset-based companies," said Smid.

These changes are effective immediately.

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