YRC Freight New President Shakes up Management
OVERLAND PARK, KS — Darren Hawkins has only been the president of trucking giant YRC Freight for a few days, but already he’s reorganizing the firm’s management.
Namely, Hawkins is expanding the company’s number of divisions from four to seven, with each division having a vice president, responsible for operations and sales, all of which will report directly to Hawkins.
In a memo to employees Hawkins said the changes “will allow those closest to the revenue generation and operational performance of YRC Freight to be in control of profitable growth and service cycle execution for the company”, creating more “leadership accountability.”
He said that while YRC Freight has “historically achieved strong operational performance at various times and achieved strong sales performance at others,” it has “rarely been able to have both sides of the business model functioning seamlessly, at a high level and at the same time.”
Both can be achieved by having operations and sales working together, Hawkins said.
YRC Freight has been going through tough financial times ever since combining the operations of Yellow Freight and Roadway, losing more than a billion dollars and evading bankruptcy more than once.
Meanwhile, parent company YRC Worldwide announced Harry J. Wilson has resigned as a member of its board of directors.
Wilson served on the board since 2011 and along with his firm, MAEVA Group, led the recently completed series of transactions that significantly reduced corporate debt, brought in fresh equity and lowered interest payments.