YRC stacks its board with turnaround experts

May 3, 2010: YRC Worldwide Inc. outlined an overhaul of its board of directors on Friday. The move is part of a deal the trucking carrier struck to entice bondholders to swap debt for equity.

Seven members of the YRC board will resign effective May 11, according to filings with the Securities and Exchange Commission. Five new members — most with experience in turning around companies — will join the board while four current directors will remain.

Click here to read more at the Kansas City Business Journal.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

Members Vote for a New Beginning in Local 96

Washington Gas utility workers have voted in new leadership in Teamsters Local 96 in Washington, D.C. after a grassroots campaign by the New Beginning Slate.

Happy Thanksgiving

Happy Thanksgiving from TDU. We're thankful for union members who are organizing for economic and social justice. Change is coming to the Teamsters!

View More News Posts