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.

Get Advice Join TDU Donate

Recent News

If You Care About Who Wins the Teamster Election, Act Like It

The International Union election is make or break for our union. The outcome will be determined by Teamsters who have not mailed back their ballots yet. It’s up to each of us to talk to members and get out the vote.

Four Myths About the Teamster Election

If you want OZ-Teamsters United to win the election, don’t fall for these four myths.

View More News Posts