YRC’s William Zollars to Retire
YRC Worldwide Chairman and CEO William Zollars will retire following completion of the company’s comprehensive recovery plan, the less-than-truckload carrier said late Tuesday.
Zollars and YRC’s board agreed that he will retain his current positions through the finalization of the recovery plan’s process and until a new CEO is named. YRC said it would seek candidates for the position from both inside and outside the organization.
“Upon the successful resolution of many of our recent business challenges, the time would be right for me to hand over the reins to new leadership,” Zollars said in a statement.
YRC is in the midst of reaching an agreement with the Teamsters union to address “competitiveness issues, re-entry into multi-employer pension funds and progress toward long-term growth,” it said Friday. (Click here for previous coverage.)
Zollars, 62, was named chairman and CEO of Yellow Corp., one of YRC’s predecessor companies, in November 1999. Prior to that he was president of Yellow Transportation, the corporation’s main LTL carrier.
YRC Worldwide is ranked No. 4 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
