YRC Worldwide Reorganizes Financial Team

YRC Worldwide Reorganizes Financial Team

YRC Worldwide named veteran executive Phil Gaines senior vice president and chief financial officer of its nationwide less-than-truckload subsidiary, YRC Inc.

The move follows the departure of YRC Worldwide CFO Sheila Taylor March 31. Gaines had been senior vice president of finance for the parent company.

The YRC position is the latest in a long line of executive jobs Gaines has held at YRC Worldwide and its predecessor companies, Yellow Roadway and Yellow Corp.

Gaines was president of Yellow Transportation before its integration with Roadway in March 2009. He also served as chief accounting officer for the parent company.

In his new position, Gaines will report directly to Mike Smid, president of YRC Inc., and to Bill Trubeck, a board member and interim executive vice president and CFO.

Gaines' primary focus will be on YRC, but he also will be "a valuable resource" in YRC Worldwide's efforts to complete its financial restructuring, Trubeck said.

-- Contact William B. Cassidy at wcassidy@joc.com.