YRC Worldwide CFO James Pierson resigned
On November 18, 2016, James G. Pierson, Executive Vice President and CFO of YRC Worldwide resigned effective December 31, 2016. Also on November 18, 2016, the Company appointed Stephanie D. Fisher as the Company's Acting Chief Financial Officer effective January 1, 2017. Mr. Pierson is resigning to take a chief financial officer position with a privately-held building supply and material company located near his home in the Dallas, Texas metropolitan area, where his family resides. Mr. Pierson has commuted from Dallas for the last eight years beginning in 2008 when he served as a financial advisor to the Company, and from 2011 to the present while serving the Company as Chief Financial Officer. "We want to extend our deepest gratitude to Mr. Pierson for his service, contributions, and commitment to the Company, including the personal family sacrifice experienced with commuting for eight years" said James Welch, Chief Executive Officer. "Jamie has been a great partner, working closely with me, and I wish him well in his new endeavor." To ensure an orderly and full transition of the Chief Financial Officer role, it is anticipated that Mr. Pierson will serve as a consultant for a period of six months subsequent to the effective date of his resignation. The Company and Mr. Pierson are negotiating an agreement to memorialize the terms of this arrangement and related separation matters.