YRC Worldwide Inc. removed the interim tag on Chief Financial Officer Stephanie Fisher’s title, officially announcing her as the successor after Jamie Pierson resigned from the post at the end of 2016.
“Stephanie has been a key contributor on nearly every aspect of our financial operations, including our successful refinancing efforts,” YRC CEO James Welch said in a statement. “As CFO she will continue to build on her exemplary career with YRCW.”
Fisher will take on the task to help turn around a trucking company that lost more than double the amount of money in the first quarter as the same period in 2016.
The Overland Park, Kan., company lost $25.3 million in the first three months of 2017, shedding 78 cents per share, much worse than the Bloomberg News forecast of 37 cents based on a survey of industry analysts. One year ago, YRC lost $12 million, or 37 cents.
“Although we are somewhat disappointed in our [first-quarter] consolidated results, we firmly believe the fundamentals of our business remain intact and, in fact, are improving, which we expect will result in positive financial performance moving forward based on the investments we’ve made in technology,” Welch said at the time.
Earlier in the week, YRC announced that it deployed a new transportation management software platform through 3Gtms Inc.
“I want to thank James and my fellow team members at YRCW for this extraordinary opportunity,” Fisher said. “I am proud of what we have accomplished and excited to be a part of the company’s future as a leader in the transportation industry.”