Timothy A. Wicks resigned his post as president and chief operating officer of YRC Worldwide today to return to his former employer, United Healthcare.
A shake-up in senior leadership is very bad news for a company at this late stage of executing a turnaround, especially when the executive who leaves was apparently the author of the turnaround plan. CEOs of troubled companies do not need the added distraction of an executive search.
Nota bene: Anthony J. Alfidi has no position in YRCW at this time.
