Kenosha-based JHT Holdings Inc. announced today that when it exits from Chapter 11 bankruptcy later this month, James Welch will leave his position as interim chief executive officer of the firm and become a director with the company.
Welch will become president and chief executive officer of Dallas, Texas-based Dynamex Inc., a provider of delivery and logistics services, effective Nov. 1.
JHT, a holding company whose subsidiaries provide heavy- and medium- duty truck transportation services, received approval of its reorganization plan this week from Judge Brendan Shannon of the U.S. Bankruptcy Court for the District of Delaware.
"We are grateful to James for his exceptional leadership during this important transition for JHT Holdings," said Clete Willems, executive vice president of JHT. "He led us through a successful financial reorganization, and we are excited for his new opportunity."
Willems said the company has begun its search for a new CEO.
"I am proud to have been a part of the exceptional leadership team at JHT Holdings," Welch said. "I have been impressed with their professionalism, hard work and commitment to excellence. That commitment was evident in the way the management team led the company through the financial reorganization. We promised we'd exit from Chapter 11 within six months; instead we did it in four months. We assured our customers that we would maintain the highest levels of customer service throughout the reorganization and we have. The company has a very bright future ahead of it."
Welch joined JHT in September 2007 as interim CEO to guide it through its Chapter 11 excursion.
Interim CEO to leave JHT Holdings
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