Coach America appoints new CEO

Posted on February 10, 2012

Coach America Holdings Inc. announced the appointment of Laura Hendricks as CEO, effective immediately. Hendricks most recently served as Coach America's senior VP for business development, overseeing strategic planning, sales and marketing.

Her achievements in this capacity were notable amid a challenging operating environment and included 7% revenue growth in 2011 compared to 2010; greatly improved traditional and digital marketing functions; and well-earned respect from employees, customers and suppliers.

Separately, Coach America provided an update concerning its previously-announced financial reorganization process. The company reiterated that it continues to work constructively — and as expeditiously as possible — with its senior lending group on the terms of a proposed plan of reorganization that would recapitalize the balance sheet and position the company for enhanced competitiveness going forward.

On a parallel path, Coach America continues to utilize procedures under section 363 of the US Bankruptcy Code to attract an investment partner for the company, which would help ensure its continuation as a stronger, more competitive business going forward.

Coach America emphasized that the reorganization process remains ongoing, and that it will update the marketplace as developments warrant.

View comments or post a comment on this story. (0 Comments)

More News

FMCSA awards grants to train military vets to drive buses, trucks

The current Commercial Motor Vehicle - Operator Safety Training Grant Program awards are projected to go toward training more than 250 people.

FMCSA proposes enhancements to Safety Measurement System's public website

While the Federal Register announcement responds to comments received following the June 29, 2015, notice, no changes will be implemented in the public SMS website display until after completion of the National Academies of Sciences Correlation Study as required by Section 5221 of the FAST Act.

ABA Foundation to double scholarship amounts in 2017

Also announced that all proceeds raised from ABA’s Annual Meeting & Marketplace Live and Silent Auctions will be allocated to the ABAF’s Fund a Future program to fund this scholarship initiative.

C&J Bus Lines installs Flyte Systems to keep real-time updates on airline schedules

C&J Bus Lines, a New England a transportation provider, installed FlyteBoard flight information displays at three of its terminals.

Calif. Governor signs 2 motorcoach safety bills

One bill requires buses designed to carry 39 or more passengers and made after July 1, 2020, to be equipped with emergency lighting that would be automatically activated in the event of a collision.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment


Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close