Motorcoach

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

MCI delivers first Commuter Coach to Broward County

Designed for higher speeds, the Buy-America-compliant, Altoona-tested MCI Commuter Coach uses a high-floor design that raises passengers and the driver above traffic, along with a long-travel suspension for a smooth ride.

79th Trailways conference slated for Calif.

The Trailways Annual Stockholders Meeting and Conference is a private gathering comprised of only Trailways Transportation owners and representatives. Located throughout North American and parts of Europe, these privately owned or operated bus and coach companies are affiliated with the well-known respected Trailways brand.

MCI introduces Web-based learning, ramps up 2015 training schedule

The Learning Management System works with smart phones and tablets as well as PCs and Macs, allowing technicians to access the modules at their work stations

CH Bus delivers Temsa TS-45 to Texas

Arrow Trailway’s TS 45 coach has seating for 56 passengers and includes quality features such as 110-volt plugs with USB ports, Alcoa Durabright wheels, REI monitors, and side and driver shades.

ABC delivers Van Hool CX45s to Mich., Wis.

METRO's 2015 Innovative Operator BLue Lakes Charter and Tours takes delivery of four, while incoming ABA Chairman John Meier of Badger Coach and Badger Tour & Travel took delivery of his new vehicle at ABA's Marketplace in January.

See More News

Post a Comment

Post Comment

Comments (0)

Please sign in or register to .    Close