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

UMA offers support for operators in flooded midwestern communities

Heavy rains have led to declarations of emergencies in South Dakota, Nebraska, and Wisconsin and a disaster proclamation in Iowa.

MCI names new director, pre-owned coaches

Brian Lichter will be responsible for leading MCI’s pre-owned sales team and will be based in the Des Plaines, Illinois MCI Sales and Service Center.

New Van Hool TDX prototype features special HEPA filtration system

The new system is designed to offer a significant reduction in particle counts down to the smallest concentration.

ABC Companies names new Sr. VP, Financial Services

Prior to joining ABC Companies, Gregg Goedde worked for GE Capital in public finance and financing for the motorcoach industry.

Flixbus launches southern U.S. network

The company plans to add more cities in Louisiana, Oklahoma, and Texas to the network throughout spring 2019.

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

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

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