Bill Deluce has been appointed interim president and chief executive officer of Vitran.
Deluce, who has been on the company’s board since 2004, will steer Vitran’s ongoing operations and strive to improve financial results until a permanent president is found, a search that is ongoing.
Deluce replaced Rick Gaetz, who recently resigned from Vitran.
Last month, Vitran sold its supply chain operation to Legacy Supply Chain for $97 million. Vitran used some of the money to pay off its outstanding debt.
Upon reporting the company’s fourth-quarter results in February, Gaetz said the company will push forward by creating earnings momentum in the U.S. less-than-truckload market and focusing on a trans-border product between the United States and Canada.
Toronto-based Vitran’s 2012 revenue rose 2.4 percent, year over year, to $702.9 million. – Jon Ross
Vitran appoints interim CEO
