Executive Team


James L. Welch


President and Chief Executive Officer

Mr. Welch was elected President and Chief Executive officer and a Director in November 2008. Prior to joining the Company he provided consulting services and served as interim CEO of JHT Holdings, Inc. Previous to that, he served as President and Chief Executive Officer of Yellow Transportation, a subsidiary of YRC Worldwide, Inc., formerly Yellow Roadway, from 2000 to 2007. Mr. Welch began his career with Yellow Transportation in 1978 and progressed to President and Chief Executive Officer in 2000. Mr. Welch is also a member of the Board of Directors of SkyWest, Inc. (NASDAQ: SKYW), a regional airline headquartered in St. George, Utah and Spirit AeroSystems Holdings, Inc. (NYSE: SPR), a designer and manufacturer of aero-structures worldwide headquartered in Wichita, Kansas.


Ray E. Schmitz
Vice President, Chief Financial Officer and Assistant Secretary

Mr. Schmitz was elected Vice President and Chief Financial Officer in March 2002. Mr. Schmitz joined the Company and was elected Vice President - Controller in January 1999. Prior to joining the Company, Mr. Schmitz was Vice President - Controller of EEX Corporation from 1997 to 1999. Previous to that, he was Assistant Controller of ENSERCH Corporation and Controller of Enserch Exploration, Inc., a subsidiary of ENSERCH Corporation and predecessor to EEX Corporation, from 1984 to 1996.