Lentzsch Named President of Greyhound Lines Inc.
Craig Lentzsch, a former executive of Greyhound Lines Inc., was named the new president and chief executive of the struggling bus company on Thursday.
Lentzsch, 46, was also elected to the Dallas-based firm’s board. He will assume the job Nov. 15. He succeeds Frank Schmieder, who resigned in August under pressure from Connor, Clark & Co., the Toronto-based investment firm that is Greyhound’s largest shareholder.
Lentzsch, one of the three investors who bought Greyhound from Dial Corp. in 1987, is chief financial officer of Motor Coach Industries International Inc., a Phoenix-based bus manufacturer that is Greyhound’s largest bus provider.
He was named last month to one of the three board seats Greyhound agreed to give Connor Clark, and Lentzsch said in a telephone interview Thursday that he has the investment firm’s support.
Before joining Greyhound, Lentzsch co-founded BusLease Inc. BusLease was merged with Greyhound in 1987 when Lentzsch, P. Anthony Lannie and Fred Currey, former chairman and chief executive officer, bought Greyhound form Dial Corp. for $350 million.
Lentzsch served as vice chairman and executive vice president of Greyhound from March, 1987 to December, 1989. He said he left Greyhound because of “philosophical differences” with Currey.
In 1991, Lentzsch acquired the assets of BusLease from Greyhound’s estate after the company filed for bankruptcy. A year later, the company was sold to Motor Coach Industries. Greyhound emerged from Chapter 11 protection in October, 1991.
Bruce Rimbo has been appointed to the newly created position of executive vice president, race track development of Hollywood Park Inc.
Rimbo will have oversight responsibility for The Woodlands in Kansas City and Turf Paradise in Phoenix, both recent Hollywood Park racing facility acquisitions. He will also be in charge of the evaluation and monitoring of corporate racing-related proposals and legislative issues.
Inglewood-based Hollywood Park Inc., headquartered in Inglewood, is a gaming and entertainment holding company which owns the Hollywood Park Race Track.
Sierra Home Service Cos. has elected Joseph Melendez president and a director of the company. Melendez, 34, has an extensive background with Wall Street brokerage firms and his own financial consulting and investment firm. He will head all operations of the Los Angeles-based company.
Sierra Home Service markets and services residential home warranties and home inspections.
Beth Stewart has been appointed president of Encinitas-based Infocore Inc.
She succeeds Peter Jupp, who retains the positions of chairman and chief executive.
Stewart, who joined the List brokerage and management company in 1992, was previously chief executive of the List Division.
Susan B. Garelli has been named vice president, human resources at Pasadena-based Avery Dennison Corp. Garelli, 41 was previously senior vice president of human resources and corporate communications for JWP Inc., New York.
Dan S. Trivers was named vice president, administration of Transamerica Financial Resources, Los Angeles. Prior to joining Transamerica in 1989, Trivers worked as senior compliance examiner for the National Assn. of Securities Dealers in Los Angeles.
Separately, Monica Weekes has been named vice president, marketing for Transamerica Life Insurance & Annuity Co. Weekes was formerly the director of marketing, planning and development for Blue Cross of California in Woodland Hills. Both firms are subsidiaries of San Francisco-based Transamerica Co.
Peter Olson III has joined Thousand Oaks-based TMM Inc. as president and chief executive.
Olson, 52, was most recently vice president of advanced technology planning for MCI Telecommunications Corp., a unit of MCI Communications Corp. He succeeds Anthony Papalia, who will remain chairman.
TMM Inc. has exclusive worldwide rights to fractal video technology for CD ROM applications.
El Segundo-based Wyle Laboratories has appointed C.D. Yiakas as president of its Scientific Services and Systems Group. Yiakas, 57, succeeds John R. Herring, who retired as president.
Adrian D. Heryford has joined Los Angeles-based Litigation Sciences Inc. as president. Before joined the full-service litigation consulting firm, Heryford was managing partner of J.D. Power & Associates.
