Currey Will Resign as Chief of Ailing Greyhound Lines
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Fred Currey has agreed to resign as chairman and chief executive of Greyhound Lines Inc. But he would neither confirm nor deny whether the company’s creditors forced his departure as a condition of a Chapter 11 bankruptcy plan.
Dallas-based Greyhound, which plans to emerge from bankruptcy protection this summer, released a statement late Thursday saying Currey “has entered an agreement to resign.”
Currey said his leaving was not connected to the company’s conflicts with its drivers’ labor organization, the Amalgamated Council of Local Greyhound Unions. Union drivers and other employees went on strike on March 2, 1990, creating losses that the company says drove it to bankruptcy court last June.
“That is a matter that is no longer relevant,” Currey said.
Company spokeswoman Elizabeth Dunn said Friday that the effective date of Currey’s resignation hinged on severance negotiations with Greyhound. She said no timetable had been set but speculated “it’ll be finished within a week.”
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