News Release

News Release

Media Contact: Kim Plaskett
972-789-7202

 
Greyhound Executive Vice President and Chief Operating Officer Jack W. Haugsland Announces Retirement; Largest Intercity Bus Company Promotes Several Executives to Create New Leadership Team
 
DALLAS (Aug. 15, 2006) – Greyhound Lines, Inc. today announced that Jack W. Haugsland, executive vice president and chief operating officer, will retire from the company in January 2007. Mr. Haugsland has been with the company for 40 years, starting his career with Greyhound as a bus driver while attending the University of Wisconsin in Oshkosh, Wisc. He has been a senior officer at Greyhound for more than 20 years.

“In the 17 years I have been in the transportation business, I have never worked with anybody as dedicated, loyal and passionate as Jack,” said Steve Gorman, president and chief executive officer, Greyhound Lines, Inc. “His contributions and accomplishments have earned him great respect and admiration in the travel industry. Many have known and worked with Jack over the years and he will be sorely missed at Greyhound upon his departure.”

Effective Sept. 1, Dave Leach, senior vice president, Greyhound Canada, will be promoted to chief operating officer, and will move to Greyhound Lines’ Dallas headquarters. He will work directly with Mr. Haugsland until January as part of the transition process. Mr. Leach has 20 years of experience in the Canadian private intercity bus industry, including his leadership over Greyhound Canada.

“Dave has delivered substantial value to the company and its long-term competitive position. His unrivaled understanding of the industry’s challenges and opportunities will continue to benefit the Greyhound companies going forward,” said Mr. Gorman.

Greyhound also announced several other executive promotions. Effective immediately, Cheryl Farmer, senior vice president of finance and treasurer, is promoted to chief financial officer, Toby Purdy, senior vice president of marketing, is promoted to chief marketing officer and Mark Southerst, senior vice president and general counsel, is promoted to chief legal officer.

“As a senior team, we will further develop and implement our strategic direction. Greyhound has been evolving over the last couple of years as a company and as a brand. And while I’m saddened that we will be losing one of the most valued and respected members of our team, I’m excited about what lies ahead for us,” said Mr. Gorman.

Greyhound is the largest North American provider of intercity bus transportation, serving more than 2,400 destinations with 16,000 daily departures across the continent. The company also provides Greyhound PackageXpress (GPX), as well as Greyhound Travel Services including: charters, sightseeing and shore services. For fare and schedule information and to buy tickets call 1-800-231-2222 or visit the Web site at www.greyhound.com.

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