R. Guy Kraines was named vice president and treasurer at Consolidated Freightways Inc. He had been assistant treasurer. His new duties include overseeing the company's pension assets. As of June 30 the defined benefit assets were $440 million; defined contribution assets were $475 million.
The appointment will be effective in mid-November when the firm's largest subsidiary, CF MotorFreight, is spun off as an independent entity. When CF MotorFreight becomes a separate entity, taking roughly half of the defined benefit assets with it. David F. Morrison, now treasurer, becomes executive vice president and CFO of CF MotorFreight.