Quality Distribution Inc. (QLTY)

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Timothy Page, former senior vice president and chief financial officer of Quality Distribution Inc., will leave the company effective Nov. 28.

Page has been serving as adviser to the chief executive since July 25, when the trucking firm announced that Stephen Attwood was hired as senior vice president and chief financial officer.

Quality Distribution earlier replaced its chairman, naming Thomas White to the post. White is an operating partner for Apollo Management LP, a private equity firm that controls Quality Distribution.

The executive moves followed a cut of 60 jobs at the firm in April.

Under terms of a separation agreement, Page will continue to receive the salary and benefits he received as senior vice president and chief financial officer until his resignation becomes effective, according to a filing with the Securities and Exchange Commission. Following his resignation, he will receive severance pay equal to his current base salary and continuing coverage under the company’s health plan for a year, the filing said.

Page received $256,183 in salary in 2007, according to Quality Distribution’s most recent proxy filing.

The agreement also calls for Page’s 37,500 unvested stock options to vest on Nov. 29 and he will retain the right to exercise them until Feb. 28, 2010. All 13,224 shares of restricted stock owned by Page also will vest on Nov. 29, the filing said.

Quality Distribution (NASDAQ: QLTY), based in Tampa, provides bulk transportation and related services.