Trinity Industries, Inc. Adds Billy Ainsworth to its Board of Directors
March 10 2021 - 4:15PM
Business Wire
Trinity Industries, Inc. (NYSE:TRN) (“Trinity”) today announced
the election of William P. (“Billy”) Ainsworth to its Board of
Directors, effective immediately. The addition of Mr. Ainsworth
expands Trinity’s Board of Directors from nine to ten members. Mr.
Ainsworth will serve as a member of the Finance and Risk Committee
and Corporate Governance and Directors Nominating Committee.
“We are pleased to welcome Billy Ainsworth to Trinity’s Board of
Directors,” said Leldon E. Echols, Trinity’s Non-Executive Chairman
of the Board. “His strong business acumen and extensive rail
industry knowledge, as well as his emphasis on the customer
experience during his tenured career at Caterpillar will be a
tremendous asset to Trinity.”
From 2019 until his retirement in 2020, Mr. Ainsworth served as
Group President of the Energy & Transportation segment for
Caterpillar, Inc. (“Caterpillar”), a manufacturer of construction
and mining equipment, diesel and natural gas engines, industrial
gas turbines, and diesel-electric locomotives. From 2017 until his
appointment as Group President in 2019, Mr. Ainsworth was Senior
Vice President and Strategic Advisor to Caterpillar’s executive
committee and was responsible for Caterpillar’s Rail Division. From
1993 until 2019, he served as President and Chief Executive Officer
of Progress Rail Services, an integrated and diversified supplier
of railroad and transit products and services as well as railcar
leasing. Progress Rail Services was acquired by Caterpillar in 2006
and Mr. Ainsworth was appointed a Vice President of Caterpillar at
that time.
Mr. Ainsworth received his bachelors degree in marketing from
Auburn University.
About Trinity Industries
Trinity Industries, Inc., headquartered in Dallas, Texas, owns
businesses that are leading providers of rail transportation
products and services in North America. Our rail-related businesses
market their railcar products and services under the trade name
TrinityRail®. The TrinityRail platform provides railcar leasing and
management services, as well as railcar manufacturing, maintenance
and modifications. Trinity also owns businesses engaged in the
manufacture of products used on the nation’s roadways and in
traffic control. Trinity reports its financial results in three
principal business segments: the Railcar Leasing and Management
Services Group, the Rail Products Group, and the All Other Group.
For more information, visit: www.trin.net.
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version on businesswire.com: https://www.businesswire.com/news/home/20210310005857/en/
Investor Contact: Jessica L.
Greiner Vice President, Investor Relations and Communications
Trinity Industries, Inc. (Investors) 214/631-4420
Media Contact: Jack L. Todd
Vice President, Public Affairs Trinity Industries, Inc. (Media
Line) 214/589-8909
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