Wabtec Board Members, Emilio Fernandez and Philippe Alfroid, Announce Retirement
February 13 2020 - 7:30AM
Business Wire
Retirement marks the culmination of more
than two decades of industry contributions from longstanding Board
Members
The Wabtec Corporation (NYSE: WAB) Board of Directors today
announced the retirement of Vice Chairman Emilio Fernandez, and
Director Philippe Alfroid, effective May 15, 2020. The two
members’ current terms are expiring, and they will not be seeking
re-election.
“The Board is tremendously grateful for Emilio and Philippe’s
service and leadership that helped shape Wabtec into the
corporation it is today,” said Al Neupaver, Executive Chairman of
Wabtec. “Combined, their many contributions provided value to our
shareholders, customers and employees, and we wish them the best in
this new and exciting phase of life.” Neupaver added Wabtec has a
plan in place to ensure a seamless transition in accordance with
the Board’s retirement policy.
During his 25-year tenure, Fernandez, 75, used his knowledge of
the rail market to position Wabtec as a global provider of
innovative and easy-to-use electronic products and systems designed
to improve railroad safety − including positive train control. A
respected industry visionary, Fernandez was instrumental in
building Pulse Electronics, a business acquired by Wabtec in 1995
and currently one of the cornerstones of the company’s
portfolio.
Joining the board in 2016, Alfroid, 74, saw the company through
incredible growth and played a significant role in successfully
navigating the strategic combination of Faiveley Transport and
Wabtec Corporation as one of the world’s leading rail equipment
companies. He brought over three decades of proven industry
experience across the transportation industry and other large
international companies. Previously, Alfroid served as Chief
Operating Officer of Essilor International.
“Emilio and Philippe each brought a breadth of experience and I
am thankful for their dedication to upholding Wabtec’s mission,”
said Rafael Santana, President and CEO of Wabtec. “I am confident
they will continue to make a positive impact in their communities
and future endeavors.”
As a new Fortune 300 company and a long-term industry leader in
introducing innovative technologies, Wabtec is committed to
enhancing its Board to further reflect the company’s forward
progress and values. Wabtec is working with an outside Board search
firm to identify and recruit candidates to meet the needs of the
company as it continues to evolve.
About Wabtec
Wabtec Corporation is a leading global provider of equipment,
systems, digital solutions and value-added services for freight and
transit rail. Drawing on nearly four centuries of collective
experience across Wabtec, GE Transportation and Faiveley Transport,
the company has unmatched digital expertise, technological
innovation, and world-class manufacturing and services, enabling
the digital-rail-and-transit ecosystems. Wabtec is focused on
performance that drives progress, creating transportation solutions
that move and improve the world. The freight portfolio features a
comprehensive line of locomotives, software applications and a
broad selection of mission-critical controls systems, including
Positive Train Control (PTC). The transit portfolio provides
highly-engineered systems and services to virtually every major
rail transit system around the world, supplying an integrated
series of components for buses and all train-related market
segments that deliver safety, efficiency and passenger comfort.
Along with its industry-leading portfolio of products and solutions
for the rail and transit industries, Wabtec is a leader in mining,
marine and industrial solutions. Wabtec has approximately 27,000
employees in facilities throughout the world. Visit the company’s
new website at: www.WabtecCorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200213005077/en/
Media Deia Campanelli 773-297-0482 or
deia.campanelli@wabtec.com
Investors Kristine Kubacki 412-825-1869 or
kristine.kubacki@wabtec.com
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