Wabtec Appoints John Olin to Executive Vice President and Chief Financial Officer
August 11 2021 - 8:05AM
Business Wire
Wabtec Corporation (NYSE: WAB) today announced John Olin will be
named Executive Vice President and Chief Financial Officer of the
company, effective October 1, 2021. Olin will succeed Pat Dugan,
who is leaving the company in the fourth quarter.
Rafael Santana, Wabtec President and CEO, said: “John is a
seasoned finance leader who has built his career on delivering
results through dynamic market cycles, and is committed to
delivering long-term shareholder value. With his wide range of
expertise, he is the ideal person to lead our finance organization
forward and will bring a compelling blend of strategic financial
discipline, well-honed operating skills, and leadership abilities.
We look forward to having him on the team.”
Santana added, “I want to thank Pat Dugan for his nearly 20
years of service to Wabtec. Since stepping into the role as CFO in
2014, he has actively participated in growing the company from
roughly $2.5 billion in revenues to nearly $8 billion and was a key
player in the strategic acquisitions of Faiveley Transport and GE
Transportation. He has been instrumental in helping shape the
company, strengthen our technology leadership position, expand our
global footprint, and guide Wabtec to a position of strength. We
are grateful for all that he has contributed to the company.”
Olin joins Wabtec as the former Senior Vice President and Chief
Financial Officer of Harley-Davidson, where he was instrumental in
driving strategic change amidst significant market disruption,
including reshaping the company. Prior to Harley-Davidson, Olin
served as controller of Kraft Foods' Cheese Division, and had 12
years of financial leadership at Kraft, Oscar Mayer Foods, and
Miller Brewing Company. He also held positions with financial
services and specialized consulting firms including Ernst and
Whinney (now Ernst and Young).
“I’m excited to join Wabtec at a time of significant opportunity
for the company,” said Olin. “Wabtec is shaping the future of
transportation and I look forward to building on this position of
strength and expanding returns to our shareholders, while
delivering for our customers, employees, communities, and
stakeholders.”
About Wabtec
Wabtec Corporation (NYSE: WAB) is focused on creating
transportation solutions that move and improve the world. The
company is a leading global provider of equipment, systems, digital
solutions and value-added services for the freight and transit rail
industries, as well as the mining, marine and industrial markets.
Wabtec has been a leader in the rail industry for over 150 years
and has a vision to achieve a zero-emission rail system in the U.S.
and worldwide. The company has approximately 27,000 employees
located at facilities in 50 countries throughout the world. Visit
Wabtec’s website at: www.wabteccorp.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210811005154/en/
Wabtec Media Contact Deia Campanelli /
Deia.Campanelli@Wabtec.com / 773-297-0482
Wabtec Investor Contact Kristine Kubacki, CFA /
Kristine.Kubacki@wabtec.com / 412-450-2033
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