FreightCar America, Inc. Announces Appointment of Nicholas J. Randall as Chief Operating Officer
May 18 2023 - 7:30AM
FreightCar America, Inc. (Nasdaq: RAIL) (“FreightCar America” or
the “Company”), a diversified manufacturer of railroad freight
cars, announced today the appointment of Nicholas J. Randall as the
Company’s Chief Operating Officer (COO), effective June 26, 2023.
Randall will report to James R. Meyer, President and Chief
Executive Officer.
“I am thrilled to welcome Nick to the FreightCar
America team as our Chief Operating Officer. He is an accomplished
business leader with deep and global experience in the heavy
durable industrial and consumer industries. He brings a proven
track record of growing companies by driving success through
operational excellence and customer satisfaction,” said Jim Meyer.
“He is a results driven executive and the perfect addition to the
team as we continue to grow and prepare for the next steps of our
Company’s future.”
Mr. Randall added, “I am extremely pleased to
join the FreightCar America team at this very exciting time. The
Company has accomplished an extraordinary transformation and is now
positioning itself for growth. I look forward to the opportunity to
further differentiate FreightCar America’s position as the
preferred, best-in-class railcar manufacturer and in helping the
Company grow.”
Randall has over 20 years of global experience
working in, and leading, engineering and manufacturing operations
at world class companies. He currently leads a division of
aerospace company Precision Castparts Corporation (PCC), part of
Berkshire Hathaway Inc., and previously held senior positions at
Alcoa and Jaguar & Land Rover Vehicles.
Randall holds a Bachelor of Engineering,
Manufacturing Systems Engineering from Liverpool John Moores
University, U.K.
About FreightCar America
FreightCar America is a diversified manufacturer
of railroad freight cars and aftermarket parts. The Company designs
and builds a broad portfolio of high-quality railcars including
open top hoppers, covered hoppers, articulated intermodal flat and
well cars, specialty and non-intermodal flat cars, mill, aggregate,
and woodchip gondolas, coil steel cars, box cars and coal cars. The
Company also specializes in the conversion of railcars for
repurposed use, along with complete railcar rebody and repair
services. FreightCar America is headquartered in Chicago, Illinois,
with facilities in the following locations: Castaños, Mexico;
Johnstown, Pennsylvania; and Shanghai, People’s Republic of China.
For more information on the Company, visit
www.freightcaramerica.com.
Forward-Looking Statements
This press release may contain statements
relating to our expected financial performance and/or future
business prospects, events and plans that are “forward-looking
statements” as defined under the Private Securities Litigation
Reform Act of 1995. Forward-looking statements represent our
estimates and assumptions only as of the date of this press
release. Our actual results may differ materially from the results
described in or anticipated by our forward-looking statements due
to certain risks and uncertainties. These potential risks and
uncertainties include, among other things: the cyclical nature of
our business; adverse economic and market conditions; fluctuating
costs of raw materials, including steel and aluminum, and delays in
the delivery of raw materials; our ability to maintain
relationships with our suppliers of railcar components; our
reliance upon a small number of customers that represent a large
percentage of our sales; the variable purchase patterns of our
customers and the timing of completion, delivery and customer
acceptance of orders; the highly competitive nature of our
industry; the risk of lack of acceptance of our new railcar
offerings by our customers; risks relating to the potential
financial and operational impacts of the COVID-19 pandemic; and
other competitive factors. We expressly disclaim any duty to
provide updates to any forward-looking statements made in this
press release, whether as a result of new information, future
events or otherwise.
INVESTOR/MEDIA
CONTACT |
|
Lisa Fortuna
or Stephen Poe |
E-MAIL |
|
RAIL@alpha-ir.com |
TELEPHONE |
|
312-445-2870 |
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