Genesee & Wyoming Appoints Two New Directors to Board; Announces Upcoming Board Changes
April 03 2018 - 7:13PM
Business Wire
Genesee & Wyoming Inc. (G&W)(NYSE:GWR) announced today
the appointment of Bruce J. Carter and Cynthia L. Hostetler to its
Board of Directors (the “G&W Board”). These appointments expand
the G&W Board to 12 directors, 11 of whom are independent
directors.
Mr. Carter has extensive public company board experience in
Australia and currently serves as a member of the Board of
Directors of Bank of Queensland Limited, SkyCity Entertainment
Group Limited and Aventus Capital Limited. Mr. Carter is also
Chairman of the Australian government-owned ASC Pty Ltd (formerly
Australian Submarine Corporation). He also chairs the South
Australian Premier’s Climate Change Council. Mr. Carter has served
as a Director of G&W’s Australian subsidiary, Genesee &
Wyoming Australia Pty Ltd since 2011. He was a founding Managing
Partner of Ferrier Hodgson, Adelaide from 1992 to 2012 and
previously was a Partner of Ernst & Young, Australia.
Ms. Hostetler has extensive public company and advisory board
experience in the United States and currently serves on the Board
of Directors of Vulcan Materials Company, on the Boards of Trustees
of the Invesco Funds and on the Board of Managers of TriLinc Global
Impact Fund, LLC. She was Head of Investment Funds of Overseas
Private Investment Corporation (OPIC) from 2001 to 2009 and served
in various capacities, including as a member of the Board,
President and General Counsel of First Manhattan Bancorporation,
formerly First Savings Bank, between 1991 and 2006.
In conjunction with the new appointments, Richard Allert and
Hans Michael Norkus have informed the G&W Board that they will
not stand for re-election at the end of their terms in May
2018.
G&W Chairman and Chief Executive Officer Jack Hellmann
commented, “Cynthia and Bruce bring tremendous leadership and
expertise working in both the private and public sectors, and their
deep experience in governance, investments and risk management will
be invaluable as G&W continues to build its global
business.”
Mr. Hellmann continued, “Michael Norkus has served with
distinction on the G&W Board for almost nine years and, as an
expert on strategic consulting, has been a great asset in guiding
the strategic plans that have underpinned G&W’s growth and
transformation. Rick Allert has served on the G&W Board for
almost seven years and on the Board of Genesee & Wyoming
Australia Pty Ltd for 10 years, and his wisdom and leadership as a
Director has permeated G&W, particularly in the growth and
evolution of our Australian business. On behalf of the G&W
Board, I would like to thank Michael and Rick for their outstanding
service to G&W and its stockholders.”
About G&W
G&W owns or leases 122 freight railroads organized in nine
locally managed operating regions with 8,000 employees serving
3,000 customers.
- G&W’s seven North American regions
serve 41 U.S. states and four Canadian provinces and include 115
short line and regional freight railroads with more than 13,000
track-miles.
- G&W’s Australia Region serves New
South Wales, the Northern Territory and South Australia and
operates the 1,400-mile Tarcoola-to-Darwin rail line. The Australia
Region is 51.1% owned by G&W and 48.9% owned by a consortium of
funds and clients managed by Macquarie Infrastructure and Real
Assets.
- G&W’s UK/Europe Region includes the
U.K.’s largest rail maritime intermodal operator and second-largest
freight rail provider, as well as regional rail services in
Continental Europe.
G&W subsidiaries and joint ventures also provide rail
service at more than 40 major ports, rail-ferry service between the
U.S. Southeast and Mexico, transload services, contract coal
loading, and industrial railcar switching and repair.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Genesee & Wyoming's business which are not historical facts are
"forward-looking statements" that involve risks and uncertainties.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" in the Company's
Annual Report or Form 10-K for the most recently ended fiscal
year.
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version on businesswire.com: https://www.businesswire.com/news/home/20180403006663/en/
G&W Corporate CommunicationsMichael Williams,
1-203-202-8900www.gwrr.com
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