Greenbrier Swaps Its Financial Chief
February 03 2016 - 8:40AM
Dow Jones News
Railcar maker Greenbrier Companies Inc. on Wednesday said Chief
Financial Officer Mark Rittenbaum would leave the post for a newly
created role, to be replaced by Lorie Tekorius.
Greenbrier said Mr. Rittenbaum was named to the role of
executive vice president of commercial, leasing and finance, where
he will shift his focus to commercial activities, with emphasis on
new railcar sales, leasing and integration and enhancement of
customer service design.
Ms. Tekorius, who will take over as CFO, is a 20-year veteran of
the company and has been treasurer since 2012.
Chief Executive Bill Furman said he sees the changes as "an
opportunity to put our seasoned executive expertise to even greater
use in a fluctuating environment."
The Lake Oswego, Ore., company's shares are down 24% in the past
month. The company has been working down a hefty backlog and
reported first-quarter earnings that topped analysts' views, though
Mr. Furman noted at the time that backlog levels were likely to
fall.
Shares of Greenbrier were inactive premarket.
Write to Anne Steele at Anne.Steele@wsj.com
(END) Dow Jones Newswires
February 03, 2016 08:25 ET (13:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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