The Greenbrier Corporations will transition to new government management in January, with Chief Government and President Lorie Tekorius set to retire following the corporate’s 2027 annual shareholders assembly.
Brian Comstock, Greenbrier’s government vp and president of The Americas, will instantly grow to be president and CEO.
The Lake Oswego, Ore.-based railcar producer and freight-transportation companies supplier (NYSE: GBX) mentioned the transfer is the results of the board’s long-term succession-planning course of.
Tekorius’ retirement will grow to be efficient Jan. 6, 2027.
Tekorius has spent greater than 30 years at Greenbrier, becoming a member of the corporate in 1995 and shifting by senior monetary and working roles earlier than turning into president and CEO in 2022. She beforehand served as chief working officer and as chief monetary officer.
Throughout her tenure as CEO, Greenbrier mentioned it strengthened its business place, pursued operational enhancements and continued to develop its railcar leasing and companies companies alongside its core railcar design and manufacturing operations. The corporate serves North American and worldwide markets.
“Beneath Lorie’s management, Greenbrier efficiently navigated distinctive market challenges whereas strengthening its business place, advancing operational excellence and positioning the enterprise for long-term progress,” Board Chair and Unbiased Director Admiral Thomas B. Fargo, U.S. Navy (Ret.), mentioned in an announcement. “She each streamlined the enterprise and made it extra worthwhile.”
Comstock, who has greater than 45 years of railroad-industry expertise and practically three a long time at Greenbrier, at the moment oversees the corporate’s operations in america, Canada, Mexico and Brazil.
Earlier than becoming a member of Greenbrier in 1998, Comstock held senior operations and business posts at Transco Industries, Transco Railway Merchandise and railcar builder Trinity Industries.
“I sit up for working with Lorie by this transition as we proceed to advance our technique and place Greenbrier for long-term success,” Comstock mentioned.
Greenbrier additionally expects Comstock to succeed Tekorius as a member of its board of administrators.
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