Greenbrier President and Main Functioning Officer Lorie Tekorius on March 1 will turn out to be the company’s following CEO and President, succeeding Co-founder, Chairman and CEO William A. Furman Furman will provide as Government Chair, retaining obligation for specified line capabilities right up until Aug. 31, 2022, the conclude of Greenbrier’s fiscal 12 months.
The Greenbrier Firms introduced the moves previous drop.
Tekorius, a 26-year Greenbrier veteran and 2018 Railway Age Women in Rail honoree, has been doing the job most not long ago “with Furman and vital leaders to mature Greenbrier at scale to enhance its core organization strengths of Engineering, Production, Business and Leasing to create its intercontinental business, while advancing office range, equity and inclusion and creating a powerful exterior and internal talent pipeline alongside with succession arranging for key administration,” the firm noted on Feb. 28. Prior to her promotion to President and Main Working Officer in 2019, Tekorius, 54, was Chief Fiscal Officer.
Additionally, since 2019, she has served as an unbiased director on the Board of Alamo Group Inc., which makers equipment for infrastructure servicing, agricultural and other purposes.
Furman, 76, will retire from all executive workplaces immediately after Aug. 31, but his latest Board term will carry on until January 2024. He continues to be a prime-15 shareholder in Greenbrier, primarily based on whole shareholdings, in accordance to the business.
Furman began his job in 1967 in the Treasury Office of FMC Corporation, a Fortune 500, multinational industrial and countrywide protection corporation. He formed the FMC Finance Division, which financed a broad array of railcars and other solutions from the company’s machinery team, this sort of as Connection Belt Speeder Cranes, agricultural equipment from its John Bean Division, snowmobiles, backyard tractors, irrigation machines, airport gear, and fireplace trucks. Furman joined Trans Pacific Money Corporation in 1971 to run the Leasing, Lease Underwriting and Syndication enterprise device. In 1974, he and Alan James, a mate and early pioneer in industrial jet aircraft leasing, procured the Trans Pacific Countrywide division, a cash lease asset underwriter. “The obtain developed James Furman and Co., a lifelong partnership, to begin with specializing in railcar and business jet plane asset management and remarketing corporations,” Greenbrier documented. This acquisition would finally direct to the founding of Greenbrier in its current sort in 1981. The initial leasing business expanded into production with the acquisition of Gunderson in Portland in 1985 from FMC.
“Lorie’s contributions to Greenbrier are exceptional and worthy of her new role,” Furman reported. “She has excelled in assignments of escalating responsibility through her extensive career with Greenbrier. Lorie epitomizes the company’s values of respect for humanity, integrity and the interests of all stakeholders. Lorie’s dedication to Greenbrier and the transportation business extends more than extra than two many years. The Board of Administrators and I are confident her tenure and leadership will push higher affect results. Greenbrier is a global freight machines and providers provider with a robust foundation in location for lengthy-time period advancement. Lorie’s vision for the enterprise is innovative and strategic. I am happy that tomorrow she results in being Greenbrier’s second-ever CEO.”
“We are happy to elevate an internal leader with a demonstrated monitor record and administration capabilities to chart Greenbrier’s upcoming,” Guide Director Admiral Thomas B. Fargo (USN Retired) explained of Tekorius. “On behalf of Greenbrier’s Board, we thank Monthly bill for his fantastic leadership and deep commitment to the group. His contributions as Founder and CEO will be long remembered each at Greenbrier and all through the freight transportation field he redefined by his leadership. Through his tenure, Monthly bill reworked Greenbrier into a publicly traded company valued in the billions of pounds. His innovation, unrelenting target and determination to protection, high quality and regard will very long continue being in the material of Greenbrier’s culture and operations.”
“I’m deeply honored to have the opportunity to be successful Monthly bill,” Tekorius reported. “I will go on to develop on the potent basis that Invoice has founded as we go to the future section of assembly the world’s evolving freight transportation needs. I am really assured about our foreseeable future and seem ahead to further accelerating the benefit we provide to our stakeholders.”