Company Website:
http://www.freightcaramerica.com
CHICAGO -- (Business Wire)
FreightCar America, Inc. (NASDAQ: RAIL) today announced that its Board
of Directors has elected William D. Gehl as non-executive Chairman of
the Board, effective immediately. Mr. Gehl joined the Company’s Board in
May 2007. Until his retirement from Gehl Company in 2009, Mr. Gehl
served as Chairman, President and Chief Executive Officer of that
company beginning in 1995, President and Chief Executive Officer
beginning in 1992, and a director beginning in 1987.
Thomas M. Fitzpatrick, who served as FreightCar America’s non-executive
Chairman of the Board since March 2007, continues as a director of the
Company. Mr. Fitzpatrick said today, “It is my pleasure to transition
the chairmanship to Bill Gehl, who already has a track record of
thoughtful service as a director of FreightCar America.”
Mr. Gehl noted, “I am honored to assume the Chairman role and I look
forward to working with management and the Board as we continue to
pursue our corporate growth strategy. On behalf of the Board and the
Company, I would like to thank Tom for his dedicated stewardship over
the past five years as Chairman.”
Mr. Fitzpatrick is stepping down from the Chairman position to dedicate
more time to his various business interests outside of FreightCar
America.
* * *
FreightCar America, Inc. manufactures railroad freight cars, with
particular expertise in coal-carrying railcars. It supplies railcar
parts, leases freight cars through its JAIX Leasing Company subsidiary,
and provides railcar maintenance and repairs through its FreightCar Rail
Services, LLC subsidiary. In addition to coal cars, FreightCar America
designs and builds bulk commodity cars, flat cars, mill gondola cars,
intermodal cars, coil steel cars and motor vehicle carriers. It is
headquartered in Chicago, Illinois and has facilities in Clinton,
Indiana; Danville, Illinois; Grand Island, Nebraska; Hastings, Nebraska;
Johnstown, Pennsylvania; Lakewood, Colorado; and Roanoke, Virginia. More
information about FreightCar America is available on its website at www.freightcaramerica.com.
Contacts:
FreightCar America
Ed Whalen, 800-458-2235
Source: FreightCar America, Inc.