– USA, OR – The Greenbrier Companies, Inc. (NYSE: GBX) today announced the appointment of Board member Adm. (ret.) Tom Fargo as Independent Chair of its Board of Directors, effective on August 31, succeeding Executive Chair Bill Furman who will remain as a board member.
A board member since 2015, Fargo has served as the Lead Director since January 2021, a position Board will eliminate with the election of an independent Board Chair.
“I am pleased to announce Admiral Fargo’s election to Independent Chair. Greenbrier, our management team and the Board are committed to leading in corporate governance and enhancing shareholder value. Having an independent board chair reflects best practices in corporate governance. We carefully considered the qualifications of all directors before electing Admiral Fargo as Chair. His broad experience in the transportation industry and service on public company boards is substantial and he will lead Greenbrier boldly into the future.” said CEO, Lorie Tekorius.
About Thomas B. Fargo
Admiral Fargo joined Greenbrier’s Board of Directors as a former military commander with subsequent private sector experience in defense, maritime and other transportation industries. As Commander of the U.S. Pacific Command (2002-2005), he led the world’s largest unified command while directing the joint operations of the Army, Navy, Marine Corps, and Air Force in the Asia-Pacific Theater.
Admiral Fargo serves as Board Chair at Hawaiian Electric Industries and on the board of directors at shipping and logistics provider Matson, Inc. He was previously Board Chair at USAA, a $37 billion-dollar financial services company supporting the U.S. military and their families, and Huntington Ingalls Industries, the nation’s largest shipbuilder. He has also served on Northrop Grumman Corporation, Alexander & Baldwin, Inc., and Hawaiian Airlines boards.
About Greenbrier
Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international equipment supplier and services to global freight transportation markets. Through its wholly-owned subsidiaries and joint ventures, Greenbrier designs, builds, and markets freight railcars and marine barges in North America, Europe, and Brazil. We are a leading provider of freight railcar wheel services, parts, maintenance, and retrofitting services in North America through our rail services business unit. Greenbrier manages 421,000 railcars and offers railcar management, regulatory compliance services, and leasing services to railroads and other railcars owners in North America. GBX Leasing is a special purpose subsidiary that owns and manages a portfolio of leased railcars that originate primarily from Greenbrier’s manufacturing operations. GBXL and Greenbrier own a lease fleet of 11,800 railcars.
For more information : https://www.gbrx.com/
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