– USA, PA – L.B. Foster Company (NASDAQ: FSTR), a leading manufacturer and distributor of products and provider of services for transportation and energy infrastructure, today announced the appointment of Board member Ray Betler as the Chairman of the Board of Directors, effective June 2, 2022, replacing Lee Foster who retired on June 2, 2022.
“Ray has been a welcome addition to the L.B. Foster Board since 2020 and has made a significant impact and impression. His long history of board and operational leadership makes him a perfect fit for the role of Chairman. I look forward to working with Ray to ensure a positive impact for all of our stakeholders,” said CEO, John Kasel.
About Raymond T. Betler
Mr. Betler’s experience includes more than four decades in the transportation industry leading up to his service as President & Chief Executive Officer of Westinghouse Air Brake Technologies d/b/a Wabtec Corporation (NYSE: WAB) for five years through his retirement on July 1, 2019. Before the CEO role, he held the positions of Chief Operating Officer and Vice President and Group Executive of Wabtec’s Transit Group.
Before joining Wabtec, Mr. Betler spent 30 years with Westinghouse Transportation and its associated companies. Throughout Mr. Betler’s career, he has gained a wealth of knowledge in rail transportation systems and related technologies that help provide alignment and direction to the overall growth strategies of the Company.
Mr. Betler is also a director of Dollar Bank, where he serves on multiple committees. He is a member of the Advisory Board of Carnegie Mellon College of Engineering, Electrical and Computer Engineering departments, including the Federal Transportation Center at CMU.
About L.B. Foster Company
L.B. Foster Company and its subsidiaries provide products and services for the rail industry and solutions to support critical infrastructure projects. The Company’s innovative engineering and product development solutions inspire the safety, reliability, and performance of its customers’ challenging requirements. The Company maintains locations in North America, South America, Europe, and Asia.
For more information: https://lbfoster.com/en
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.