Former KCS CEO Patrick J. Ottensmeyer elected to Board of
Directors
Greenbrier's Board of Directors
increases to 11 members
New director brings
substantial rail industry expertise to Greenbrier
LAKE OSWEGO, Ore.,
June 28,
2023 /PRNewswire/ -- The Greenbrier Companies,
Inc. (NYSE:GBX) announced today the election of Patrick J. Ottensmeyer to the Company's Board of
Directors. The election of Ottensmeyer increases Greenbrier's Board
from 10 to 11 members, nine of whom are independent directors.
Ottensmeyer served as President and CEO of Kansas City Southern
(KCS), a Class I railroad, from 2015 to 2023, until the completion
of the merger creating Canadian Pacific Kansas City (CPKC) in 2023.
From 2008 to 2015, he was Executive Vice President of Sales and
Marketing at KCS. Earlier, from 2006 to 2008, he was Executive Vice
President and Chief Financial Officer at the railroad.
Ottensmeyer is the U.S. Chairman of the U.S. Chamber of
Commerce's U.S.-Mexico Economic Council (USMXECO). In this role, he
presides over the U.S.-Mexico CEO Dialogue, which occurs twice
annually. He oversees the Council's extensive agenda of engagement
with public- and private-sector leaders in the U.S. and
Mexico to strengthen bilateral
commercial ties. As leader of the U.S.-Mexico CEO Dialogue,
Ottensmeyer was instrumental in representing business interests
during the formation of the United
States-Mexico-Canada Agreement (USMCA) from 2017-2020.
Ottensmeyer is the Co-Chair of the Brookings Institute USMCA
Initiative, a group focused on building more integrated and
resilient supply chains. He serves as Chair of the Truman Library
Institute, the member-supported, nonprofit partner of the President
Harry S. Truman Library & Museum.
In 2023, Ottensmeyer received the NARS Edward R. Hamberger
Lifetime Achievement Award and in 2022, he was the recipient of
Ingram's Executive of the Year Award. Also in 2022, he and
Keith Creel won Railway Age's
Co-Railroaders of the Year Award, in connection with the CP and KCS
merger. He received the Railway Age Railroader of the Year
recognition for the first time in 2020 and in 2019 he was the
recipient of Progressive Railroading's Railroad Innovator
Award.
"Pat's experience in operating international businesses with
strong regulatory oversight will be invaluable to Greenbrier. In
addition to his unique experience leading a company that connects
the entire North American economy, he is committed to continuous
improvement and collaboration. Pat's leadership role in the CPKC
merger demonstrates his vision for economic growth and supply chain
integration. Through CPKC, Pat helped create the first
fully-integrated rail freight route spanning all three nations of
North America. The Board is
confident he will provide important perspectives as we continue to
execute our strategy, drive profitability and enhance value for all
Greenbrier shareholders," said Thomas
Fargo, Greenbrier Board Chair.
Lorie Tekorius, CEO and President
added, "As a thoughtful and influential leader, Pat has brought
growth and innovation to the rail industry's most complex
challenges, including deep involvement during the creation of the
USMCA. His leadership in U.S.-Mexico trade relations is unmatched, with
decades of experience leading in both business environments. With
more than 10,000 of our employees based in the United States and Mexico, we will value his insights into our
business which relies heavily on effective management of trade and
labor issues between the U.S. and Mexico. Greenbrier is fortunate to have Pat
join our Board of Directors."
About Greenbrier
Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of
equipment and services to global freight transportation markets.
Greenbrier designs, builds, and markets freight railcars
in North
America, Europe and Brazil through its
wholly-owned subsidiaries and joint ventures. 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 owns a lease fleet of 12,300
railcars that originate primarily from Greenbrier's manufacturing
operations. As of March 31, 2023, Greenbrier manages 438,000
railcars and offers railcar management, regulatory compliance
services and leasing services to railroads and other North American
railcar owners. Learn more about Greenbrier
at www.gbrx.com.
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SOURCE The Greenbrier Companies, Inc.