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4/12/2002



Rail News: Rail Industry Trends

Meridian Rail taps top executives


Meridian Rail Corp. April 11 named Gavin Parfit chairman and chief executive officer; John Waite, vice chairman; and Larry Boik, vice president and chief financial officer.
Parfit most recently served as CEO of New Orleans-based Delta Terminal Services Inc., a bulk liquid-storage and handling services provider. He previously served as president of New York City-based Golodetz Corp., a privately held, diversified multi-national corporation.
Waite served as Meridian Rail's CEO since the company’s Jan. 15 inception. He previously held several senior-management positions with Meridian Rail’s predecessors.
Boik joined ABC-NACO Inc. in July 2000, serving in top financial-management positions. He previously held a variety of financial-leadership positions with U.S. Can Corp., most recently as assistant corporate controller.
Lombard, Ill.-based Meridian Rail — which earlier this year was formed by Three Cities Research Inc. and Cerberus after the privately held companies acquired substantially all of ABC-NACO's U.S. operating assets, and European and Chinese operations — manufactures rail-car undercarriage and coupling systems, and track products, and offers wheel-mounting services.


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