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Rail News: Railroading Supplier Spotlight
Rail supplier news from AECOM, HNTP, STV, WAGO, Rail Exchange, Maintenance Design Group and L.B. Foster (March 5)
AECOM has named its Chief Executive Officer Michael Burke chairman as part of the company's succession plan following the retirement of former executive chair John Dionisio. First appointed as the company's CEO in March 2014, Burke has been with AECOM since 2005.
HNTB Corp. named Wayne Feuerborn as the firm's new Kansas City office leader. Feuerborn first joined the firm in 2000 and has served as a project manager and department manager.
Transplace hired Brooks Bentz as president of its consulting unit, Transplace Consulting Services. Previously, Bentz served as vice president of Burlington Northern Railroad, as well as managing director in supply chain management at Andersen Consulting/Accenture.
STV has promoted Jon Frascatore to vice president. Currently a senior project manager in the firm's Construction Management Division, Frascatore has been with STV for 10 years. The company also promoted John Tomann to vice president. Toman, who has worked on several quality management projects for STV, currently serves as corporate quality director.
WAGO has hired Ron Bin as its field application engineer for Ontario, Canada. He previously served in engineering and business development roles at Marwood Metal Fabrication and Siemens Canada. In his new position, Bin will transfer technical application information to customers and distributors in the region.
Rail Exchange Inc. named Michael Bartolini as president of the company and Matthew Bartolini as vice president of sales. The company also promoted Cheryl Pohrte, who formerly served as vice president of administration, to chief financial officer.
Maintenance Design Group hired Ryan Swanson as a senior mechanical engineer. Swanson brings more than 10 years of mechanical engineering experience spanning a wide variety of specialities and projects. In his new role, Swanson will provide mechanical design and engineering for the company's transit, public works and other projects throughout the United States and Canada.
L.B. Foster Co. reported a fourth-quarter 2014 net income of $6 million compared with $7.3 million for the same period in 2013. The company posted an 85 cents earnings per share for the quarter compared with 71 cents per share in fourth-quarter 2013. This year's quarterly EPS was adjusted to reflect a $4.8 million warranty charge due to concrete tie litigation. Fourth-quarter net sales rose 3 percent to $161.1 million compared with the prior year quarter due to a 13.3 percent increase in tubular segment sales and a 6.6 percent increase in rail segment sales.
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