Posted on April 2, 2019
WILMERDING, Pa., April 02, 2019 (GLOBE NEWSWIRE) —
Wabtec (NYSE: WAB) announced that Kristine Kubacki, CFA, has joined the company as vice president of investor relations. In this role, Kubacki will be responsible for communicating the vision and value of Wabtec to shareholders and the financial community. Kubacki will succeed Tim Wesley, who has held the role for more than 20 years. Wesley will remain active with the company in this capacity over the next several months to ensure a seamless and orderly transition, then retire at the end of 2019.
Raymond T. Betler, Wabtec’s president and CEO, said, “Kristine is a highly respected analyst in our sector and will bring deep financial and strategic analytical skills, as well as an extensive understanding of transportation, manufacturing and supply chain logistics to the role. As a sell-side analyst who has covered Wabtec for more than 10 years, she will add tremendous value to the company and bring investors an in-depth understanding of Wabtec’s growth potential and global competitive positioning.”
Kubacki joins Wabtec from Mizuho, where she served as executive director and senior analyst for the transportation, logistics and equipment sector. Prior to this role, she was vice president of market strategy for Wells Fargo’s commercial vehicle group, as well as director of equity research for the global industrial equipment industry at CLSA. Kubacki spent nearly nine years covering the industrial sector at Avondale, and held analyst roles at A.G. Edwards, as well as operations management, process design and supply chain management positions at Procter and Gamble. Kubacki earned her MBA from Washington University, BS in chemical engineering from Washington University, and BS in mathematics from Webster University. She is a CFA Charterholder and a frequent speaker at transportation industry conferences. Kubacki will report to Pat Dugan, Wabtec CFO, and be based in Pittsburgh, PA.
Betler said, “We want to thank Tim for his incredible service to the company and for his assistance during the transition of duties. His sound judgment and deep expertise made him an important member of the management team that has grown Wabtec into an S&P 500 company with more than $8 billion in revenues. Tim has been a trusted partner and counselor, and we wish him all the best on his pending retirement.”
About Wabtec Corporation
Wabtec Corporation is a leading global provider of equipment, systems, digital solutions and value-added services for freight and transit rail. Drawing on nearly four centuries of collective experience across Wabtec, GE Transportation and Faiveley Transport, the company has unmatched digital expertise, technological innovation, and world-class manufacturing and services, enabling the digital-rail-and-transit ecosystems. Wabtec is focused on performance that drives progress, creating transportation solutions that move and improve the world. The freight portfolio features a comprehensive line of locomotives, software applications and a broad selection of mission-critical controls systems, including Positive Train Control (PTC). The transit portfolio provides highly-engineered systems and services to virtually every major rail transit system around the world, supplying an integrated series of components for buses and all train-related market segments that deliver safety, efficiency and passenger comfort. Along with its industry-leading portfolio of products and solutions for the rail and transit industries, Wabtec is a leader in mining, marine and industrial solutions. Wabtec has approximately 27,000 employees in facilities throughout the world. Visit the company’s new website at:
www.WabtecCorp.com.
Source: GlobenewsWire
