1. Ted Baun joins Greenbrier as Senior VP, becoming CCO in 2026. 2. He brings 30 years of rail industry expertise, enhancing Greenbrier's leadership. 3. Investments in lease fleet and customer experience are key focus areas. 4. Tim Schitter retires after 11 years; Baun emphasizes innovation. 5. Greenbrier operates a lease fleet of approximately 16,600 railcars.
Hiring a seasoned executive typically signals growth potential and stability. Historical example: Leadership changes often lead to strategic renewals, boosting company performance.
Leadership changes can impact company strategy and direction, affecting stock performance. The appointment of Baun suggests future innovations that could enhance market competitiveness.
New leadership strategies may take time to materialize and create value. Similar transitions in the past have taken 1-2 years to reflect positively on stock performance.
LAKE OSWEGO, Ore., May 21, 2025 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE: GBX) (Greenbrier), a leading international supplier of equipment and services to global freight transportation markets, announced today that Ted Baun has joined Greenbrier's North American Commercial Team as Senior Vice President (SVP). He will become Chief Commercial Officer in January 2026, succeeding Tim Schitter, who will retire at year-end.