DARIEN, Conn.--(BUSINESS WIRE)--Genesee & Wyoming Inc. (G&W) (NYSE: GWR) today announced that John C. Hellmann, President and Chief Executive Officer, was appointed Chairman of the Board of Directors following the previously announced retirement of Mortimer B. Fuller III, effective May 24, 2017. Mr. Hellmann also will continue to serve as President and Chief Executive Officer.
Mr. Hellmann has served on the Board since 2006. He joined G&W as Chief Financial Officer in 2000, was named President in 2005 and succeeded Mr. Fuller as Chief Executive Officer in 2007.
Mr. Fuller, who served as Chairman of the Board of Directors since 1977, is a great grandson of Edward L. Fuller, who founded the 14.5-mile Genesee and Wyoming Railroad Company in 1899.
Also at G&W’s May 24 annual meeting, the stockholders elected Directors Albert J. Neupaver, Joseph H. Pyne, Hunter C. Smith and Mr. Hellmann for the term that expires in 2020. Directors whose terms of office continued after the annual meeting are Richard H. Allert, Hans Michael Norkus, Ann N. Reese, Richard H. Bott, Øivind Lorentzen III and Mark A. Scudder.
Genesee & Wyoming owns or leases 122 freight railroads worldwide that are organized in 10 operating regions with approximately 8,000 employees and 3,000 customers.
- G&W’s eight North American regions serve 41 U.S. states and four Canadian provinces and include 115 short line and regional freight railroads with more than 13,000 track-miles.
- G&W’s Australia Region provides rail freight services in New South Wales, including in the Hunter Valley coal supply chain, the Northern Territory and South Australia, and operates the 1,400-mile Tarcoola-to-Darwin rail line. The Australia Region is 51.1% owned by G&W and 48.9% owned by a consortium of funds and clients managed by Macquarie Infrastructure and Real Assets.
- G&W’s U.K./Europe Region is led by Freightliner, the U.K.’s largest rail maritime intermodal operator and second-largest rail freight company. Operations also include heavy-haul in Poland and Germany, intermodal services connecting Northern European seaports with key industrial regions in Germany, and regional rail services in the Netherlands and Belgium.
G&W subsidiaries provide rail service at more than 40 major ports in North America, Australia and Europe and perform contract coal loading and railcar switching for industrial customers.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Genesee & Wyoming's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.