MAUMEE, Ohio, Nov. 28, 2017 /CNW/ -- The Andersons, Inc.
(Nasdaq: ANDE) announced today that Rasesh
(Rash) H. Shah, who currently serves as President of the
Rail Group, will retire in July 2018.
Joseph E. McNeely will join the
company as the new President of the Rail Group on January 8, 2018. Shah will provide transition
assistance until he retires.
McNeely has more than 30 years of experience in the financial,
manufacturing and distribution industries, specializing in the
railcar business. Most recently he served as President and CEO of
FreightCar America, Inc. where he led the company's transformation
from a coal railcar manufacturer to a manufacturer of a diverse
portfolio of railcars. McNeely also held Vice President roles at
Mitsui Rail Capital and GATX Corporation.
"We are very excited to welcome Joe to our leadership team,"
said Pat Bowe, CEO and President of
The Andersons. "He brings with him a wealth of knowledge and
experience managing through the highly cyclical rail market."
McNeely earned his bachelor's degree in accounting from
Illinois State University, Normal, Ill. He received his Master of
Business Administration from the University of
Notre Dame.
He and his family will be relocating to the Northwest Ohio region in the near future.
Shah began his career at The Andersons in 1978. He was
instrumental in creating the company's Rail Group in 1989, and
developing it into one of the top 10 largest private rail fleets in
the U.S. today.
"Rash has played a pivotal part in shaping The Andersons' vision
and history," said Bowe. "We greatly appreciate his years of
service and dedication which have helped shape us into the
diversified company we are today. We wish him the best on this next
phase of his life."
About The Andersons, Inc.
Founded in Maumee, Ohio, in
1947, The Andersons is a diversified company rooted in agriculture
conducting business across North
America in the grain, ethanol, plant nutrient and rail
sectors. For more information, visit The Andersons online at
www.andersonsinc.com.
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SOURCE The Andersons, Inc.