Joins Greenbrier with 30 years of rail
industry experience
Assumes Chief Commercial Officer role in
January 2026
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.
Baun brings more than 30 years of experience in the rail
industry to Greenbrier. Most recently, he served as the Chief
Commercial Officer for PNW Railcars, overseeing its tank and
freight railcar fleet and directing efforts to maximize new railcar
leases and renewals. Before joining PNW, he spent 23 years at
FreightCar America (FCA) and its predecessor, Johnstown America,
including 11 years as Chief Commercial Officer. At FCA, Baun
managed production planning, scheduling, pricing and commercial
activities. He also held a senior sales role at Mitsui Rail
Capital, LLC from 2003 through 2005.
Brian Comstock, Executive Vice
President and President, The Americas, stated, "We are excited to
welcome Ted to Greenbrier's leadership team. His deep railcar
manufacturing and leasing expertise make him an ideal fit for the
Chief Commercial Officer position. Ted's business acumen, industry
knowledge and commercial experience are invaluable as we continue
to enhance our offerings, invest in our lease fleet, and boost
customer experience. I would also like to express my sincere
gratitude to Tim for his unwavering dedication and numerous
achievements during his 11 years at Greenbrier. We wish him all the
best in retirement."
"I am honored to join Greenbrier and help expand its leadership
in railroad transportation products and services. Greenbrier enjoys
a rich heritage of innovation and exceptional customer experience.
I am eager to lead the best team in our industry, driving impactful
initiatives that deliver significant value to our customers.
Together, we will build on Greenbrier's legacy and explore new
avenues for growth and excellence," Baun said.
About Greenbrier
Greenbrier, headquartered in Lake
Oswego, Oregon, is a leading international supplier of
equipment and services to global freight transportation markets.
Through its wholly-owned subsidiaries and joint ventures,
Greenbrier designs, builds and markets freight railcars in
North America, Europe and Brazil. We are a leading provider of freight
railcar wheel services, parts, maintenance and retrofitting
services in North America.
Greenbrier owns a lease fleet of approximately 16,600 railcars that
originate primarily from Greenbrier's manufacturing operations.
Greenbrier offers railcar management, regulatory compliance
services and leasing services to railroads and other railcar owners
in North America. Learn more about
Greenbrier at www.gbrx.com.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements that are not purely statements of historical
fact. Greenbrier uses words, and variations of words, such as
"continue," "drive," "leading," and similar expressions to identify
forward-looking statements. These forward-looking statements
include, without limitation, statements about our guidance and
outlook, backlog and other orders, leasing performance, leasing
strategy, financing, cash flow, tax treatment, and other
information regarding future performance and strategies and appear
throughout this press release. These forward-looking statements are
not guarantees of future performance and are subject to certain
risks and uncertainties that could cause actual results to differ
materially from the results contemplated by the forward-looking
statements. Factors that might cause such a difference include, but
are not limited to, the following: an economic downturn and
economic uncertainty; changes to tariffs or import duties,
including retaliatory tariffs; changes in macroeconomic policies;
inflation (including rising energy prices, interest rates, wages
and other escalators) and policy reactions thereto (including
actions by central banks); disruptions in the supply of materials
and components used in the production of our products; labor
disputes; loss of market share to other modes of freight shipment;
and the war in Ukraine and related
events. Our backlog of railcar units and other orders not included
in backlog are not necessarily indicative of future results of
operations. Certain orders in backlog are subject to customary
documentation which may not occur. More information on potential
factors that could cause our results to differ from our
forward-looking statements is included in the Company's filings
with the SEC, including in the "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" sections of the Company's most recently filed periodic
report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
Except as otherwise required by law, the Company assumes no
obligation to update any forward-looking statements or information,
which speak as of their respective dates. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
reflect management's opinions only as of the date hereof.
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SOURCE The Greenbrier Companies, Inc.