This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Neupaver Becomes Wabtec Chairman, CEO; Betler Named Wabtec President, COO

WILMERDING, Pa., May 14, 2013 /PRNewswire/ -- Wabtec Corporation (NYSE: WAB) named Albert J. Neupaver chairman and chief executive officer, and Raymond T. Betler president and chief operating officer, effective today.

Neupaver, 62, has been Wabtec's president and CEO, and a board member, since 2006.  He succeeds William E. Kassling as chairman of the board and will also remain CEO.  Kassling will remain on the board in the role of Lead Director, after being elected for a new, three-year term at today's annual shareholders meeting.

Betler, 57, joined Wabtec in 2008 as vice president and group executive of the company's Transit Group and was promoted to chief operating officer in 2010.  As president and COO, he will assume additional responsibility for Wabtec's day-to-day operations, including functional areas such as finance, human resources, corporate development and legal.  He has more than 30 years of experience in the transportation industry.

Neupaver said: "Ray's promotion to president and COO marks an important step in our ongoing succession planning process and recognizes the vital role he has played since joining the company.  He has strong leadership capabilities and tremendous industry experience.  I look forward to continuing to work with Ray and the rest of our team to build on Wabtec's success. 

"We would also like to recognize and thank Bill Kassling, who is really the patriarch of modern-day Wabtec.  Bill has been a key driving force at the company for nearly 30 years, and has made invaluable contributions to Wabtec's success and standing in the industry.  I'm personally grateful that we can continue to benefit from his counsel and honored to succeed him as chairman." 

Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs