Trinity Industries, Inc. has realigned responsibilities for several senior executives, effective April 1, 2020.
Eric R. Marchetto has been appointed chief financial officer, succeeding Melendy E. Lovett who returns to her previous position as chief administrative officer. The company is discontinuing the role of TrinityRail Group president. The company has also announced that W. Relle Howard, currently vice president and chief administrative officer, will return to the role of Trinity’s chief information officer.
“This management realignment is the first step in implementing a new organizational design developed over the past few months which is aligned with the Company’s commitment to optimizing the rail platform in order to drive our financial performance to new levels,” stated E. Jean Savage, Trinity Industries CEO and president. “Trinity is transitioning our business model from a holding company structure to an operating structure. This new structure will align our organization to be more effective and efficient and to better serve our customers.”
“Eric previously served as chief financial officer of TrinityRail, and has a wealth of financing and industry knowledge critical to managing the business through this important period,” added Savage. “I am thankful to Melendy for stepping into the CFO role post spinoff and working to establish important financial goals for the Company to continue to execute against. I’m happy she has agreed to return as Trinity’s chief administrative officer, where she will continue her focus on optimizing both our organization and operations.”
“Additionally, Brian Madison, president TrinityRail Leasing and Management Services, Paul Mauer, president Trinity Rail Products, and Gregg Mitchell, TrinityRail chief commercial officer will now report to me,” concluded Savage. “This team is extremely well aligned in Trinity’s goal to unlock value for our shareholders and customers and capture the synergies inherent in our integrated rail platform.”