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Genesee & Wyoming has announced leadership changes effective September 1. Jack Hellmann transitions from CEO to Executive Chairman for North America and UK/Europe, while Michael Miller, with 13 years at G&W, becomes the new CEO. Tim Shoveller is set to join as CEO for UK/Europe operations. Mike Peters is appointed Chief Customer Officer, focusing on enhancing customer experience across G&W’s railroads. These changes aim to drive growth and execute strategic plans within G&W’s extensive rail network, which serves 3,000 customers across North America and Europe.
Positive
Leadership transition expected to bring fresh energy and direction.
Michael Miller's previous experience and commitment may enhance strategic execution.
Mike Peters' focus on customer experience could improve service and satisfaction.
Negative
Potential concerns regarding continuity and experience gaps with leadership changes.
DARIEN, Conn.--(BUSINESS WIRE)--
After 16 years as Chief Executive Officer of Genesee & Wyoming Inc. (G&W), Jack Hellmann has been named Executive Chairman of both G&W’s North America and UK/Europe Boards of Directors, effective September 1. At the same time, Mr. Hellmann will be appointed Vice Chair of Brookfield Infrastructure, which is the controlling shareholder of G&W.
Michael Miller will succeed Mr. Hellmann as Chief Executive Officer of G&W, responsible for North American operations, also effective September 1. Tim Shoveller is expected to join the company as Chief Executive Officer for G&W’s UK/Europe operations by late summer 2023. Mr. Miller has worked at G&W for 13 years, including five years as President and eight years as Chief Commercial Officer. Mr. Shoveller most recently served as Managing Director, North West and Central Region at Network Rail in the UK.
Mike Peters has been named Chief Customer Officer for G&W North America, focused on improving the customer experience and enhancing the value of rail transportation across G&W’s 110 affiliated railroads as well as developing long-term market strategies in 43 U.S. states and four Canadian provinces. Mr. Peters has worked at G&W for 10 years, including five as Chief Commercial Officer and five as Senior Vice President of Industrial Development and Real Estate.
“Our leadership changes bring exciting energy to G&W’s trajectory of growth,” Hellmann commented. “Michael Miller’s leadership, commercial acumen and commitment to G&W’s core values make him the ideal North American CEO to lead us through the execution of our strategic plan. Mike Peters has done an excellent job building our commercial capabilities, and his now exclusive focus on enhancing our rail customers’ experience will be critical to our success. Tim Shoveller will make a terrific addition to the UK/European business as we continue to strengthen its industry-leading safety and service to our intermodal logistics and heavy haul customers.”
About Genesee & Wyoming
G&W owns or leases 115 freight railroads with 7,300 employees serving 3,000 customers. The company’s North American operations include 110 short line and regional railroads that serve 43 U.S. states and four Canadian provinces over more than 13,000 track-miles, while its UK/Europe operations include the U.K.’s largest rail-centric intermodal logistics franchise and the leading heavy haul freight rail provider, as well as regional rail services in Continental Europe.
G&W subsidiaries and joint ventures also provide rail service at more than 30 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, and industrial railcar switching and repair.
G&W is owned by Brookfield Infrastructure Partners, L.P. and GIC.
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Brookfield Infrastructure is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Further information is available at https://bip.brookfield.com.
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Corporation, a global alternative asset manager with approximately $800 billion of assets under management. For more information, go to https://brookfield.com.
About GIC
GIC is a leading global investment firm established in 1981 to secure Singapore's financial future. As the manager of Singapore's foreign reserves, GIC takes a long‐term, disciplined approach to investing, and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital and infrastructure. The firm's long‐term approach, multi‐asset capabilities, and global connectivity enable them to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 1,900 people in 11 key financial cities and has investments in over 40 countries. Further information is available at https://www.gic.com.sg.
