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Greenbrier mourns the passing of board member Patrick Ottensmeyer

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The Greenbrier Companies (NYSE: GBX) mourns the passing of board member Patrick J. Ottensmeyer at age 67. Ottensmeyer, who joined Greenbrier's Board in 2023, brought extensive industry and international relations expertise. He served as President and CEO of Kansas City Southern from 2015 to 2023 and played a important role in representing business interests during the creation of the USMCA. Ottensmeyer received numerous industry awards, including the NARS Edward R. Hamberger Lifetime Achievement Award in 2023 and Railway Age's Railroader of the Year in 2020 and 2022. Greenbrier's Board Chair and CEO expressed deep appreciation for Ottensmeyer's contributions to the company, its shareholders, and the broader rail industry.

Le Greenbrier Companies (NYSE: GBX) piange la scomparsa del membro del consiglio Patrick J. Ottensmeyer, deceduto all'età di 67 anni. Ottensmeyer, che si era unito al consiglio di Greenbrier nel 2023, portava con sé una vasta esperienza nel settore e nelle relazioni internazionali. Ha ricoperto il ruolo di Presidente e CEO della Kansas City Southern dal 2015 al 2023, ed ha svolto un ruolo importante nel rappresentare gli interessi commerciali durante la creazione dell'USMCA. Ottensmeyer ha ricevuto numerosi premi nel settore, tra cui il NARS Edward R. Hamberger Lifetime Achievement Award nel 2023 e il premio Railway Age's Railroader of the Year nel 2020 e 2022. Il presidente e CEO del consiglio di Greenbrier ha espresso profonda gratitudine per il contributo di Ottensmeyer alla società, ai suoi azionisti e all'industria ferroviaria in generale.

Las empresas Greenbrier (NYSE: GBX) lamentan el fallecimiento del miembro del consejo Patrick J. Ottensmeyer a los 67 años. Ottensmeyer, quien se unió a la Junta de Greenbrier en 2023, aportó una amplia experiencia en la industria y en relaciones internacionales. Se desempeñó como Presidente y CEO de Kansas City Southern desde 2015 hasta 2023 y jugó un papel importante en la representación de los intereses empresariales durante la creación del USMCA. Ottensmeyer recibió numerosos premios de la industria, incluido el NARS Edward R. Hamberger Lifetime Achievement Award en 2023 y el premio Railway Age's Railroader del Año en 2020 y 2022. El presidente y CEO de la junta de Greenbrier expresó un profundo agradecimiento por las contribuciones de Ottensmeyer a la empresa, sus accionistas y a la industria ferroviaria en general.

그린브라이어 컴퍼니(Greenbrier Companies, NYSE: GBX)는 67세의 나이로 이사인 패트릭 J. 오텐스마이어(Patrick J. Ottensmeyer)의 별세를 애도합니다. 오텐스마이어는 2023년에 그린브라이어 이사회에 합류하였으며, 광범위한 산업 및 국제 관계 전문성을 보유하고 있었습니다. 그는 2015년부터 2023년까지 캔자스 시티 서던(Kansas City Southern)의 사장 및 CEO로 재직하며 USMCA 창안 과정에서 비즈니스 이익을 대변하는 중요한 역할을 했습니다. 오텐스마이어는 2023년에 NARS 에드워드 R. 햄버거 생애 공로상을 포함하여 여러 산업 상을 수상했습니다. 또한 2020년과 2022년에는 Railway Age의 올해의 철도인으로 선정되었습니다. 그린브라이어 이사회 의장 및 CEO는 오텐스마이어의 회사, 주주 및 더 넓은 철도 산업에 대한 기여에 깊은 감사를 표했습니다.

Les Greenbrier Companies (NYSE: GBX) pleurent le décès de Patrick J. Ottensmeyer, membre du conseil, à l'âge de 67 ans. Ottensmeyer, qui avait rejoint le conseil de Greenbrier en 2023, apportait une vaste expertise dans l'industrie et dans les relations internationales. Il a été président et PDG de Kansas City Southern de 2015 à 2023 et a joué un rôle important dans la représentation des intérêts commerciaux lors de la création de l'USMCA. Ottensmeyer a reçu de nombreux prix dans l'industrie, notamment le NARS Edward R. Hamberger Lifetime Achievement Award en 2023 et le prix Railway Age's Railroader of the Year en 2020 et 2022. Le président et PDG du conseil de Greenbrier a exprimé sa profonde gratitude pour les contributions d'Ottensmeyer à l'entreprise, à ses actionnaires et à l'industrie ferroviaire en général.

Die Greenbrier Companies (NYSE: GBX) trauern um den verstorbenen Vorstand Patrick J. Ottensmeyer im Alter von 67 Jahren. Ottensmeyer, der 2023 dem Vorstand von Greenbrier beigetreten ist, brachte umfangreiche Erfahrung in der Branche sowie in internationalen Beziehungen mit. Von 2015 bis 2023 war er Präsident und CEO der Kansas City Southern und spielte eine wichtige Rolle bei der Vertretung geschäftlicher Interessen während der Schaffung des USMCA. Ottensmeyer erhielt zahlreiche Branchenpreise, darunter den NARS Edward R. Hamberger Lifetime Achievement Award im Jahr 2023 sowie den Railway Age's Railroader of the Year Award in 2020 und 2022. Der Vorsitzende und CEO des Greenbrier-Vorstands drückte tiefe Wertschätzung für Ottensmeyers Beiträge zum Unternehmen, zu den Aktionären und zur breiteren Eisenbahnindustrie aus.

Positive
  • Ottensmeyer brought valuable industry and international relations expertise to Greenbrier's Board
  • His experience as former CEO of Kansas City Southern enhanced Greenbrier's strategic insights
  • Ottensmeyer's involvement in USMCA negotiations potentially benefits Greenbrier's cross-border operations
Negative
  • Loss of a key board member with extensive industry experience
  • Potential gap in expertise related to U.S.-Mexico trade relations on the board

LAKE OSWEGO, Ore., July 30, 2024 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE: GBX) today remembers Board member Patrick J. Ottensmeyer, who passed away this past weekend at age 67. The Company extends its deepest condolences to his family and friends.

Ottensmeyer had served on Greenbrier's Board since 2023, bringing decades of industry and international relations expertise. Ottensmeyer served as President and CEO of Kansas City Southern (KCS), a Class I railroad, from 2015 to 2023, until the completion of the merger creating Canadian Pacific Kansas City (CPKC) in 2023. Before becoming CEO, Ottensmeyer served in various roles at KCS since 2006.

Ottensmeyer had deep expertise working across the U.S.-Mexico border and was instrumental in representing business interests during the creation of the United States-Mexico-Canada Agreement (USMCA). He served as the U.S. Chairman of the U.S. Chamber of Commerce's U.S.-Mexico Economic Council (USMXECO) during this pivotal time.  He was Co-Chair of the Brookings Institute USMCA Initiative, a group focused on building more integrated and resilient supply chains. He served as Chair of the Truman Library Institute, the member-supported, nonprofit partner of the President Harry S. Truman Library & Museum.

In 2023, Ottensmeyer received the NARS Edward R. Hamberger Lifetime Achievement Award; in 2022, he received Ingram's Executive of the Year Award. Also in 2022, was Railway Age's Co-Railroader of the Year Award, in connection with the CP and KCS merger. He received the Railway Age Railroader of the Year recognition for the first time in 2020, and in 2019, he received Progressive Railroading's Railroad Innovator Award.

"Pat demonstrated a remarkable passion for this industry. From day one, he became an invaluable member of our Board of Directors. We are forever grateful for his contributions to Greenbrier, its shareholders and the broader rail industry. He will be greatly missed, as he was a wonderful friend to his Board colleagues and many at the company," said Board Chair Admiral Thomas B. Fargo (USN Retired).

"Working alongside Pat has been a privilege for the other board members and me. He was a visionary leader who left a lasting legacy for the North American rail industry and the broader trade policy landscape. The Greenbrier family offers our deepest condolences to his friends and family.  Pat will be deeply missed," said Lorie Tekorius, CEO and President.

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 through our maintenance services business unit. Greenbrier owns a lease fleet of approximately 15,200 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.

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SOURCE The Greenbrier Companies, Inc.

FAQ

When did Patrick Ottensmeyer join Greenbrier's (GBX) Board of Directors?

Patrick Ottensmeyer joined Greenbrier's (GBX) Board of Directors in 2023.

What was Patrick Ottensmeyer's role before joining Greenbrier (GBX)?

Before joining Greenbrier (GBX), Patrick Ottensmeyer served as President and CEO of Kansas City Southern from 2015 to 2023.

What major industry awards did Patrick Ottensmeyer receive?

Patrick Ottensmeyer received the NARS Edward R. Hamberger Lifetime Achievement Award in 2023, Railway Age's Railroader of the Year in 2020 and 2022, and Progressive Railroading's Railroad Innovator Award in 2019.

How did Greenbrier (GBX) leadership respond to Patrick Ottensmeyer's passing?

Greenbrier's (GBX) Board Chair and CEO expressed deep appreciation for Ottensmeyer's contributions to the company, its shareholders, and the broader rail industry, describing him as an invaluable board member and visionary leader.

The Greenbrier Companies, Inc.

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