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Trinity Industries, Inc. Adds Jason Anderson to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Trinity Industries, Inc. (NYSE:TRN) announced the appointment of Jason G. Anderson to its Board of Directors, effective immediately, following the resignation of Brandon B. Boze. Both individuals are affiliated with ValueAct Capital, with Anderson expected to bring notable experience in finance and mergers and acquisitions. Mr. Boze expressed gratitude for his tenure on the board, while the company’s chairman acknowledged Anderson's potential contributions. Anderson previously served at GTCR LLC and Bank of America Merrill Lynch.
Positive
Jason G. Anderson's appointment may enhance strategic decision-making with his finance and M&A expertise.
Continued support from ValueAct Capital, Trinity's largest stockholder, indicates investor confidence.
Negative
Brandon B. Boze's resignation could create continuity concerns due to his board experience.
Potential gaps in experience may arise as the board adjusts to the new member.
DALLAS--(BUSINESS WIRE)--
Trinity Industries, Inc. (NYSE:TRN) (“Trinity”) today announced the addition of Jason G. Anderson to its Board of Directors and the resignation of Brandon B. Boze from the Board, both effective as of today. Similar to Mr. Boze, Mr. Anderson is a member of the investment team at ValueAct Capital. Mr. Anderson will also serve as a member of the Finance and Risk Committee and the Human Resources Committee.
“We are pleased to welcome Jason Anderson to Trinity’s Board of Directors,” said Leldon E. Echols, Trinity’s Non-Executive Chairman of the Board. “His experience in finance, strategy, and mergers and acquisitions will be a tremendous asset to Trinity. We also thank Brandon for his years of service and the guidance he provided to Trinity during his time as a director.”
On his departure, Mr. Boze, a Partner and President of ValueAct Capital, said, “It has been a privilege serving on the Trinity board. I would like to thank the company and its directors for their partnership over the years. ValueAct is delighted that Jason will serve as a director, where we are confident he will make significant contributions to Trinity’s continued success.”
Mr. Anderson is a Vice President at ValueAct Capital, a privately-owned investment firm and Trinity’s largest stockholder. Prior to joining ValueAct Capital in 2016, Mr. Anderson was a Senior Associate at GTCR LLC, a private equity firm focused on leveraged buyouts, leveraged recapitalization, growth capital and rollup transactions. Prior to joining GTCR LLC in 2013, he worked at Bank of America Merrill Lynch in its leveraged finance group.
Mr. Anderson received his bachelors degree in mathematics and economics from Vanderbilt University.
About Trinity Industries
Trinity Industries, Inc., headquartered in Dallas, Texas, owns businesses that are leading providers of rail transportation products and services in North America. Our rail-related businesses market their railcar products and services under the trade name TrinityRail®. The TrinityRail platform provides railcar leasing and management services, as well as railcar manufacturing, maintenance and modifications. Trinity also owns businesses engaged in the manufacture of products used on the nation’s roadways and in traffic control. Trinity reports its financial results in three principal business segments: the Railcar Leasing and Management Services Group, the Rail Products Group, and the All Other Group. For more information, visit: www.trin.net.
