Wabtec Appoints Beverley Babcock to Board of Directors

Rhea-AI Summary

Wabtec Corporation (NYSE: WAB) has appointed Beverley Babcock to its Board of Directors, effective immediately. Babcock, with over 30 years of financial and accounting expertise, previously served as CFO of Imperial Oil Limited and held key roles at ExxonMobil. Her extensive background in finance and the energy sector is expected to contribute significantly to Wabtec's growth. Wabtec aims to enhance shareholder value by leveraging her global experience in financial management and corporate governance.

Positive

• Appointment of Beverley Babcock brings extensive financial experience.
• Babcock's background in the energy sector aligns with Wabtec's growth strategy.
• Expected enhancement of shareholder value through her expertise.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)-- Wabtec Corporation (NYSE: WAB) announced the appointment of Beverley Babcock to its Board of Directors, effective today.

Wabtec Corporation announced the appointment of Beverley Babcock to its Board of Directors. (Photo: Business Wire)

Babcock, 61, has extensive financial and accounting experience having served as the former CFO of Imperial Oil Limited, one of Canada's largest integrated oil companies active in all phases of the petroleum industry. Prior to this role, Babcock held a variety of leadership roles at ExxonMobil including Vice President of Corporate Financial Services and Assistant Controller. Babcock also held several accounting and internal audit positions at Imperial Oil Limited. Over her career, she has built expertise in finance, accounting and reporting, organizational leadership, strategy, and corporate governance.

Babcock serves as a Director on Olin Corporation’s Board, as well as on the Board of the Forte Foundation, a consortium of leading companies and top business schools working together to launch women into fulfilling, significant careers in business.

“We are thrilled to welcome Beverley to Wabtec’s Board of Directors,” said Wabtec Chairman Al Neupaver. “Her extensive global experience in financial, accounting, and treasury management along with her deep energy sector knowledge will be valuable as Wabtec continues to grow in markets around the world and delivers increased shareholder value."

About Wabtec Corporation

Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide. Visit Wabtec’s website at: www.WabtecCorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220701005050/en/

Wabtec Investor Contact

Kristine Kubacki, CFA / Kristine.Kubacki@wabtec.com / 412-450-2033

Wabtec Media Contact

Deia Campanelli / Deia.Campanelli@wabtec.com / 773-297-0482

Source: Wabtec Corporation

FAQ

What is the significance of Beverley Babcock's appointment to Wabtec's Board?

Beverley Babcock's appointment is significant due to her extensive financial expertise and energy sector knowledge, which can help drive Wabtec's growth and enhance shareholder value.

When did Wabtec Corporation announce Beverley Babcock's appointment?

Wabtec Corporation announced Beverley Babcock's appointment to the Board of Directors effective immediately.

What previous roles did Beverley Babcock hold before joining Wabtec's Board?

Beverley Babcock previously served as CFO of Imperial Oil Limited and held various leadership roles at ExxonMobil, including Vice President of Corporate Financial Services.

How might Beverley Babcock's experience benefit Wabtec Corporation?

Her extensive background in financial management and corporate governance can provide valuable insights and strategies to support Wabtec's global growth and improve shareholder value.