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L B Foster Company Announces CEO Succession Plan
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L B Foster: Bauer to Retire, Kasel to Lead
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L B Foster Appoints SVPs - Railway Age
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PITTSBURGH, March 04, 2021 (GLOBE NEWSWIRE) L.B. Foster Company (the Company ) (NASDAQ:FSTR) is pleased to announce the promotions of Gregory (Greg) W. Lippard, the Company s Vice President of Rail Technologies & Services, to Senior Vice President, Rail Technologies & Services, and William (Bill) F. Treacy, the Company s Vice President of Infrastructure Solutions, to Senior Vice President, Infrastructure Solutions, each effective immediately.
The promotions of Lippard and Treacy, which follow L.B. Foster s recent realignment of its business segment structure last month, will report directly to John F. Kasel, Senior Vice President and Chief Operating Officer.
To better align the Company s competencies to changing market dynamics, a recent reorganization was completed which consolidated the Company s reporting segments into two: Rail Technologies & Services and Infrastructure Solutions. The Company believes this structure will effectively support its growth opportunities