#USA #Charlotte #TTX Company #Vicki Dudley #Jon Perez

TTX Company Announces Significant Executive Changes

TTX Company, recognized as a leader in railcar pooling, has recently made important announcements regarding executive leadership changes. As the company strives to maintain its momentum and vision, two key executives will be retiring, effective soon, with their successors already lined up.

On March 18, 2025, TTX Company declared the retirement of Vice President and Chief Financial Officer (CFO) Vicki Dudley, effective April 1, 2025. Dudley has been with TTX for over a decade, steering the company's financial strategies and facilitating substantial investments in their rail fleet. Under her stewardship, the company has made almost $8 billion worth of investments in new equipment and enhancements, bolstered by nearly $6 billion in new financing. Her leadership has not only strengthened the firm's infrastructure but also ensured a robust financial performance of TTX’s low-cost railcars and maintenance operations.

In parallel, Brian Powers, the Vice President and Chief Human Resources Officer (CHRO), has announced his retirement, which will take effect on June 1, 2025. Powers' tenure with TTX spans over 26 years, including more than 17 years in his current role where he has significantly shaped TTX's organizational culture and employee relations. His accomplishments include successfully negotiating several significant labor agreements and fostering an inclusive workplace that has made TTX one of the preferred employers in the industry.

With the transition ahead, TTX is set to welcome Jon Perez as the new CFO and Scott Howland as the CHRO. Jon Perez, who has been an integral part of TTX since 2013, brings over 20 years of corporate finance experience to his new role. He previously oversaw the Treasury department, where he was responsible for managing capital markets and cash resources, before moving to lead Financial Planning and Analysis. His extensive background and familiarity with TTX's operations position him well to continue enhancing the company's financial standing.

Scott Howland, the incoming CHRO, comes with over three decades of seasoned experience in human resources. He has been instrumental in driving the HR strategy at TTX and is noted for his expertise in HR products, compensation, and organizational management. His leadership will be critical in maintaining a proactive HR strategy that supports TTX’s growth and employee satisfaction.

TTX President and CEO, Tom Wells, expressed his gratitude towards Dudley and Powers for their long-standing commitment and service, highlighting the impactful legacies they leave behind. He stated, "Both Vicki and Brian have been invaluable members of our executive team, guiding us through significant growth and transformation. Their strategic vision and dedication have left an indelible mark on TTX, and we are profoundly grateful for their years of service."

The company looks forward to leveraging the experience of Perez and Howland in a bid to build upon TTX's reputation as a premier railcar provider and employer. In the coming months, TTX aims to continue addressing the evolving needs of their railroad customers while maintaining a focus on operational efficiency and innovation.

In conclusion, TTX Company stands at a pivotal point, embracing new leadership that promises to uphold the standards set by their predecessors while also providing fresh perspectives and strategies. These changes are anticipated to further enhance TTX's commitment towards effective railcar pooling and resource management in North America's railroads. For more details on this announcement and TTX's ongoing initiatives, visit their official website at www.ttx.com.