DALLAS--(BUSINESS WIRE)--
Trinity Industries, Inc. (NYSE:TRN) recently announced its intention to
pursue a plan to spin-off the Company’s infrastructure-related
businesses to Trinity stockholders. Today, Trinity is pleased to
announce that Scott Beasley, currently the Group Chief Financial Officer
of Trinity’s Construction, Energy, Marine and Components businesses, has
accepted a role as the future Chief Financial Officer of the new
infrastructure company upon completion of the spin-off.
James E. Perry, Trinity’s Senior Vice President and Chief Financial
Officer, will remain in his current role with Trinity following
completion of the planned spin-off. Mr. Perry joined Trinity in 2004,
and is in his eighth year as the Company’s CFO.
Mr. Beasley, 37, has served in his current role since 2017. Mr. Beasley
joined the Company in 2014 and previously served as Vice President of
Corporate Strategic Planning for Trinity Industries.
Prior to joining Trinity, Mr. Beasley was an Associate Principal with
McKinsey & Company, a global management consulting firm, where he led
client engagements across the transportation, energy, and industrial
sectors. Previously, he worked at McMaster-Carr Supply Company for
several years as an operations manager. Mr. Beasley earned a Bachelor of
Arts in Economics from Duke University, and an MBA from Northwestern
University’s Kellogg School of Management.
“I am pleased that James and Scott will be serving the two companies in
the Chief Financial Officer roles,” said Timothy R. Wallace, Trinity’s
Chairman, President and Chief Executive Officer. “Both James and Scott
have contributed greatly to Trinity’s success and will play key roles in
the future for the respective companies. Each of them will help to
provide continuity for both companies as we prepare for the spin-off and
after the transaction has been completed.”
Company Description
Trinity Industries, Inc., headquartered in Dallas, Texas, is a
diversified industrial company that owns complementary market-leading
businesses providing products and services to the energy, chemical,
agriculture, transportation, and construction sectors, among others.
Trinity reports its financial results in five principal business
segments: the Rail Group, the Railcar Leasing and Management Services
Group, the Inland Barge Group, the Construction Products Group, and the
Energy Equipment Group. For more information, visit: www.trin.net.
Some statements in this release, which are not historical facts, are
“forward-looking statements” as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include
statements about Trinity's estimates, expectations, beliefs, intentions
or strategies for the future, and the assumptions underlying these
forward-looking statements. Forward-looking statements may include, but
are not limited to, statements regarding the anticipated separation of
Trinity into two separate public companies, the expected timetable for
completing the transaction, future financial and operating performance
of each company, benefits and synergies of the transaction, strategic
and competitive advantages of each company, future opportunities for
each company and any other statements regarding events or developments
that Trinity believes or anticipates will or may occur in the future.
Trinity uses the words “anticipates,” “assumes,” “believes,”
“estimates,” “expects,” “intends,” “forecasts,” “may,” “will,” “should,”
“guidance,” “outlook,” and similar expressions to identify these
forward-looking statements. Forward-looking statements speak only as of
the date of this release, and Trinity expressly disclaims any obligation
or undertaking to disseminate any updates or revisions to any
forward-looking statement contained herein to reflect any change in
Trinity’s expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is based. There
is no assurance that the proposed transaction will be completed, that
the Company's Board of Directors will continue to pursue a proposed
transaction (even if there are no impediments to completion), that the
Company will be able to separate its businesses, or that the proposed
transaction will be the most beneficial alternative considered.
Forward-looking statements involve risks and uncertainties that could
cause actual results to differ materially from historical experience or
our present expectations, including but not limited to risks and
uncertainties regarding economic, competitive, governmental, and
technological factors affecting Trinity’s operations, markets, products,
services and prices, as well as any changes in or abandonment of the
proposed separation or the ability to effect the separation and satisfy
the conditions to the proposed separation, and such forward-looking
statements are not guarantees of future performance.
For a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the forward-looking
statements, see “Risk Factors” and “Forward-Looking Statements” in the
Company's Annual Report on Form 10-K for the most recent fiscal year,
and as may be revised and updated by our Quarterly Reports on Form 10-Q
and Current Reports on Form 8-K.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180216005667/en/
Trinity Industries, Inc.
Investor Contact:
Preston
Bass, 214-631-4420
Director, Investor Relations
or
Media
Contact:
Jack Todd, 214-589-8909
Vice President, Public
Affairs
Source: Trinity Industries, Inc.