FreightCar America Appoints Joseph McNeely As CEO - Quick Facts

(RTTNews) - FreightCar America, Inc. (RAIL) has named Joseph (Joe) McNeely, its current president and chief operating officer, as chief executive Officer, effective immediately. McNeely, who would continue to serve as President and would join the board, succeeds Ed Whalen, who is retiring as Chief Executive Officer of the company and resigning from its board. Whalen would remain as an employee of FreightCar America through December 31, 2013, providing transition and consultative services.

McNeely joined FreightCar America as Chief Financial Officer in September 2010 and was appointed as President and Chief Operating Officer in May 2013. Earlier to that, McNeely served as Vice President Sales and Marketing of Mitsui Rail Capital, LLC., where he focused on railcar leasing sales and marketing, business development, and diversification of their railcar product portfolio.