CHICAGO--(BUSINESS WIRE)--
FreightCar America, Inc. (NASDAQ: RAIL) announced that its Board of
Directors has appointed Matthew (Matt) S. Kohnke as Vice President,
Finance, Chief Financial Officer and Treasurer, effective February 29,
2016. Mr. Kohnke will succeed Charles F. Avery, Jr., who left the
Company by mutual consent effective January 22, 2016, to pursue new
business opportunities. Joseph E. McNeely, President and CEO will serve
as the interim Vice President, Finance, Chief Financial Officer and
Treasurer until Mr. Kohnke joins the Company.
Mr. Kohnke, 44, has 25 years of experience in finance and accounting and
joins the Company from Dorman Products, Inc., a publicly traded supplier
of replacement parts and fasteners to the automotive aftermarket, where
he has served since 2002. He first served as Dorman’s Vice President and
Corporate Controller and, in 2011, he assumed the position of Dorman’s
Chief Financial Officer. As CFO, Mr. Kohnke played a key role in
positioning Dorman to achieve its annual growth and long-term strategic
plan objectives. Prior to joining Dorman, Matt spent 10 years in public
accounting at Arthur Andersen LLP, including holding a leadership role
in its Audit and Business Advisory practice. He holds a Bachelor of
Science degree in Accounting from Villanova University.
“Matt will be a great fit with our executive team. The financial and
leadership experience he brings will serve the Company well as we
continue to strive for success in a dynamic competitive and economic
environment,” said Joe McNeely, President and Chief Executive Officer of
FreightCar America. McNeely concluded, “On behalf of the Board of
Directors, I would like to thank Chip Avery for his contributions to the
Company, and wish him well as he pursues new opportunities.”
FreightCar America, Inc. manufactures a wide range of railroad freight
cars, supplies railcar parts and leases freight cars through its JAIX
Leasing Company subsidiary. FreightCar America designs and builds
high-quality railcars, including coal cars, bulk commodity cars, covered
hopper cars, intermodal and non-intermodal flat cars, mill gondola cars,
coil steel cars and boxcars. It is headquartered in Chicago, Illinois
and has facilities in the following locations: Cherokee, Alabama;
Danville, Illinois; Grand Island, Nebraska; Johnstown, Pennsylvania; and
Roanoke, Virginia. More information about FreightCar America is
available on its website at www.freightcaramerica.com.
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FreightCar America, Inc.
Thomas P. McCarthy, 800-458-2235
Source: FreightCar America, Inc.