UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) December 10, 2010
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
| 1-13782 | 25-1615902 | |
| (Commission File Number) |
(IRS Employer Identification No.) | |
| 1001 Airbrake Avenue Wilmerding, Pennsylvania |
15148 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
(412) 825-1000
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 10, 2010, Westinghouse Air Brake Technologies Corporation (the “Company”) announced the following management appointments, effective immediately: Raymond T. Betler has been named Chief Operating Officer; Alvaro Garcia-Tunon has been named Executive Vice President, Chief Financial Officer and Secretary; Charles F. Kovac has been named Senior Vice President of the Freight Products Group; and Richard A. Mathes has been named Vice President of Strategic Planning.
Mr. Betler, 55, joined the Company in 2008 and has been serving as Vice President, Group Executive of the Company’s Transit Group. Prior to joining the Company, Mr. Betler served in various positions of increasing responsibility at Bombardier Transportation since 1979. Most recently, Mr. Betler served as President, Total Transit Systems from 2004 until 2008 and before that as President, London Underground Projects from 2002 to 2004. With more than 30 years of experience in the transit industry, his knowledge of the business and the Company’s customer base has served the Company well. In his new role, he has responsibility for all of the Company’s operations, as well as international sales, global sourcing and the Wabtec Performance System.
Mr. Garcia-Tunon, 58, joined the Company in 1995 and has been serving as Senior Vice President, Chief Financial Officer and Secretary since 2003. Throughout his career at the Company, he has held positions of increasing responsibility, including Corporate Development, Controller and Treasurer, and has played an integral role in the Company’s growth. Mr. Garcia-Tunon was Senior Vice President, Finance of the Company from November 1999 until March 2003 and Treasurer of the Company from August 1995 until November 1999.
Mr. Kovac, 54, joined the Company in 2007 and has been serving as a Vice President, Group Executive in the Company’s Freight Group. He has been instrumental in several of the Company’s key growth initiatives, and now has responsibility for all of the company’s freight rail divisions. Prior to joining the Company, Mr. Kovac served as General Manager of the Global Floor Care/Specialty Motors Division of AMETEK, Inc. since 2003. Prior to joining AMETEK, Inc., Mr. Kovac was Chief Operating Officer of The Teleios Group, LLC from 1999 to 2003.
Mr. Mathes, 56, joined the Company in 2008 and has been serving as a Vice President, Group Executive. Prior to joining the Company, Mr. Mathes was CEO of Standard Car Truck (“SCT”) from 1995 to 2008, having rejoined SCT in 1989 as President. Mr. Mathes had previously been in sales and marketing with SCT from 1979 through 1984 before leaving to pursue other opportunities in the rail industry. He began his 36-year career in the transportation industry in 1972 with the Missouri Pacific Railroad in St. Louis, MO.
The Company issued a press release reporting these appointments and a copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item 5.02 by reference.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
The following exhibit is furnished with this report on Form 8-K:
| Exhibit No. |
Description | |
| 99.1 | Press release dated December 10, 2010 | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION | ||
| By: |
/S/ ALVARO GARCIA-TUNON | |
| Alvaro Garcia-Tunon | ||
| Executive Vice President, Chief Financial Officer and Secretary | ||
Date: December 14, 2010
EXHIBIT INDEX
| Number |
Description |
Method of Filing |
||||
| 99.1 | Press release dated December 10, 2010 | Filed herewith. | ||||
Exhibit 99.1
|
News Release |
Wabtec Announces Management Appointments
WILMERDING, PA, Dec. 10, 2010 – Wabtec Corporation (NYSE: WAB) today announced the following management appointments, effective immediately: Raymond T. Betler has been named chief operating officer; Alvaro Garcia-Tunon has been named executive vice president, chief financial officer and secretary; and Charles F. Kovac has been named senior vice president of the freight products group.
Albert J. Neupaver, Wabtec’s president and chief executive officer, said: “We’re pleased to promote these individuals as part of our leadership development process and in recognition of the valuable roles they play in the success of the company. In the past five years, Wabtec has grown substantially and we need to continue to develop management talent as we plan our course for future growth.”
Betler joined Wabtec in 2008 and has been serving as vice president and group executive of Wabtec’s Transit Group. With more than 30 years of experience in the transit industry, his knowledge of the business and Wabtec’s customer base has served the company well. In his new role, he has responsibility for all of Wabtec’s operations, as well as international sales, global sourcing and the Wabtec Performance System.
Garcia-Tunon joined the company in 1995 and has been serving as senior vice president, chief financial officer and secretary since 2003. Throughout his Wabtec career, he has held positions of increasing responsibility, including corporate development, controller and treasurer, and has played an integral role in the company’s growth.
Kovac joined Wabtec in 2007 and has been serving as a vice president and group executive in Wabtec’s Freight Group. He has been instrumental in several of Wabtec’s key growth initiatives, and now has responsibility for all of the company’s freight rail divisions.
Wabtec Corporation is a global provider of value-added, technology-based products and services for rail and industrial markets. Through its subsidiaries, the company manufactures a range of products for locomotives, freight cars and passenger transit vehicles. The company also builds new switcher and commuter locomotives, and provides aftermarket services. The company has facilities located throughout the world.
| ||||
| Tim Wesley | Phone: 412.825.1543 | Wabtec Corporation | ||
| E-mail: twesley@wabtec.com | 1001 Air Brake Avenue | |||
| Website: www.wabtec.com | Wilmerding, PA 15148 | |||