L.B. Foster Company Appoints Raymond T. Betler as Chairman of the Board of Directors
June 15, 2022 at 11:57 am EDT
Share
L.B. Foster Company announced that Raymond T. Betler has been appointed as the Chairman of the Company's Board of Directors effective June 2, 2022.Mr. Betler was previously appointed to the Board of Directors on August 3, 2020, where he brought a wide range of knowledge and skills to the board. He is replacing Lee B. Foster II as Chairman of the Board of Directors for L.B. Foster Company who retired on June 2, 2022.Mr. Betler's experience includes more than four decades in the transportation industry leading up to his service as President & Chief Executive Officer of Westinghouse Air Brake Technologies d/b/a Wabtec Corporation for five
years through his retirement on July 1, 2019. Prior to the CEO role, he held the positions of Chief Operating Officer and Vice President and Group Executive of Wabtec'sTransit Group. Before joining Wabtec, Mr. Betler spent 30 years with Westinghouse Transportation and its associated companies. Through Mr. Betler's career, he has gained a wealth of knowledge in rail transportation systems and related technologies that helps provide alignment and direction to the overall growth strategies of the Company.Mr. Betler is also a director of Dollar Bank, where he serves on multiple committees. He is a member of the Advisory Board of Carnegie Mellon College of Engineering, Electrical and Computer Engineering departments, including the Federal Transportation Center at CMU. "Ray has been a welcome addition to the L.B. Foster Board since 2020 and has made a significant impact and impression. His long history of board and operational leadership makes him a perfect fit for the role of Chairman.
L.B. Foster Company is a global technology solutions provider of engineered, manufactured products and services that builds and supports infrastructure. The Company operates in two segments: Rail, Technologies, and Services (Rail) and Infrastructure Solutions. The Companyâs Rail segment is comprised of several manufacturing, distribution, and service businesses that provide a variety of products, solutions, and services for freight and passenger railroads and other industrial companies throughout the world. The Rail segment also offers contract project management and aftermarket services. The Rail reporting segment is comprised of the Rail Products, Global Friction Management, and Technology Services and Solutions business units. The Infrastructure Solutions segment designs, manufactures, and deploys advanced technologies that impact the built environment, including precast concrete buildings and products, bridge products, and pipe protective coatings and threading.
L.B. FOSTER COMPANY 
