Wabtec Corporation Announces Executive Appointments; Declares Regular Quarterly Dividend, Payable on Aug. 28, 2017
May 10, 2017 at 06:45 am EDT
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Wabtec Corporation announced appointments to its management team and Board of Directors. Albert J. Neupaver has been elected chairman of the company's Board of Directors. Neupaver served as executive chairman for the past three years and as the company's chief executive officer from 2006 to 2014. Raymond T. Betler remains president and chief executive officer and a member of the Board of Directors. He joined Wabtec in 2008 and has served in this position since succeeding Neupaver in 2014. Stéphane Rambaud-Measson has been named Wabtec's executive vice president and chief operating officer and elected a member of the company's Board of Directors. Rambaud-Measson had served as Faiveley Transport's chief executive officer and chairman of its Management Board before joining Wabtec as president and chief executive officer of the Transit Group when Wabtec acquired Faiveley in December 2016. He will remain chief executive officer and chairman of Faiveley Transport and will continue to report to Betler.
Wabtec increased its regular quarterly dividend by 20%, to 12 cents per share from 10 cents per share. The new dividend rate will be payable initially Aug. 28, 2017 to shareholders of record Aug. 14, 2017. This is the seventh consecutive year Wabtec has increased its dividend.
Westinghouse Air Brake Technologies Corporation is one of the world's leading suppliers of value-added technological equipment, systems and services for the transportation sector. The activity is aorganized primarily around 4 families of products and services:
- electronics and special products: including electronic positive train control and pneumatic braking systems, event recorders, monitoring equipment, couplings, gears, couplers, air compressors and heat exchangers;
- transit products: heating, ventilation and air conditioning equipment, doors for buses and metro cars, pantographs, window assemblies, couplers, traction motors, etc.;
- brake components and friction products;
- refurbishment, overhaul and construction services: suburban locomotive construction and switching, overhaul and refurbishment of buses, subway cars and locomotives.
Net sales per market are divided between rail freight transport (71.9%), bus, metro and high-speed train transport (28.1%).
Net sales are distributed geographically as follows: the United States (47%), North America (9.1%), Europe (17%), South America (3.6%), Africa (1.1%) and other (22.2%).
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION 
