Greenbrier Elects New Board Chair
LAKE OSWEGO, Ore., Aug. 30, 2022 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE: GBX) today announced the election of retired four-star Admiral Thomas B. Fargo as Independent Chair of its Board of Directors, effective at Greenbrier's close of business on August 31. A board member since 2015, Fargo serves as Chair of Greenbrier's Compensation Committee and a member of the Nominating and Corporate Governance Committee. Fargo has served as the Company's Lead Director since January 2021, a position Greenbrier's Board will eliminate with the election of an independent Board Chair. Effective with the appointment of Fargo, Greenbrier's Board policy is that members identified as Chair must meet the standards of the SEC and NYSE for an independent director.
- Fargo has served as the Company's Lead Director since January 2021, a position Greenbrier's Board will eliminate with the election of an independent Board Chair.
- Furman will continue to serve as a board member until January 2024, completing 50 years with Greenbrier and its affiliated businesses.
- Fargo also serves as Board Chair at Hawaiian Electric Industries and on the board of directors at shipping and logistics provider Matson, Inc.
- I look forward to Tom's expanded contributions as Board Chair and to seeing continued growth and development of our committees under his leadership," said William A. Furman, outgoing Executive Chair.