Fred Sasser will continue to serve as Chief Executive Officer and Chairman of the Board of Directors for the organization. Peterson additionally holds the title of Chief Operating Officer, as well as chief executive of all of the company’s business units. Peterson has spent 20 years in the transportation and strategic consulting services industries, and has an educational background in economics and government.
Sasser Family Holdings Inc.’s business units and investments include Chicago Freight Car Leasing Co., Union Leasing Inc., CF Rail Services LLC, Chicago Freight Car Leasing Australia Holdings, and NxGen Rail Services. These business provide rail and vehicle transportation equipment solutions including asset leasing, fleet administration management, asset repair and maintenance, and technology services throughout North America, Australia, and Europe.
Peterson represents the fourth generation of the Sasser family and has served within the organization since 2005, when he joined the organization as President of Union Leasing. Since that time, “he has been a key figure, establishing a secure foundation for the future growth and expansion of the business,” said Fred Sasser. “Shad being elected to the role of President illustrates that we are all only temporary stewards of the business. The future belongs to the coming generations. In operating and growing this business, we are not just supporting our current team and business community, but we are responsible for handing down a business that is stronger and more competitive, so that the next generations can do the same.”
“We are very fortunate to have a strong set of family values that has enabled us to stay committed to the businesses for nearly 85 years,” said Peterson. “These same values are reflected in our businesses and have been at the core of our stability and growth. I look forward to carrying this forward to prepare us for the next generations.”