Monday, October 28, 2013

Wabtec sets EVP/CFO transition

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Wabtec Corp. said Sunday, Oct. 27 , 2013 Patrick D. Dugan has been named executive vice president and chief financial officer effective Jan. 1, 2014. Dugan will succeed Alvaro Garcia-Tunon, who is retiring, though Garcia-Tunon will remain with the company as a strategic adviser.

Dugan joined Wabtec in 2003 and has served as senior vice president, finance and corporate controller, as well as a member of the company's executive office since January 2012.

Dugan has been involved in all aspects of Wabtec's business, including strategic planning, financial controls and reporting, acquisitions, banking and capital markets, information technology and tax planning, the company said.

Wabtec Chairman and CEO Albert J. Neupaver, praising Garcia-Tunon, said, "Alvaro has been a true business partner throughout his Wabtec career, and we want to thank him for his service to the company. During his tenure as CFO, Wabtec has had unprecedented growth, with sales increasing more than threefold and earnings increasing more than sevenfold."