For Watco, C-Suite Changes

Written by William C. Vantuono, Editor-in-Chief
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Watco photo.

Watco has made several executive leadership changes that the company said “will refine its focus and simplify its mission.” The changes go into effect immediately.

Nick Coomes. Watco photo.

Nick Coomes is now Executive Vice President and Chief Solutions Officer, responsible for customer solutions and sales, industrial development, service assurance, project management, engineering, assets and information technology. He “will ensure Watco finds ways to say yes to customers while creating value for both them and Watco,” the company said. “He’ll also make sure the company has the right assets in the right condition in the right places and implement enhanced technology solutions.” Coomes joined Watco in 2014.

Rachael Peterson. Watco photo.

Rachael Peterson is now Executive Vice President and Chief Business Officer, responsible for operations, safety, people services and marketing. She “will ensure Watco has the right people in the right places, executing the company’s service strategy safely every day and “make sure the team is always inspired and prepared to execute and will develop the Watco leaders of tomorrow.” Peterson joined Watco in 2006.

Andy Nielsen. Watco photo.

Andy Nielsen is now Executive Vice President and Chief Accounting Officer, responsible for all accounting functions, tax, daily cash management, risk management, purchasing and procurement. He “will track where each dollar starts and ends its journey within Watco, while managing risk in a practical and thoughtful manner.” Nielson joined Watco in 2015.

Rick Baden. Watco photo.

Rick Baden remains Executive Vice President and Chief Financial Officer, responsible for managing all aspects of finance, treasury, capital allocation and investor relations. He “will make sure the company aligns with the right partners and makes prudent decisions on investments” and “ensure Watco doesn’t lose sight of long-term value creation.” Baden joined Watco in 2004.

“This new structure will better support Watco’s focus on ensuring we have the best possible solutions for our customers and that our team is armed with the tools necessary to deliver those solutions,” said Watco CEO Dan Smith. “It will also ensure we have a distinct focus on our people who are charged with safely executing for our customers day to day. These changes will better align our teams to execute and improve every day, while always finding ways to take care of our customers long into the future.”

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