GATX, a lessor of transportation assets, promoted Kevin J. Hillesland to senior vice president of structured finance, Geoffrey D. Phillips to senior vice president of operations and John M. Sbragia to senior vice president of engineering and quality.

Hillesland will continue to drive various strategic initiatives, including GATX’s investment in aircraft spare engines. Since joining GATX in 1994, Hillesland has held leadership positions in corporate finance, portfolio investments and structured finance with increasing responsibility. He has also served as a board member of Rolls-Royce & Partners Finance, GATX’s 50% owned aircraft spare engine leasing joint venture.

In his most recent role as vice president and executive director of structured finance, Hillesland led efforts to grow GATX’s program of direct investment in aircraft spare engines. Since 2021, GATX has invested approximately $770 million to acquire 29 wholly-owned aircraft spare engines.

Phillips will continue to lead GATX Rail North America’s maintenance operations. Since joining GATX in 1996, Phillips has held leadership positions in finance, business development, customer experience, operations and rail services and logistics with increasing responsibility.

In his most recent role as vice president and group executive of operations, Phillips implemented maintenance network optimization initiatives that resulted in improved operational efficiency and productivity across GATX’s rail maintenance shops.

Sbragia will continue to lead GATX Rail North America’s railcar engineering, product design and development and quality control functions. Since joining GATX in 1998, Sbragia has held leadership positions in engineering and quality with increasing responsibility.

In his most recent role as vice president and group executive of engineering and quality, Sbragia represented GATX on multiple regulatory committees and trade organizations to share his technical knowledge.

“Kevin, Geoff and John are proven leaders with extensive depth and breadth of experience in their respective fields,” Robert C. Lyons, president and CEO of GATX, said. “These promotions reflect GATX’s significant investment in our global growth strategy and ongoing commitment to maintaining the highest standards of safety, integrity and service.”