The Greenbrier Companies elected Lorie Tekorius, president and CEO of the company, to its board of directors. Tekorius was promoted to CEO at the beginning of March and by joining the board, increases the number of directors from 10 to 11. She is expected to be nominated for a three-year term to the board at Greenbrier’s annual meeting of shareholders in January 2023.

In addition to Greenbrier, Tekorius has served as an independent director on the board of directors of Alamo Group since 2019.

“Lorie is well-qualified to join the board. She possesses a deep understanding of the company and a steady commitment to its shareholders. Through her work with Alamo Group, Lorie brings direct public company board experience to this position. I thank Lorie for her longstanding commitment to Greenbrier, and I join the rest of our directors in welcoming her to the board,” William A. Furman, executive chair of Greenbrier’s board of directors, said.

“I am pleased to welcome Lorie to the Greenbrier board. Throughout her career, she has created substantial value for the company. The board expects her contributions will further benefit Greenbrier and our shareholders as we continue to grow our operations, drive profitability and enhance shareholder value,” Admiral Thomas B. Fargo (USN Retired), lead director of Greenbrier’s board of directors, said.

“It’s an honor to join Greenbrier’s board of directors and support the company in this new capacity,” Tekorius said. “Alongside my board colleagues, I look forward to collectively creating positive results for Greenbrier’s shareholders, customers, employees and all stakeholders.”

As announced in July 2020, Furman will serve as executive chairman through Greenbrier’s 2022 fiscal year. Furman’s current board term will continue until January 2024. Effective September 2022, the board of directors will appoint a chair from among its nine independent directors.