According to Kenji Yasuno, chairman of MUL Railcars (MULR), Anders Vestergaard will assume the role of CEO as Jim Sharp, the company’s founding CEO, completes his service with the company in a preplanned management transition.

When MULR started operation in 2017, Sharp was charged with developing the policy and organizational infrastructure to establish MULR as a tier one rail operating leasing platform with an aggressive growth agenda. Three years later MULR is comprised of team and fleet consistent with these aspirations.

“I’m honored and thankful for the great opportunity that our parent, MUL and Kenji have provided me and the trust they have shown,” Vestergaard said. “We have a great team, a diverse fleet and an excellent set of customer relationships. I’m excited to lead MULR through these challenging market conditions. A final thank you to Jim for establishing and leading MULR to this point. The team and I intend to carry on his good work.”

“We’d like to thank Jim for his contributions in developing our business and wish him well in his future endeavors,” Yasuno said. “While we’ll miss Jim, I’m very proud of the culture and professionalism he built at MULR over the past few years. Andy has extensive knowledge of rail business and I look forward to working closely with him to further enhance MULR’s position as one of the leading railcar lessors in the North America market.”