Trinity Industries realigning businesses

Trinity Industries is setting out plans to spin-off its infrastructure-related businesses to Trinity stockholders. Scott Beasley, the currently the group chief financial officer (CFO) of Trinity’s Construction, Energy, Marine and Components businesses, will be the future CFO of the new infrastructure company upon completion of the spin-off. James E Perry, Trinity’s senior vice president and CFO, will remain in his current role with Trinity following completion of the planned spin-off. Perry joined Trinity
February 28, 2018 Read time: 2 mins

Trinity Industries is setting out plans to spin-off its infrastructure-related businesses to Trinity stockholders. Scott Beasley, the currently the group chief financial officer (CFO) of Trinity’s Construction, Energy, Marine and Components businesses, will be the future CFO of the new infrastructure company upon completion of the spin-off.

James E Perry, Trinity’s senior vice president and CFO, will remain in his current role with Trinity following completion of the planned spin-off. Perry joined Trinity in 2004, and is in his eighth year as the company’s CFO.

Beasley has served in his current role since 2017. He joined the company in 2014 and previously served as vice president of Corporate Strategic Planning for Trinity Industries.

Prior to joining Trinity, Beasley was an Associate Principal with McKinsey & Company, a global management consulting firm, where he led client engagements across the transportation, energy, and industrial sectors. Previously, he worked at McMaster-Carr Supply Company for several years as an operations manager. Beasley earned a Bachelor of Arts in Economics from Duke University, and an MBA from Northwestern University’s Kellogg School of Management.

“I am pleased that James and Scott will be serving the two companies in the Chief Financial Officer roles,” said Timothy R. Wallace, Trinity’s chairman, president and chief executive officer. “Both James and Scott have contributed greatly to Trinity’s success and will play key roles in the future for the respective companies. Each of them will help to provide continuity for both companies as we prepare for the spin-off and after the transaction has been completed.”

Finance & Funding

Related Content

  • Jacobs and CH2M to merge in a US$3.27 deal
    August 3, 2017
    Global US infrastructure firm Jacobs Engineering Group and one of its main rivals, CH2M, are to merge under a US$3.27 billion deal. In a written statement, Jacobs said it will acquire all of the outstanding shares of CH2M in a cash and stock transaction, including around $416 million of CH2M debt. CH2M had global revenue in the past 12 months of around $4.4 billion and about 20,000 employees. Its contracts are in the water, transportation, environmental and nuclear sectors.
    Read More
  • ARTBA honours innovators in hall of fame
    October 7, 2015
    The American Road & Transportation Builders Association (ARTBA) has honoured key engineering innovators into its Hall of Fame. These include the pioneer of urban interchange design, the Pennsylvania pioneer of the welded bridge concept, a former congressional transportation investment champion and a top US transportation engineering researcher and educator. Launched in 2010, the Transportation Development Hall of Fame honours individuals or families from the public and private sectors who have made extra
    Read More
  • Julián Núñez, head of ASECAP offers a little Spanish enlightenment
    May 1, 2018
    Julián Núñez, president of ASECAP, gets his teeth into the vision of a European strategy for toll roads. David Arminas reports from Madrid Getting European politicians to agree to a long-term cross-border highway infrastructure programme for toll roads is extremely difficult. It’s a bit like pulling teeth. People want to avoid the pain. This is perhaps a bad analogy to use in the case of Julián Núñez, president of ASECAP - European Association of Operators of Toll Road Infrastructures. Núñez had just sat
    Read More
  • Topcon’s Ray O’Connor to retire in 2025
    August 21, 2024
    Before his retirement, O’Connor becomes chairman on September 1 and Ivan Di Federico, executive vice president and chief strategy officer, becomes chief executive.
    Read More

Highlighted Content