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

  • CECE-CEMA hands 10-point action manifesto to Euro leaders
    October 17, 2013
    The presidents of the CECE and CEMA have handed the European Parliament a 10-point manifesto for securing strong industrial production across Europe. Doing this, the European construction equipment and agricultural machinery industries underlined that they are committed to playing an active role in reaching the target of the European Commission to raise the share of industry in Europe from 16% GDP to at least 20% by 2020. Both industries maintain important production facilities and R&D sites in Europe.
    Read More
  • Kier’s strong financial performance
    September 20, 2018
    Kier Group has announced a strong financial performance for its full-year results to 30th June 2018. The results were bolstered in particular by a solid performance in its highways business. The company claims that this has reinforced the firm’s position as the UK’s leading provider of highways management and maintenance services. Over the 12 months, Kier has maintained its position as the lead supplier to Highways England. Securing two three-year extensions to 2021 and 2022 respectively worth over £250 m
    Read More
  • We're here to help
    July 16, 2012
    Formed at the end of the Cold War, the European Bank for Reconstruction and Development has raised, and loaned, billions to revitalise infrastructure from central Europe to central Asia as Patrick Smith reports One of the highlights of the year for Thomas Maier has been the recent trip to Bratislava, the capital of Slovakia, where history was made. As the Business Group director in charge of the infrastructure sector at the European Bank for Reconstruction and Development (EBRD) he was present when contract
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More

Highlighted Content