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

  • Innovative financing mechanisms for sustainable roads funding
    July 5, 2016
    Francesco Micci discusses innovation in funding methods All countries need an efficient and extended road transport system to sustain both the social development and the economic competitiveness. The latest trends show that the demand for road infrastructure is constantly growing, despite the negative impact of the financial and economic crisis on public and private financing. Global spending regarding road transport infrastructure actually accounts for roughly US$580 billion worldwide, and is projected
    Read More
  • Need for sustainability in infrastructure projects
    July 13, 2012
    What can contractors gain from a sustainability strategy and why is it now a vital business imperative? Abigroup, one of Australia's leading and most diverse national contractors, has developed a sustainability strategy suited to its industry, workforce and business. World Highways discusses this and other issues with Sarah Marshall, Abigroup's national environment and sustainability manager. In the past a responsible business was viewed as one that performed strongly within legal boundaries to maximise pro
    Read More
  • A better road to the future for efficiency – improving performance
    September 10, 2018
    Report by IRF Global & McKinsey identifies pathways to efficiency gain A report released jointly by the International Road Federation and McKinsey & Company will help transport decision-makers and international financial institutions identify and leverage efficiency gains in road project design and delivery. This will potentially save billions of dollars each year. The report, titled “A better road to the future,” illustrates the complexity of the challenge in designing and delivering road infrastructu
    Read More
  • IRF Washington highlights future industry leaders
    June 30, 2014
    The IRF has helped educate the next generation of leaders since 1949 Sixty-five years after its founding, the IRF Fellowship Program for graduate students of engineering and transportation policy remains a cornerstone of the IRF’s work. Since 1949, IRF members and donors have helped fund the education of more than 1,346 transportation professionals from 118 countries. The Fellowship Program identifies international students with outstanding potential and helps nurture them as they take their place as the ne
    Read More

Highlighted Content