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

  • Clearview’s SolarLite road studs light for the long term on Guernsey
    May 10, 2019
    The number of drivers feeling safe travelling along two of Guernsey’s key roads has more than doubled following the installation of solar powered road studs. In response to driver concerns about navigating unlit, narrow coastal roads after dark, Clearview Intelligence’s SolarLite Active Road Studs were installed along the La Neuve Rue at Albecq and Route de la Lague/ Route de Rocquaine at Fort Grey. Traditional retro reflective studs are reliant upon a vehicle headlight beam to be seen up to 90m away.
    Read More
  • Acrow expanding with acquisition
    May 13, 2019
    Acrow Bridge is expanding its operations with the acquisition of Mabey Bridge for an undisclosed sum. With this move, Acrow Bridge is further developing its share of the international market. Based in the US, Acrow Bridge already has a strong presence in the market worldwide, but by acquiring the UK company Mabey Bridge, this will significantly develop global reach. This development follows several months of negotiations between the two companies. “Mabey is a business that we have long thought would be an
    Read More
  • Liebherr’s strong results hit record high
    April 4, 2019
    Liebherr has achieved a record turnover of €10.55 billion for 2018. This broke through the €10 billion barrier for the first time in the company’s history and represents an increase of €739 million, or 7.5 %, compared with the previous year’s turnover. This came despite a slight decline in overall economic growth. Both the construction machinery and mining equipment divisions recorded overall increases in sales revenues, as did the other product areas overall. Revenues from construction machinery and mini
    Read More
  • Berco Aftermarket gears up for business
    November 9, 2022
    Berco's quality earthmoving drivetrain components will be available for the aftermarket requirements of construction machinery operators and owners worldwide, except for North America which will be covered by Berco of America, a standalone company 100 per cent owned by Berco.
    Read More

Highlighted Content