Greenbrier announces organizational changes, CFO Downes step down

The Greenbrier Companies announced a new business operations organizational structure supporting its “Better Together” business strategy, unveiled at its April 2023 Investor Day. The streamlined organization is designed to drive organizational effectiveness, improve efficiency, leverage best practices and improve customer experience to drive greater shareholder value. The company also announced planned changes in the Chief Financial Officer role and the completion of a succession plan for the leadership of its Legal function. Greenbrier’s structure now frames its operating activities in two distinct geographies: The Americas and Europe. Brian Comstock, a 26-year Greenbrier veteran with more than four decades of railway industry experience, assumes responsibility for all operations in The Americas, which includes the United States, Mexico, Canada and Brazil. William Glenn, who has spent more than 20 years at Greenbrier in various roles, assumes responsibility for all operations in Europe. Greenbrier’s Board of Directors has appointed Comstock as Executive Vice President & President, The Americas and Glenn as Senior Vice President & President, Europe. Both Comstock and Glenn continue to report to Tekorius. In addition to Greenbrier’s new business operations framework, Adrian Downes will step down as CFO on or about March 31, 2024. Downes continues as Greenbrier’s Principal Financial Officer until he transitions to serve the company as a senior advisor to the CEO through March 2025. Greenbrier has begun a national search for its next CFO. On January 4, Greenbrier’s Board appointed Christian Lucky as Senior Vice President, Chief Legal & Compliance Officer, reporting to Tekorius. Lucky’s appointment completed a planned succession from Martin Baker, who served as CLO/CCO since 2008. Baker now serves as Senior Vice President, reporting to Tekorius.