L.B. Foster Company announced the promotions of Gregory (Greg) W. Lippard, the Company's Vice President of Rail Technologies & Services, to Senior Vice President, Rail Technologies & Services, and William (Bill) F. Treacy, the Company' Vice President of Infrastructure Solutions, to Senior Vice President, Infrastructure Solutions, each effective immediately. The promotions of Lippard and Treacy, which follow L.B. Foster’s recent realignment of its business segment structure last month, will report directly to John F. Kasel, Senior Vice President and Chief Operating Officer. To better align the Company’s competencies to changing market dynamics, a recent reorganization was completed which consolidated the Company’s reporting segments into two: Rail Technologies & Services and Infrastructure Solutions. The Company believes this structure will effectively support its growth opportunities and leverage rebounding markets. As the new Senior Vice President of Rail Technologies & Services, Mr. Lippard will continue to lead the Company’s rail businesses with responsibility for sales, strategy, and business development activities, and will also oversee development and engineering for existing and new rail technology solutions. A 28-year veteran of L.B. Foster, Mr. Lippard has deep experience in the rail business and an intimate knowledge of global rail markets, both of which have been integral to the Company’s global market leadership. As the new Senior Vice President of Infrastructure Solutions, Mr. Treacy will continue to lead the Company’s diverse set of infrastructure businesses with a focus on creating scale around the most attractive markets and products.
L.B. Foster Company is a global technology solutions provider of engineered, manufactured products and services that builds and supports infrastructure. The Company operates in two segments: Rail, Technologies, and Services (Rail) and Infrastructure Solutions. The Companyâs Rail segment is comprised of several manufacturing, distribution, and service businesses that provide a variety of products, solutions, and services for freight and passenger railroads and other industrial companies throughout the world. The Rail segment also offers contract project management and aftermarket services. The Rail reporting segment is comprised of the Rail Products, Global Friction Management, and Technology Services and Solutions business units. The Infrastructure Solutions segment designs, manufactures, and deploys advanced technologies that impact the built environment, including precast concrete buildings and products, bridge products, and pipe protective coatings and threading.