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Stock impact report

Rafael Santana to Succeed Ray Betler as Wabtec President and CEO

Westinghouse Air Brake Technologies Corporation (WAB) 
Last westinghouse air brake technologies corporation earnings: 2/18 06:58 am Check Earnings Report
US:NYSE Investor Relations: wabtec.com/investors
Company Research Source: GlobeNewswire
WILMERDING, Pa., April 25, 2019 (GLOBE NEWSWIRE) -- Wabtec Corporation (NYSE: WAB) today announced Rafael Santana will become president and CEO of the company, effective July 1, 2019. Santana, who will also become a Wabtec board member, will succeed Ray Betler, who will retire as a Wabtec executive and board member.  Santana, 47, joined Wabtec earlier this year as president and CEO of the company’s Freight segment following the merger of Wabtec and GE Transportation, where he served as president and CEO of the General Electric unit. Wabtec Executive Chairman Al Neupaver said: “This transition comes at a time of strength at Wabtec given our diverse portfolio, excellent management team, and strong backlog and balance sheet. The selection of Rafael to succeed Ray is the culmination of a thorough CEO succession planning process that evaluated both internal and external candidates. Rafael is the right leader for this role - bringing to Wabtec a passion for operational excellence and te Show less Read more
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