Alstom Southern Africa has appointed Shumani Madanda as CEO of Bombela Maintenance Co, the special purpose company which maintains the Gautrain railway and rolling stock fleet. He has more than 20 years of experience in railway engineering, having started his career at Transnet Freight Rail and later joining Gautrain during the construction phase.
Conduent has announced its intention to sell or spin-off its Transportation business. ‘Based on the progress we’ve made and the stability and credibility the Transportation business has established with its client base, we are confident that the time is right to pursue a separation’, said President & CEO Cliff Skelton on April 7. ‘The Transportation business is driven by different underlying macroeconomic trends with a discrete client base and growth profile. We believe this separation will unlock significant value by dislodging any potential conglomerate discount and enabling a more focused approach to capital and resource allocation.’
IVU has acquired 100% of the shares of Zuse-Institut Berlin spin off company LBW Optimization, gaining exclusive access to its optimisation algorithms for transport resource planning. LBW will remain an independent organisational unit and will be expanded into an optimisation laboratory for IVU.
On March 29 Amsted Rail announced that had taken steps to exit its manufacturing position in a jointly owned bearing factory at Saratov in Russia, and would be closing its Moscow office.
William J Duggan retired as Vice-President of Operations at railway investment and management company Railroad Development Corp on March 31. He began his career as a motor car repairman’s helper on the Illinois Central in 1966, and has held roles at RDC including President of Ferrovías Guatemala and a board member of RDC Deutschland.
The Greenbrier Companies received orders for 8 500 wagons valued at $930m in its Q2 to February 28, when 4 800 wagons were delivered. ‘We are successfully navigating a supply chain experiencing higher raw material costs and, frequently, more expensive logistics activity’, said President & CEO Lorie Tekorius. ‘Robust order activity, strong liquidity and the evolution of our leasing business continues to strengthen Greenbrier, expanding our market position and earnings potential as we manage escalating costs and other operating strains.’
Rail electrical engineering and telecoms specialist LB Foster TEW Plus has obtained full approval certification for Loss Prevention Standard 1014 Requirements for certificated fire detection and alarm systems firms, and LPS 1048 Requirements for the approval of sprinkler system contractors in the UK and Ireland.
Andreas Schell is to step down as CEO of Rolls-Royce Power Systems AG and Managing Director of Rolls-Royce Solutions GmbH (formerly MTU Friedrichshafen), having held the post since January 2017. Under an agreement with the company’s supervisory board announced on April 7, he will continue to serve as acting CEO until the end of 2022.