Trinity Industries, Inc. Eric R. Marchetto, currently Executive Vice President and Chief Commercial Officer of TrinityRail, has been named Senior Vice President of Trinity and Group President of TrinityRail.
As Group President of TrinityRail, Marchetto will have oversight and responsibility for the company’s railcar leasing and railcar products segments. He has been a key contributor towards the development, growth and evolution of the railcar leasing, manufacturing and services businesses into Trinity’s integrated rail platform. In addition to his current role as Chief Commercial Officer, he has served in a number of capacities during his 23-year career with Trinity, including TrinityRail’s Chief Financial Officer, Senior Vice President of Capital Markets and Executive Vice President of Leasing.
Trinity Industries also announced the separation of the roles of Chairman and Chief Executive Officer. Leldon E. Echols, currently Presiding Director, has been named non-executive Chairman. Timothy R. Wallace will remain CEO, President and a member of the Board of Directors.
Marchetto began his career with Ernst and Young in its audit practice. He graduated from Southern Methodist University in 1992 with bachelor degrees in accounting and economics.
“Eric is a highly respected, talented individual and leader who has strengthened our relationships with current and potential customers leveraging the integrated rail platform of products and services,” said CEO Wallace. “Eric’s background and experience within Trinity is highly valuable to the leadership team as we look to enhance our returns for shareholders and build upon the integrated rail platform.”
On the recommendation of Wallace, Trinity’s board separated the roles of Chairman and CEO. As Chairman, Echols will provide independent oversight and direction, and preside at meetings of the board. Echols has served as an independent member of Trinity’s board since 2007 and as Presiding Director since 2013.
Trinity Industries, with headquarters in Dallas, TX, owns businesses that are leading providers of rail transportation products and services in North America.