Exhibit 99.1
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News Release |
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One Centerpointe Drive, Ste. 200, Lake Oswego, Oregon 97035 503-684-7000 |
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www.gbrx.com |
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For release: July 30, 2024 4:30 p.m. EDT |
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Contacts: |
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Jack Isselmann, Public Relations |
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Justin Roberts, Investor Relations |
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Phone: 503-684-7000 |
Greenbrier mourns the passing of board member Patrick Ottensmeyer
Lake Oswego, Oregon, July 30, 2024 The Greenbrier Companies, Inc. (NYSE:GBX) today remembers Board
member Patrick J. Ottensmeyer, who passed away this past weekend at age 67. The Company extends its deepest condolences to his family and friends.
Ottensmeyer had served on Greenbriers Board since 2023, bringing decades of industry and international relations expertise. Ottensmeyer
served as President and CEO of Kansas City Southern (KCS), a Class I railroad, from 2015 to 2023, until the completion of the merger creating Canadian Pacific Kansas City (CPKC) in 2023. Before becoming CEO, Ottensmeyer served in various roles
at KCS since 2006.
Ottensmeyer had deep expertise working across the U.S.-Mexico border and was instrumental in representing business
interests during the creation of the United States-Mexico-Canada Agreement (USMCA). He served as the U.S. Chairman of the U.S. Chamber of Commerces U.S.-Mexico Economic Council (USMXECO) during this pivotal time. He was Co-Chair of the Brookings Institute USMCA Initiative, a group focused on building more integrated and resilient supply chains. He served as Chair of the Truman Library Institute, the member-supported, nonprofit
partner of the President Harry S. Truman Library & Museum.
In 2023, Ottensmeyer received the NARS Edward R. Hamberger Lifetime
Achievement Award; in 2022, he received Ingrams Executive of the Year Award. Also in 2022, was Railway Ages Co-Railroader of the Year Award, in connection with the CP and KCS merger. He received
the Railway Age Railroader of the Year recognition for the first time in 2020, and in 2019, he received Progressive Railroadings Railroad Innovator Award.
Pat demonstrated a remarkable passion for this industry. From day one, he became an invaluable member of our Board of Directors. We are
forever grateful for his contributions to Greenbrier, its shareholders and the broader rail industry. He will be greatly missed, as he was a wonderful friend to his Board colleagues and many at the company, said Board Chair Admiral Thomas B.
Fargo (USN Retired).
Working alongside Pat has been a privilege for the other board members and me. He was a visionary leader who
left a lasting legacy for the North American rail industry and the broader trade policy landscape. The Greenbrier family offers our deepest condolences to his friends and family. Pat will be deeply missed, said Lorie Tekorius, CEO and
President.
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