Genesee & Wyoming Inc. has named its president and CEO, John Hellmann, as chairman.
Hellman succeeds Mortimer Fuller III, who served as chairman since 1977. Fuller is a great grandson of Edward Fuller, who founded the 14.5-mile Genesee and Wyoming Railroad Co. in 1899.
Hellman has served on the board since 2006. He joined the company as CFO in 2000 and became president in 2005. He succeeded Fuller as CEO in 2007.
In its first-quarter earnings report, G&W reported an increase in revenues, but a decrease in earnings, missing Street expectations.
Darien, Conn.-based G&W, which has its administrative base in Rochester, owns and operates short-line and regional freight railroads in the U.S., Canada, the Netherlands and Australia. G&W owns or leases 122 freight railroads worldwide that are organized in 10 operating regions with roughly 7,300 employees and more than 3,000 customers.
Shares of company stock (NYSE: GWR) were unchanged Tuesday morning from Friday’s close of $66.47 per share.
Follow Velvet Spicer on Twitter: @Velvet_Spicer
(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email firstname.lastname@example.org.