Chicago Freight Car Leasing Announces Strategic Changes in Senior Management

Mar 15, 2011, 10:17 ET from Chicago Freight Car Leasing Inc.

ROSEMONT, Ill., March 15, 2011 /PRNewswire/ -- Chicago Freight Car Leasing announced today that current Director of Sales and Business Development, Paul B. Deasy, has been promoted to President of Chicago Freight Car Leasing.  He will be overseeing all day-to-day activities and working with the Executive Team on future strategic directions as well as spend his time focusing on making sure Chicago Freight Car Leasing continues to keep 83 years of family values ingrained in its mission and maintaining our vision of being the premier provider of railcar leasing solutions.

"We are extremely excited over the direction that Chicago Freight Car has taken. The decision for Paul to become the first non-family member President comes at a time when we are seeing a tremendous amount of opportunity to expand the Chicago Freight business" said Fred Sasser, Chief Executive Officer & Chairman of Chicago Freight Car Leasing. "Paul has provided exceptional commercial leadership and strengthened our focus on being the premier provider of full service railcar leasing solutions in the market segments we serve through initiatives to exceed our customers' expectations. Paul has a true passion for the business and the knowledge that it takes to lead us in this continually evolving marketplace"

With over 30 years of experience successfully growing sales in a variety of businesses, Deasy joined Chicago Freight Car Leasing in 2006 from Cytec Industries where he was the Director of Marketing & Sales, responsible for global commercial activities of the building block chemicals group. He previously served as Director of Marketing and Regional Manager at GATX Corporation's railcar leasing business, and also held sales and marketing management roles at FMC Corporation.

"I'm honored at the opportunity that has been given me" stated Deasy. "Our primary goal will not change, which is to grow our business, but to always treat each customer as a valued partner"  During the transition over the next few months Chicago Freight Car Leasing will be actively engaged in replacing Deasy' s role as head of  Sales and Marketing.

Shad Peterson will continue as COO of Sasser Family Holdings, responsible for all the US businesses and its strategic partnership with STI-Global. Stating "I am very pleased to see Paul in this role and I look forward to working with him on the future of our US railcar leasing business."

Chicago Freight Car Leasing Co.. is a privately held company with over 10,000 covered hopper cars in North America and has provided complete managed rail transportation solutions for use by both railroads and private shippers since 1928.

Sasser Family Holdings, LLC is a private 4th generation family held holding company with subsidiaries companies; Chicago Freight Car Leasing Co., Union Leasing Inc., CF Rail Services LLC, and Chicago Freight Car Leasing Australia PTY, providing vehicle and rail transportation equipment, leading services and technology to companies and industries in North America and Australia.

SOURCE Chicago Freight Car Leasing Inc.