PITTSBURGH, Aug. 21, 2012 /PRNewswire/ -- Pittsburgh, PA-based L.B. Foster Company (NASDAQ: FSTR) announced today the appointment of John Kasel to Sr. Vice President, Rail Business for L.B. Foster Company. In this new role, John will be responsible for the performance and success of the company's rail related businesses which will be combined under his leadership. Robert P. Bauer, President & CEO commented, "We have a tremendous opportunity to create more value by combining the strengths of our independent divisions into a combined business segment that will focus on utilizing our collective assets to better serve our customers." In addition to combining today's current businesses, John will retain responsibility for the rail operations currently reporting to him. Mr. Bauer added, "John and his team will have complete responsibility for the business performance and execution of our strategy as well as organizational planning and development for the rail business. With more than half of L.B. Foster's sales in the rail market, this is a key step toward bringing the right focus and leadership to a business segment with an ambitious growth plan. I am pleased that John is accepting the challenge to lead this business into the future and maximizing the value it creates for L.B. Foster."
John Kasel has been responsible for L.B. Foster's operations and manufacturing since 2003. In 2005, he was promoted to Sr. Vice President, Operations & Manufacturing. John has been responsible for the transitioning to operational excellence at L.B. Foster and building a culture of continuous improvement that has resulted in outstanding improvements in plant safety and productivity, along with industry wide recognition of plant performance. Prior to working at L.B. Foster, John held general manager assignments with Nortek Inc. and Invensys.
About L.B. Foster Company
L.B. Foster Company is a leading manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets with locations in North America and Europe. Please visit our Website: www.lbfoster.com
L.B. Foster Company Media Contact:
Brian Kelly, Vice President Human Resources & Administration
412.928.3417 [email protected]
SOURCE L.B. Foster Company