TTX COMPANY ANNOUNCES EXECUTIVE RETIREMENTS AND CONCURRENT APPOINTMENTS OF CFO AND CHRO

Ms. Dudley will be succeeded by TTX Company's Assistant Vice President Financial Planning and Analytics, Jon Perez; and Mr. Powers will be succeeded by TTX Company's Assistant Vice President Human Resources, Scott Howland. Mr. Perez brings two decades of corporate finance experience, including 12 years of service with TTX; and Mr. Howland brings three decades of human resources experience, including over 14 years of service with TTX.

Ms. Dudley served as Vice President, CFO, and Treasurer for TTX Company for 12 years. Under her leadership and guidance, TTX expanded and modernized its fleet with investments of almost $8 billion in new equipment and $700 million in capital improvements. She facilitated these investments with almost $6 billion in new financing, while overseeing the strong financial performance of TTX's fleet of high-quality, low-cost railcars and railcar maintenance operations.

Mr. Powers completed more than 26 years of Company service, which included his role as Vice President, CHRO for over 17 years. In addition to his early work in managing the Company's labor relations, which included the successful negotiation of several labor agreements, he has been instrumental in shaping TTX's human resources function, fostering a positive organizational culture and making TTX an employer of choice.

Tom Wells, TTX President and CEO, congratulated Ms. Dudley & Mr. Powers on their retirements, stating: "Both Vicki & Brian have been invaluable members of our executive team, guiding us through significant growth and transformation. Their strategic vision and dedication have left an indelible mark on TTX, and we are profoundly grateful for their years of service and wish them both the very best in their retirements. I look forward to working closely with Jon and Scott to continue meeting the needs of our railroad customers and maintain TTX's status as a premier employer."

About Jon Perez
Jon Perez has two decades of corporate finance experience in the transportation industry. Jon began his TTX career in 2013 leading the company's Treasury department with responsibility for capital markets, cash management, and rating agency relationships. In 2019, Jon assumed the role of Assistant Vice President of Financial Planning & Analysis responsible for the development of TTX's annual financial plan and quarterly forecasts, capital planning and allocation, and financial metric achievement. Jon has also held leadership roles company's Enterprise Risk Management, Controllership, Tax, and Car Accounting departments. Jon holds a Bachelor of Arts in Political Science from Miami University and a Master of Business Administration from Loyola University Chicago.

About Scott Howland
Scott Howland has been specializing in human resources for more than 30 years in various leadership and consulting roles. As Assistant Vice President of Human Resources for TTX Company, Scott is responsible for the strategy and direction of all aspects of Human Resources. Earlier in his career, he focused on the products of HR including Compensation, Benefits and HRIS in his roles of increasing responsibility. Scott holds a Bachelor of Arts in Mathematics and a Master of Business Administration.

About TTX Company
TTX is a railcar pooling company founded as Trailer Train in 1955 by the Pennsylvania Railroad. TTX's right-sized, low cost, reliable fleet of over 175,000 railcars serves North America's railroads and the world's freight needs. TTX helps railroads meet their customers' needs by providing well-maintained railcars in an efficient, pooled environment, investing $6 billion in additional railcars, over the past ten years alone. TTX has a complete engineering and design team to care for its large and varied fleet with maintenance operations in terminals across the network. In addition to this vital role as a railcar pool operator, TTX invests in and operates sophisticated industry technology solutions. These solutions improve the quality and timeliness of financial and operating information for managing our business and that we share with our owners to help them manage theirs. Further, TTX is a recognized innovator in the technical design and engineering of railcar components. To learn more about TTX, visit www.ttx.com.

MEDIA CONTACT:
Shannon K. Bagato: 312.984.3834

SOURCE TTX Company