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The latest update is out from Freightcar America (RAIL).
James R. Meyer has resigned as CEO of the company, effective May 1, 2024, but will remain a board member and become Executive Chairman. Nicholas J. Randall, previously COO, will succeed Meyer as CEO and join the board without additional compensation. Randall brings experience from leading roles in the aerospace and automotive industries. His CEO compensation includes a $550,000 base salary with a bonus structure allowing up to double that amount.
For a thorough assessment of RAIL stock, go to TipRanks’ Stock Analysis page.
