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Posted 07 December, 2021

GATX CORP appointed Robert C. Lyons as new CEO

NYSE:GATX appointed new Chief Executive Officer Robert C. Lyons in a 8-K filed on 07 December, 2021.


  On December 3, 2021, the Board appointed Robert C. Lyons, 57, to the position of Chief Executive Officer and President, effective at the time of Mr. Kenney's retirement on April 22, 2022.  

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Overview of GATX CORP
Transportation/Logistics • Railroads
GATX Corp. engages in leasing, management, and remarketing long-lived, widely used assets, primarily in the rail market. It operates through the following segments: Rail North America, Rail International, Engine Leasing, and Other. The Rail North America segment provides railcars pursuant to full-service leases under which it maintains the railcars and provides other ancillary services. The Rail International segment is involved in leasing railcars to customers throughout Europe pursuant to full-service leases. The Engine Leasing segment includes ownership interest in the RRPF affiliates, a group of joint ventures with Rolls-Royce that lease aircraft spare engines, and GEL, which directly owns aircraft spare engines that are leased to airline customers. The Other segment refers to tank container leasing business operations. The company was founded in 1898 and is headquartered in Chicago, IL.
Market Cap
$5.68B
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Relevant filing section
Item 5.02(b) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On December 3, 2021, Brian A. Kenney, President and Chief Executive Officer, notified the Board of Directors (the "Board") of GATX Corporation (the "Company") of his decision to retire as an officer of the Company effective April 22, 2022, following the Annual Meeting of Shareholders. It is expected that Mr. Kenney will continue to serve on the Company's Board as non-executive Chairman until October 31, 2022, at which time he intends to retire from the Board. The Board will appoint an independent director to serve as Chair to take effect on November 1, 2022. The press release announcing Mr. Kenney's retirement is filed as Exhibit 99.1 to this Form 8-K.

Item 5.02(c) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On December 3, 2021, the Board appointed Robert C. Lyons, 57, to the position of Chief Executive Officer and President, effective at the time of Mr. Kenney's retirement on April 22, 2022. The Board intends to nominate Mr. Lyons for election as a director at the 2022 Annual Meeting of Shareholders. Mr. Lyons currently serves as the Company's Executive Vice President and President of its Rail North America business. He previously served as the Company's Executive Vice President and Chief Financial Officer from 2012 to 2018, Senior Vice President and Chief Financial Officer from 2007 to 2012, and Vice President and Chief Financial Officer from 2004 to 2007. He currently serves on the board of directors of Packaging Corporation of America. The press release announcing the appointment of Mr. Lyons as Chief Executive Officer and President is filed as Exhibit 99.1 to this Form 8-K.