The Greenbrier Companies, Inc. (Greenbrier), a leading international supplier of equipment and services to global freight transportation markets, announced today that Ted Baun has joined Greenbrier's North American Commercial Team as Senior Vice President (SVP). He will become Chief Commercial Officer in January 2026, succeeding Tim Schitter, who will retire at year-end.

Baun brings more than 30 years of experience in the rail industry to Greenbrier. Most recently, he served as the Chief Commercial Officer for PNW Railcars, overseeing its tank and freight railcar fleet and directing efforts to maximize new railcar leases and renewals. Before joining PNW, he spent 23 years at FreightCar America (FCA) and its predecessor, Johnstown America, including 11 years as Chief Commercial Officer. At FCA, Baun managed production planning, scheduling, pricing and commercial activities. He also held a senior sales role at Mitsui Rail Capital, LLC from 2003 through 2005.

Ted Baun

Brian Comstock, Executive Vice President and President, The Americas, stated, "We are excited to welcome Ted to Greenbrier's leadership team. His deep railcar manufacturing and leasing expertise make him an ideal fit for the Chief Commercial Officer position. Ted's business acumen, industry knowledge and commercial experience are invaluable as we continue to enhance our offerings, invest in our lease fleet, and boost customer experience. I would also like to express my sincere gratitude to Tim for his unwavering dedication and numerous achievements during his 11 years at Greenbrier. We wish him all the best in retirement."

"I am honored to join Greenbrier and help expand its leadership in railroad transportation products and services. Greenbrier enjoys a rich heritage of innovation and exceptional customer experience. I am eager to lead the best team in our industry, driving impactful initiatives that deliver significant value to our customers. Together, we will build on Greenbrier's legacy and explore new avenues for growth and excellence," Baun said.