TNW Corporation, a privately held transportation company whose subsidiaries operate Class III railroads and logistics facilities across Texas, last week announced the retirement of CEO Paul Treangen, effective December 31, 2026, following nearly 40 years of service in the short line rail industry. In a memorandum to all employees, Treangen announced that his successor as CEO will be current Chief Operating Officer Bobby M. Franklin, effective January 1, 2027.
“As I reflect on my 12 years as CEO at TNW Corporation, I feel a deep sense of pride and gratitude,” said Treangen. “Serving this company has been one of the great privileges of my life.” He added that Franklin’s “wealth of industry experience and proven leadership across multiple roles in our organization confirm that he is ready to lead the company forward.”
Robert Murchison and Burk Murchison, owners of TNW Corporation, praised Treangen’s tenure saying “TNW has benefited greatly from Paul’s industry expertise and visionary ability to identify talented employees across all levels of the organization. Under Paul’s leadership, the company’s railroads and logistics operations have grown tremendously while serving and supporting the communities where they operate. Bobby’s industry experience, commitment to safety and operational excellence helped influence our decision to promote him to the CEO position. We believe TNW has never been in a stronger, more dynamic or exciting position to grow into the future than it is today.”
Effective January 1, 2027, Treangen will assume a new role as Advisory Director, supporting the board and strategic activities of TNW Corporation.
