News & Reviews News Wire Watco announces executive leadership changes

Watco announces executive leadership changes

By Trains Staff | April 17, 2024

Short line holding company names new sales, operations, and accounting executives

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Blue locomotive with light blue curving stripe
One of the locomotives for Watco’s Texas Coastal Bend Railroad. Watco

Man in blue shirt
Nick Coomes

PITTSBURG, Kan. – Watco has made several executive leadership changes that the short line holding company says will refine its focus and simplify its mission.

“This new structure will better support Watco’s focus on ensuring we have the best possible solutions for our customers and that our team is armed with the tools necessary to deliver those solutions,” Watco CEO Dan Smith said in a statement yesterday. “It will also ensure we have a distinct focus on our people who are charged with safely executing for our customers day to day.”

Woman in blue blouse
Rachael Peterson

The following leadership changes have been made:

— Nick Coomes is now executive vice president and chief solutions officer. He is responsible for customer solutions and sales, industrial development, service assurance, project management, engineering, assets, and information technology.

— Rachael Peterson is now executive vice president and chief business officer. She is responsible for operations, safety, people services, and marketing.

— Andy Nielsen is now executive vice president and chief accounting officer. He is responsible for all

Man in white shirt
Andy Nielsen

accounting functions, tax, daily cash management, risk management, purchasing, and procurement.

Rick Baden remains executive vice president and chief financial officer. He is responsible for managing all aspects of finance, treasury, capital allocation, and investor relations.

“These changes will better align our teams to execute and improve every day, while always finding ways to take care of our customers long into the future,” Smith said.

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