News

Wayne Luce joins Leadership Team as head of HR

We are pleased to announce the appointment of Wayne Luce as VP-People, effective immediately. Wayne takes over for Shirley Whitesell, who recently retired from the company. Wayne brings to the table a track record of success at Amsted stretching back over 20 years across numerous divisions throughout the company. His deep expertise in Human Resources at Amsted promises a smooth transition into his new, expanded role.

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Human Resources VP Shirley Whitesell retiring from company

After an illustrious 50-year career at Amsted Industries, Human Resources senior executive Shirley Whitesell has announced her retirement from the company. Rising from Administrative Assistant to VP-People, Shirley has left a lasting legacy driving teamwork, innovation and productivity throughout the organization. Replacing Shirley on the Leadership Team will be Amsted Rail HR veteran Wayne Luce.

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Steve Smith appointed President and Chief Executive Officer

I am pleased to announce that the Board of Directors has appointed Steve Smith as President and Chief Executive Officer and a member of the Board of Directors, effective immediately. Steve came to Amsted in 2005 as President of Amsted Rail, before moving to Bob Reum’s senior executive team as Vice President-General Counsel. Steve has been serving as CEO on an interim basis since Bob’s passing.

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Passing of Bob Reum

It is with great sadness that I must report that Bob Reum passed away this weekend. Under Bob’s leadership over the last 16 years, Amsted has progressed to being a truly exceptional company. Our thoughts and prayers are with his wife Sherry and their children Courtney, Carter and Halle during this difficult time.

The Board of Directors has asked Steve Smith to act as chief executive officer on an interim basis. We ask all at Amsted to work together to ensure our continued success during this time of transition.

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Innovation In Action

Over 100 employees gathered to share the Innovation Journey of each business,
best practices, and promote cross-collaboration to drive Amsted Rail growth and
propel our company’s future.

“We must make innovation Faster-Deeper-Wider throughout our organization and spread the message from 8->80->800 across all employees. If we don’t have continuous improvement, and if we don’t have something that’s a breakthrough in a dierent way, then we will not see the kind of growth we’ve seen in the last 10 years.”
– John Wories, Amsted Rail President

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I-Mentor Bootcamp

Since Innovation has become a big part of the Amsted culture, an I-Mentor Bootcamp was held in Chicago the week of October 10th, 2016 at Notre Dame’s Executive Education Center. Twenty-Six Innovation Mentors worked with Dr. Nancy Tennant and Peter Zapf and other business leaders to develop their skills in understanding how to frame, discover, ideate, elaborate and launch innovation.

The course is designed to be thought provoking and to provide the participants with tools to better understand their organizational readiness for innovation. Our I-Mentors will be equipped to assist their colleagues in identifying innovative ideas and in assisting them on how best to move those ideas through the pipeline to completion. Participants gathered from the U. S., Mexico and China. Candidates are selected by their business leader. Amsted will have over 80 I-Mentors by the end of 2016.

Amsted Rail and GE form strategic partnership to add railcar performance monitoring to freight train intelligence

To build the next generation of intelligent freight trains where locomotives and railcars are continuously monitored, Amsted Rail and GE have teamed up to combine GE’s experience in train management and locomotive monitoring with Amsted Rail’s expertise in onboard monitoring of railcar component condition. This solution integrates Amsted Rail’s IONX EdgeTM monitoring system for railcars, which features a standards-based intra-train communication network, with GE’s GoLINCTM industry-tested network, communication, and application management platform for the railroad environment.

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Amsted Rail acquires 100% ownership of Amsted Rail-Faiveley’s brake components for freight cars

Amsted Rail, the world leader in the design and manufacturing of railcar bogie systems, has entered into an agreement to acquire 100% ownership of the Amsted Rail-Faiveley brake component business. The acquisition by Amsted Rail will include Ellcon’s market leading brake components such as hand brakes, slack adjusters, empty load devices and ABU cylinders. In addition, Amsted Rail will continue to offer the plastic pellet gate product line.

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Diamond Chain Company Honored by Indiana Manufacturers Association at Inaugural Indiana Manufacturers Hall of Fame Luncheon

On October 19, 2016, manufacturers, business leaders, and policymakers from across the state met in Indianapolis to honor those companies that have made outstanding contributions to the development of a healthy, dynamic environment in Indiana, and to the state’s overall economic well-being. Diamond Chain Company is excited to be among the select group of companies acknowledged at this first-of-its-kind event, and honored to have been selected as an inductee into the newly created Indiana Manufacturers Hall of Fame.

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