advertisement

---

Yesterday, GATX Corp. announced it appointed Johannes Mansbart chief executive officer of GATX Rail Europe to succeed Gernot Schwayer, who retired late last year. Mansbart will be responsible for GATX's European rail-car leasing business comprising DEC and the KVG Kesselwagon (KVG) companies. KVG — which Schwayer helped found in 1991 — and DEC manage a 20,000-car fleet.

Most recently chief financial officer for GATX Rail Europe, Mansbart previously led an effort to integrate the leasing business’ commercial, technical and financial operations.

“We are grateful to Mr. Schwayer for his many contributions to KVG and for his leadership of GATX Rail’s European tank wagon leasing activities,” said GATX Corp. President and CEO Brian Kenney in a prepared statement.