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Iowa Interstate Railroad Ltd. (IAIS) has promoted Dennis Miller from president and chief executive officer to vice chairman, and appointed Executive Vice President–Chief Financial Officer Jerome Lipka as Miller's successor.

Miller, who joined IAIS in 1985, has served as president and CEO since 2002. He previously was vice president of information systems, customer services and operations. During his railroading career, Miller also spent 10 years with the Peoria and Pekin Union Railway, and two years with the Chicago, Rock Island and Pacific Railroad, and was president of Rail Traffic Control, which markets computer-aided dispatching software.

During his tenure as president and CEO, IAIS’ annual traffic grew from 45,000 carloads to more than 125,000 carloads, and the regional spent more than $100 million on capital improvements.

“With his promotion … we acknowledge the results of Denny’s leadership: continuous improvements in both safety and traffic have permitted levels of investment and profitability that can be described as nothing less than transformational,” said IAIS Chairman Henry Posner III in a prepared statement. “Given that our company began as an abandoned railroad, his achievements are even more extraordinary.”

Lipka joined IAIS in 2008 as VP and CFO and was promoted to EVP–CFO in 2011. Prior to joining the regional, he served eight years as CFO for the Arkansas and Missouri Railroad Co. and its sister company, Allied Enterprises Inc. Lipka's other prior railroading experience includes seven years at the Chicago and North Western Railway and two years at BNSF Railway Co.

A Railroad Development Corp. subsidiary, IAIS operates more than 500 miles of track between Omaha, Neb., Chicago and Peoria, Ill.