BEACON RAIL ANNOUNCES APPOINTMENT OF NEW CEO

Beacon Rail Leasing Limited today announced the appointment of Adam Cunliffe as its new Chief Executive Officer effective 1 July.

Adam joins Beacon Rail from the leading UK rail freight operator Freightliner Limited (a subsidiary of Genesee & Wyoming Inc) where he is currently the Chief Commercial Officer. Adam joined Freightliner in 1999 and has held a number of senior leadership roles since first being appointed to the Freightliner Group board in 2002. In addition to overseeing the core UK Intermodal and bulk businesses Adam was integral to the establishment of new markets in Australia and Poland.

Keith Howard Chairman of Beacon Rail said “Adam brings more than 20 years of leadership management experience and I am very pleased to welcome him as the new CEO of Beacon Rail. Beacon has grown substantially over the past 2 years and has exciting opportunities ahead in multiple sectors and geographies. I am confident Adam is the right person to take the company into the next stage of its evolution.”

Speaking on his appointment Adam Cunliffe said: “Beacon is already one of the most innovative leasing companies in the UK and Europe and our ambition is to grow the portfolio substantially in the coming years in both the UK and internationally. Given the long term nature of our investors’ capital I am excited about the opportunities for Beacon Rail with both our freight and passenger customers.  Beacon has an excellent team in both the UK and Europe and I look forward to working with my new colleagues as Beacon continues to grow.”

Beacon Rail Leasing is a rolling stock leasing company headquartered in Luxembourg and focused on serving the European and UK markets. Beacon Rail Leasing’s current portfolio includes 337 locomotives, almost 1000 freight wagons, and 550 passenger train vehicles and intercity coaches on lease across Europe. Beacon Rail Leasing has an industry leading management team with rail asset management expertise and capital markets experience, enabling it to effectively meet the equipment needs of its Pan-European customer base. Beacon Rail Leasing was acquired by institutional investors advised by J.P. Morgan Asset Management in April 2017.

 

Press contacts:

Beacon Rail Leasing
Keith Howard, Chief Executive Officer
rail@beaconrail.com