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Press Release
  • Wabtec Announces Launch of Public Offering by Selling Stockholder

    04/30/2019

    WILMERDING, PA – April 30, 2019: Wabtec Corporation (NYSE: WAB) (“Wabtec”) today announced the launch of an underwritten secondary offering of 12,500,000 shares of Wabtec common stock by General Electric Company (“GE”), as the sole selling stockholder. The selling stockholder expects to grant the underwriters a 30-day option to purchase up to an additional 1,875,000 shares.  Wabtec will not receive any proceeds from the sale of the shares by the selling stockholder in this offering.

    Morgan Stanley and Goldman Sachs & Co. LLC are acting as joint lead book-running managers…

  • Rafael Santana to Succeed Ray Betler as Wabtec President and CEO

    04/25/2019

    WILMERDING, PA – April 25, 2019: Wabtec Corporation (NYSE: WAB) today announced Rafael Santana will become president and CEO of the company, effective July 1, 2019. Santana, who will also become a Wabtec board member, will succeed Ray Betler, who will retire as a Wabtec executive and board member. 

    Santana, 47, joined Wabtec earlier this year as president and CEO of the company’s Freight segment following the merger of Wabtec and GE Transportation, where he served as president and CEO of the General Electric unit.