PROGRESS Rail has announced that its president and CEO, Mr Marty Haycraft, is to retire after 32 years of service at the end of this year.

He is also senior vice president of Progress Rail parent company Caterpillar.

Haycraft began his professional career in 1990 with Wheel Corporation of America, where he worked as a production employee and gained experience of wagon wheelset. He joined Progress Rail in 1993.

Haycraft was named vice president of sales and marketing for the locomotive and railcar services business in March 2002, and in 2009 was promoted to vice president and chief marketing officer. In 2011, he was promoted to senior vice president, and in 2018, with expanded responsibilities internationally, was named executive vice president of rolling stock. In 2019, he moved into his current role as president and CEO of Progress Rail.

“With such an accomplished career, Marty has much to be proud of and celebrate,” says Caterpillar Energy and Transportation Group president, Mr Joe Creed. “This includes the tremendous strides he and his team have made in support of our locomotive emissions reduction technologies and new offerings to help customers achieve their climate-related objectives.”

Named as successor to Haycraft at both Caterpillar and Progress Rail is Mr John Newman, who joined Caterpillar in 2011 as an attorney with the Legal Services Division.

After joining the Caterpillar commercial team in 2012, Newman served as regional director of sub-Saharan Africa, based in Pretoria, South Africa, and as the company’s strategic sales director. In 2015, he was promoted to senior vice president of corporate services, with responsibility for strategic growth including mergers and acquisitions.

“Rail is a rapidly evolving industry, and John’s experience and expertise will serve him well as he leads the team into the future,” Creed says.