Tim Kubiak has been appointed as executive vice president and head of Wells Fargo Rail, North America’s largest railcar and locomotive leasing company.
The 14-year company veteran will report to Bill Mayer, head of equipment finance.
Kubiak (pictured) will lead all functions for Wells Fargo Rail, including developing business strategies and overseeing the group’s assets, made up of more than 175,000 railcars and 1,800 locomotives.
He has been business leader and vice president of commercial operations for the group for the past four years, where he led the development, planning, and execution of commercial leasing programs.
Previously he spent 10 years in various positions with GE Capital Rail Services, including fleet operations and quality leader. He also spent six years as a senior consultant with several national firms supporting business transformation initiatives for industrial clients.
Mayer said: “Tim’s extensive experience and strong relationships within the rail industry position him well to take on this expanded role.
“His focus on continuous improvement and delivering results to help commercial clients with their rail transportation needs make him the right leader for the business.”
Kubiak, a certified Six Sigma Master Black Belt, will be based in the Chicago area.
Wells Fargo Rail is part of Wells Fargo Equipment Finance, a major bank-affiliated equipment leasing and finance business in the US, with more than 335,000 customers.
It is a division of Wells Fargo & Company, the financial services business with $1.9 trillion in assets.
