Westinghouse Air Brake Technologies Corporation (WAB, Financial), commonly known as Wabtec, has announced the election of Juan Perez to its Board of Directors. This strategic appointment, effective January 29, 2025, aligns with the company's ongoing commitment to strengthening its governance and sustainability initiatives.
Mr. Perez will join the class of directors whose term expires in 2025, bringing his extensive expertise to the table. In addition to his role on the Board, he will serve on the Audit Committee, the Governance and Sustainability Committee, and the Environmental, Social and Governance Subcommittee of the Governance and Sustainability Committee.
In line with Wabtec's compensation policy for non-employee directors, Mr. Perez will receive remuneration as outlined in the company's definitive proxy statement filed with the Securities and Exchange Commission on April 4, 2024. Notably, there are no arrangements or understandings with any other person that influenced Mr. Perez's election, nor are there any related person transactions between him and the company.
This appointment underscores Wabtec's dedication to enhancing its leadership team with individuals who can contribute to its strategic goals, particularly in governance and sustainability. Investors and stakeholders can anticipate that Mr. Perez's involvement will further bolster Wabtec's efforts in these critical areas.
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