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Trinity Industries, Inc. Announces Board of Directors for Arcosa, Inc.

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Board Members Bring Diverse Expertise and Leadership Experience to
Future Board

Directors to Begin Service Upon Completion of Separation in the
Fourth Quarter of 2018

Trinity Industries, Inc. (NYSE:TRN) ("Trinity") today announced the
composition of the Board of Directors of Arcosa, Inc. ("Arcosa"), the
new independent publicly-traded company to be formed by the planned
spin-off of Trinity's infrastructure-related businesses. Today, Trinity
separately announced the composition of its future Trinity Board of
Directors.

To ensure continuity and retention of valuable experience, at the time
of the spin-off, each company's board will include five members of the
current Trinity Board of Directors, with no overlapping directors. Each
of the five current Trinity directors who will join the Arcosa board
will resign from the Trinity board on completion of the spin-off. In
addition, new directors will be added to each of the Trinity and Arcosa
boards, effective on completion of the spin-off. These directors were
chosen after a comprehensive review of professional qualifications as
they relate to the specific needs of the two new companies. The spin-off
remains on track for completion in the fourth quarter.

The new Arcosa Board of Directors will consist of nine directors, eight
of whom will be considered independent:

  • Rhys Best, Current Director of Trinity, Non-Executive Chairman
    of MRC Global, Inc., and Non-Executive Chairman of Arcosa, Inc.
  • Antonio Carrillo, Current Director of Trinity and future
    President and Chief Executive Officer of Arcosa, Inc.
  • Joe Alvarado, Former Chairman and Chief Executive Officer of
    Commercial Metals Company.
  • David Biegler, Current Director of Trinity and Chairman,
    President and Chief Executive Officer of Southcross Energy Partners
    GP, LLC.
  • Jay Craig, Chief Executive Officer and President of Meritor,
    Inc.
  • Ronald Gafford, Current Director of Trinity and former
    President and Chief Executive Officer of Austin Industries, Inc.
  • John Lindsay, President and Chief Executive
    Officer of Helmerich & Payne, Inc.
  • Douglas Rock, Current Director of Trinity and former Chairman
    of Smith International, Inc.
  • Melanie Trent, Former Executive Vice President, General Counsel
    and Chief Administrative Officer of Rowan Companies plc.

"I am pleased to announce this highly qualified and experienced Board of
Directors," said Rhys Best, current Director of Trinity and
Non-Executive Chairman of the Board of Directors for Arcosa. "We look
forward to working closely together along with the executive team to
build shareholder value by meeting critical infrastructure needs. Arcosa
has tremendous opportunities ahead as a standalone company, and the
diverse set of skills and experience represented by our directors will
be invaluable as we work towards achieving the company's strategic
goals."

Arcosa is expected to be a growth-oriented manufacturer of
infrastructure-related products for construction, energy, and
transportation markets. With $1.5 billion in 2017 revenues and $132
million in 2017 operating profit, Arcosa plans to leverage its
established platforms of businesses to capitalize on economic expansion
and infrastructure spending, which present compelling strategic
opportunities. The new company, with a solid liquidity position, is
expected to have the financial flexibility to pursue organic investments
and acquisitions. Arcosa will have a leadership team with a track record
of growth and the proven ability to operate efficiently in cyclical
markets.

For more information on the previously announced separation of Arcosa
and Trinity, please visit www.trin.net/trinity-spin-off.

The following are brief biographies of those individuals newly
appointed who will serve on the future Board of Directors of Arcosa.
Biographies
for current directors serving on the Board can be found on the website
at
http://www.trin.net/senior-management-and-directors:

About Joe Alvarado
Joe Alvarado is the retired Chairman and
CEO of Commercial Metals Company ("CMC"). Mr. Alvarado joined CMC in
April 2010, and prior to serving as Chairman from 2013 to 2018 and CEO
from 2011 to 2017 he held the position of Executive Vice President and
Chief Operating Officer. Prior to his tenure at CMC, Mr. Alvarado served
as President, U.S. Steel Tubular Products for U.S. Steel after the
completed acquisition of Lone Star Technologies, Inc. where he had
served as President and Chief Operating Officer from 2004 to 2007. Prior
to this, Mr. Alvarado served as a Vice President for Ispat North America
Inc. (now Arcelor Mittal) in 1998 and as an Executive Vice President at
Birmingham Steel Company in 1997. Mr. Alvarado began his career at
Inland Steel Company in 1976, and in 1988 he was appointed Vice
President and General Manager, Sales and Marketing for Inland Bar
Company and was made President in 1995. Mr. Alvarado currently serves as
a director of Trinseo and Kennametal, Inc. and he is a former director
of Spectra Energy. He has also served on the board of directors of
various industry trade associations and community organizations.

About Jay Craig
Jay Craig has served as Chief Executive
Officer and President of Meritor, Inc. since April 2015. Prior to this,
Mr. Craig was President and Chief Operating Officer, with oversight of
Meritor's business segments – Commercial Truck & Industrial and
Aftermarket & Trailer. He has been a member of the Meritor Board of
Directors since April 2015. Prior to taking on the role of President and
COO, Mr. Craig was Senior Vice President and President of Meritor's
Commercial Truck & Industrial segment. He served as Senior Vice
President and Chief Financial Officer at Meritor from 2009 to 2013 and
has held various leadership positions at the company since 2006. Before
joining Meritor, Mr. Craig served as President and CEO of General Motors
Acceptance Corp.'s ("GMAC") Commercial Finance organization from 2001 to
2006. Prior to that, Mr. Craig was President and CEO of GMAC's Business
Credit division from 1999 until 2001. He joined GMAC as a general
auditor in 1997 from Deloitte & Touche, where he served as an audit
partner. He is chairman of the Board of Directors, Focus: HOPE; a member
of the Board of Directors, Heavy Duty Manufacturers Association; and a
member of the Dean's Advisory Board at Michigan State University's Broad
College of Business.

About John Lindsay
John Lindsay has served as Chief
Executive Officer of Helmerich & Payne, Inc. since 2014 and President
and Director since 2012. Mr. Lindsay joined Helmerich & Payne in 1987
and has served in various positions including Vice President, U.S. Land
Operations from 1997 to 2006 for Helmerich & Payne International
Drilling Co., Executive Vice President, U.S. and International
Operations from 2006 to 2010, Executive Vice President and Chief
Operating Officer from 2010 to 2012, and President and Chief Operating
Officer of the Company from 2012 to 2014.

About Melanie Trent
Melanie Trent previously served in
various legal, administrative and compliance capacities for Rowan
Companies plc, from 2005 until 2017, including as an Executive Vice
President, General Counsel and Chief Administrative Officer from 2014
until 2017, as Senior Vice President, Chief Administrative Officer and
Company Secretary from 2011 until 2014, and as Vice President and
Corporate Secretary from 2010 until 2011. Prior to her tenure at Rowan,
Ms. Trent served in various legal, administrative and investor relations
capacities for Reliant Energy Incorporated, served as counsel at Compaq
Computer Corporation and as an associate at Andrews Kurth LLP. Ms. Trent
is also a member of the Board of Directors of Diamondback Energy, Inc.

Trinity Industries, Inc., headquartered in Dallas, Texas, is a
diversified industrial company that owns complementary market-leading
businesses providing products and services to the energy, chemical,
agriculture, transportation, and construction sectors, among others.
Trinity reports its financial results in five principal business
segments: the Rail Group, the Railcar Leasing and Management Services
Group, the Inland Barge Group, the Construction Products Group, and the
Energy Equipment Group. For more information, visit: www.trin.net.

Arcosa, Inc., headquartered in Dallas, Texas, is a growth-oriented
manufacturer of infrastructure-related products and services with
leading positions in construction, energy, and transportation markets.
Arcosa reports its financial results in three principal business
segments: the Construction Products Group, the Energy Equipment Group,
and the Transportation Products Group. For more information, visit the
Trinity Spin-off section of Trinity's website located at www.trin.net.

Some statements in this release, which are not historical facts, are
"forward-looking statements" as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include
statements about Trinity's or Arcosa's estimates, expectations, beliefs,
intentions or strategies for the future, and the assumptions underlying
these forward-looking statements, including, but not limited to,
statements regarding qualifications and experience of directors,
statements regarding the anticipated separation of Trinity and Arcosa
into separate public companies, the expected timetable for completing
the spin-off transaction, whether or not the spin-off transaction
occurs, future financial and operating performance of each company,
benefits and synergies of the spin-off transaction, strategic and
competitive advantages of each company, future opportunities for each
company and any other statements regarding events or developments that
Trinity or Arcosa believes or anticipates will or may occur in the
future. Trinity uses the words "anticipates," "assumes," "believes,"
"estimates," "expects," "intends," "forecasts," "may," "will," "should,"
"guidance," "outlook," and similar expressions to identify these
forward-looking statements. Forward-looking statements speak only as of
the date of this release, and Trinity and Arcosa expressly disclaim any
obligation or undertaking to disseminate any updates or revisions to any
forward-looking statement contained herein to reflect any change in
Trinity's or Arcosa's expectations with regard thereto or any change in
events, conditions or circumstances on which any such statement is
based, except as required by federal securities laws. There is no
assurance that the proposed spin-off transaction will be completed, that
Trinity's Board of Directors will continue to pursue the proposed
spin-off transaction (even if there are no impediments to completion),
that Trinity will be able to separate its businesses, or that the
proposed spin-off transaction will be the most beneficial alternative
considered. Forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from historical
experience or our present expectations, including but not limited to
risks and uncertainties regarding economic, competitive, governmental,
and technological factors affecting Trinity's or Arcosa's operations,
markets, products, services and prices, as well as any changes in or
abandonment of the proposed separation or the ability to effect the
separation and satisfy the conditions to the proposed separation, and
such forward-looking statements are not guarantees of future
performance. For a discussion of such risks and uncertainties, which
could cause actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" and "Forward-Looking
Statements" in Trinity's Annual Report on Form 10-K for the most recent
fiscal year, as may be revised and updated by Trinity's Quarterly
Reports on Form 10-Q, and Trinity's Current Reports on Form 8-K, and see
"Information Statement Summary", "Risk Factors" and "Forward-Looking
Statements" in the information statement to Arcosa's Form 10, as amended.

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