Icahn revives growth plan; rail chief resigns

Oct 14, 2013 | 02:06 PM | Frank Haflich

Tags  Carl Icahn, rail car industry, American Railcar Industries, Icahn Enterprises, Greenbrier, Trinity Industries, FreightCar America, James Cowan Jeffrey Hollister

LOS ANGELES — A key executive in Carl C. Icahn’s railcar holdings has resigned as the billionaire investor reignites his effort to expand his holdings in the industry.

St. Charles, Mo.-based American Railcar Industries Inc. has named Jeffrey S. Hollister as president and interim chief executive officer in the wake of James Cowan’s resignation from the posts "to pursue other interests," the company said.

Cowan’s resignation came less than three weeks after the announcement of a planned restructuring in American Railcar’s ownership. Hollister joined American Railcar in 2005 and most recently headed its rail car manufacturing group.....

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