Cando Rail & Terminals appoints new CFO
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Hey there, time traveller!
This article was published 27/03/2024 (915 days ago), so information in it may no longer be current.
Brandon-based railroad contractor Cando Rail & Terminals has announced the appointment of Nate Servis as chief financial officer.
Servis joined the senior leadership team on Tuesday, replacing Rick Soenen, who is retiring.
The company in a statement said Servis brings a wealth of knowledge of the transportation and logistics sector, with more than 15 years of Wall Street investment banking experience.
Cando’s new chief financial officer, Nate Servis. (Submitted)
Servis previously worked at Wells Fargo Securities, most recently as a managing director in the industrials group, the company said.
“Over the last few years, Servis led the firm’s coverage of the rail sector and brings deep knowledge of and relationships with Class I and short line railroads, rail service providers, and port and terminal operators, in addition to investors that target the sector. Servis led the sale of Cando Rail & Terminals to AIMCo in November 2022.”
Brian Cornick, president and CEO of Cando Rail & Terminals, highlights the importance of this strategic hire as Cando invests in critical infrastructure to support shipper customers and Class I partners.
“As we continue on our tremendous growth trajectory, balancing organic growth with strategic acquisitions is a cornerstone of our playbook, and bringing in Nate will enhance these efforts,” Cornick said.
“In addition, Nate brings relationships and credibility with key players in the United States, a core strategic growth area for Cando. His deep understanding of our company and industry, combined with his strategic finance track record, will help propel Cando to new heights.”
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