Alvaro Garcia-Tunon To Retire As Wabtec EVP, CFO - Quick Facts

(RTTNews) - Wabtec Corp. (WAB) said Alvaro Garcia-Tunon has decided to retire as Executive Vice President or EVP and Chief Financial Officer or CFO, effective January 1, 2014. He will be succeeded by Patrick Dugan.

The company said Dugan joined Wabtec in 2003 and has served as Senior Vice President, Finance and Corporate Controller, and as a member of the company's Executive Office, since January 2012.

Garcia-Tunon, 61, will remain with the company as a strategic adviser. Commenting on Dugan, the company said he has been involved in all aspects of Wabtec's business for the pats 10 years, including strategic planning, financial controls and reporting, acquisitions, banking and capital markets, information technology and tax planning. He joined Wabtec as Vice President and Corporate Controller in 2003 and was promoted to Senior Vice President in 2012.

Previously, he served as CFO of CWI International and as a manager with PricewaterhouseCoopers.