L.B. Foster Company Announces the Appointment of Executive Officers

About this update from L.b. Foster Company

PITTSBURGH, May 21, 2026 (GLOBE NEWSWIRE) -- L.B. Foster Company (NASDAQ: FSTR), a global technology solutions provider of products and services for the Rail and Infrastructure markets, announced today that, effective June 1, 2026, its Board of Directors has promoted certain executive officers.John F. Kasel, President and Chief Executive Officer of the Company, remarked, “In continuation of the Company’s efforts to drive stockholder return and leverage talent, I am pleased to announce the promotion of three key employees to work on enhancing our performance, increasing shareholder return, and driving our strategy. Bill Thalman, Sean Reilly, and T.J. Curran have been instrumental in our work to date, and I anticipate they will make significant contributions in their new roles.” Mr. William M. Thalman currently serves as Executive Vice President and Chief Financial Officer (“EVP and CFO”) of the Company, and is appointed the Company’s Executive Vice President and Chief Operating Officer effective June 1, 2026 (the “Effective Date”). Mr. Thalman, age 59, has served as EVP and CFO since June 2023 and served as Senior Vice President and CFO since February 2021. Before joining the Company, he was employed by Kennametal, Inc., a publicly-traded corporation providing metal cutting and wear-protection solutions to various industries, since 2004. He last served in non-financial roles at Kennametal as Vice President – Advanced Material Solutions from 2016 to 2021 in a business operations leadership role, and as Vice President – Transformation Office from 2019 to 2021 in a strategic program management position. Prior to those roles, he served in positions of increasing responsibility at Kennametal, including: Vice President – Finance Infrastructure, Director of Finance – M&A and Planning, Director of Finance – Kennametal Europe, Director of Finance – MSSG Americas, Assistant Corporate Controller, and Director of Financial Reporting.  Prior to Kennametal, Mr. Thalman was employed by Wesco, Inc., from 2002 to 2004 as Corporate Controller, and by The Carbide/Graphite Group, Inc. as Vice President and Treasurer, and Manager of External Reporting, and Investor Relations from 1993 to 2002. He also worked in public accounting at Coopers & Lybrand (now PricewaterhouseCoopers, LLP) from 1988 to 1993. Mr. Thalman holds a Bachelor of Science in Accounting from West...

View stock analysis, news, and events for L.b. Foster Company