November 28, 2016
FOR IMMEDIATE RELEASE
November 28, 2016
CENTRAL MAINE & QUEBEC Announces Promotions
BANGOR, Maine--Central Maine & Quebec Railway (CMQ)
(www.cmqrailway.com) is pleased to announce the evolution of
responsibilities of two of its senior leaders. After partnering with
Fortress Investment Group (FIG) in 2014 and leading the
transformation of the former Montreal, Maine & Atlantic Railway to the
CMQ, John E. Giles has elected to transition from the role of president
and chief executive officer and assume the duties of executive chairman,
effective January 1, 2017.
Giles will continue to lead initiatives supporting CMQ’s strategic
positioning for growth and investment, including long-term planning,
market positioning and acquisitions.
Giles and the Fortress team have selected Chief Operating Officer Ryan
Ratledge to succeed Giles as president and CEO.
Ratledge, a 22-year railroad veteran, began his career on the BNSF,
rising quickly through the operating ranks before joining RailAmerica
in 2007. While at RailAmerica, he held a variety of positions that
included: general manager of the Puget Sound and Pacific Railroad;
general manager of the Indiana and Ohio Railway; and vice president -
Ratledge joined CMQ in 2014 where he and his team have dedicated
themselves to retaining and developing existing and new business,
while partnering with connecting carriers to optimize routes and
improve pricing and service for CMQ customers.
Ratledge said, "It is a tremendous honor to continue what John began
at CMQ. I am excited to be in this role. CMQ is a great team of talented
people who provide critical services to our customers. I am extremely
encouraged by our business momentum and our future prospects and
look forward to leading CMQ into this next chapter of our success."
Giles said, "The promotion of Ryan as my successor is a natural
progression and is well-deserved. He is a highly capable leader with a
wealth of rail industry experience and will continue to propel the
organization forward. I am confident that Ryan will excel in his new
role and I look forward to continuing to work with him in the years
Central Maine & Quebec Railway