BUFFALO, N.Y., Feb. 5 /PRNewswire/ -- American Steamship Company (ASC)
today announced that Jerome K. Welsch has been appointed president and chief
executive officer. Mr. Welsch has been a key member of ASC's senior
management team since joining the company in 1979. Most recently, Mr. Welsch
served as vice president-planning and business development, and was integral
to the formation of the United Shipping Alliance, which is a pooling agreement
between ASC and Oglebay Norton Marine Services.
Mr. Welsch holds a BBA from St. Bonaventure University, a Masters Degree
in Finance from Canisius College, and is a Certified Public Accountant. Mr.
Welsch started his career with Price Waterhouse & Co.
COMPANY DESCRIPTION
American Steamship Company, one of the leading Great Lakes shipping
companies, is a unit of GATX Financial Corporation, a wholly owned subsidiary
of GATX Corporation (NYSE: GMT). GATX is a specialized finance and leasing
company combining asset knowledge and services, structuring expertise,
partnering and risk capital to serve customers and partners worldwide. GATX
specializes in railcar and locomotive leasing, aircraft operating leasing,
information technology leasing, and has an established position in the marine
operating and finance markets.
Investor, corporate, financial, historical financial, photographic and
news release information may be found at http://www.gatx.com .
SOURCE GATX Corporation
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