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News Breaks
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October 28, 2011
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| 13:50 EDT |  | FSTR |
| theflyonthewall.com: | L. B. Foster announces CEO Stan Hasselbusch to delay planned retirement | | Previously, L. B. Foster Company announced that Stan Hasselbusch, President and CEO, had planned to retire on December 31. Based on current timing, it is unlikely that the search process for a successor will be completed by December 31, so Hasselbusch has agreed to remain the company’s President and Chief Executive Officer until his successor is duly appointed by the Board of Directors and has taken office. :theflyonthewall.com |
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May 14, 2012
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| 08:31 EDT |  | FSTR |
| theflyonthewall.com: | L. B. Foster to sell railway securement business | | L.B. Foster announced that the infrastructure products company will sell its railway securement business in a transaction expected to be completed by the end of the second quarter. L.B. Foster acquired the shipping systems division as part of its acquisition of Portec Rail Products, Inc. in December 2010. In announcing the decision to sell the unit, the company noted that other industry participants would be a better strategic fit and, therefore, provide better growth potential for the business and its employees. :theflyonthewall.com |
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