NY: RailComm Announces Appointment of New CEO

RailComm LLC announced the appointment of Joe Forgione as its president and CEO, effective Oct. 28. Forgione succeeds RailComm’s former President and CEO Joe Denny who earlier this year announced his desire to step down after almost 15 years of continuous service since founding RailComm in 1999.

Denny will continue his involvement with RailComm as the chairman of the board of directors and founder, as well as in an operational capacity leading RailComm’s new product initiatives and customer and strategic partnerships. 

Commenting on the announcement, Joe Denny said, “We are very fortunate to have grown RailComm to the extent that we can attract high-level executive talent such as Joe Forgione. Joe has an impressive technology industry background and the demonstrated experience to lead RailComm to the next level. As we introduce new rail focused products, including our industry leading cloud-based ecosystem, Joe’s experience in this area of business growth will be invaluable. I know I speak for all RailComm stakeholders in welcoming Joe to the RailComm family”.

“I am pleased to be joining a company that is a leader in the railroad automation industry,” said Forgione. “There is a unique opportunity to transform this foundational industry and deliver unprecedented safety, reliability, and efficiencies by applying our technology and expertise to customers throughout the world. RailComm has the right people, knowledge, and innovative technology to lead this industry transformation”.

Peter Binas, a director at RailComm and a managing director at Schooner Capital, one of RailComm’s leading investors, commented on behalf of the board of directors, “Joe Denny has done an incredible job building RailComm into a premier provider of automation and technology solutions for the rail industry. He has led the business with distinction for 15 years and created the platform and foundation to ensure the long-term potential for the business. We are delighted to welcome him to his new role as Chairman of the Board, and look forward to many years of continued accomplishments in his new operating role. We also want to welcome Joe Forgione to the CEO role. We are all thrilled to have such an accomplished executive at the helm. Under his leadership, we are eager to tackle the next phase of growth at RailComm.”
 

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