Kevin Bagby is stepping down from his position as chief financial officer of FreightCar America, effective November 3. Bagby has accepted a position at another firm.
Bagby has served as vice president of finance, chief financial officer and treasurer of FreightCar America since November 2004. The company launched a search to find a new CFO.
"We are grateful for the expertise Kevin has provided over the past several years and wish him every success with his future endeavors," said President and CEO Chris Ragot. "We remain confident about our strategy and growth initiatives going forward and look forward to finding another talented and driven CFO who will help us execute our plans successfully."
Chicago, Ill.-based FreightCar America manufactures railroad freight cars, with particular expertise in coal-carrying railcars.