Tag: Katie

Incoming CEO of Warren Buffett’s railroad Katie Farmer on the economy

Katie Farmer, incoming CEO of BNSF Railway, told CNBC on Friday that her industry has clearly been impacted economically by the coronavirus pandemic, but there’s optimism on the horizon.

“We have seen the economy start to pick up relative to rail loadings,” Farmer told “Squawk Box.”

While BNSF, owned by Warren Buffett-led Berkshire Hathaway, anticipates a rebound, Farmer noted this year has been different from the past.

“We basically say that if we’re handling 200,000 units of wheat, that indicates we’re a busy railroad,” she explained. “In 2018, we handled over 200,000 units of wheat, 41 times that year. Fast forward to 2020 and with the impact of the pandemic, we haven’t hit 200,000 units on our railroads yet.”

“In the depth of the pandemic, our rail loadings were actually down to about 150,000 units a week. Now, we have seen that continue to come back. And we anticipate this

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Compass Diversified Appoints Katie Melzer as Managing Director and Head of Business Development

The MarketWatch News Department was not involved in the creation of this content.

WESTPORT, Conn., Sep 14, 2020 (GLOBE NEWSWIRE via COMTEX) —
WESTPORT, Conn., Sept. 14, 2020 (GLOBE NEWSWIRE) — Compass Diversified Holdings, doing business as Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, today announced the appointment of Katie Melzer as Managing Director and Head of Business Development. Ms. Melzer will work closely with CODI’s investment team to develop and maintain relationships with intermediaries across the country and work with CODI’s existing subsidiaries to foster growth through opportunistic acquisitions.

Prior to joining CODI, Ms. Melzer spent more than 15 years at Robert W. Baird & Co. (“Baird”), most recently serving as a Director in the Consumer Investment Banking group. In this role, she worked with private equity firms and multinational companies on sell-side, buy-side and financing transactions, gaining significant cross-border transaction

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