Fort Worth & Western names Schlosser to succeed George as president and CEO

Fort Worth & Western Railroad said that Steven George would retire in the first quarter of 2011 as president and chief executive officer of the Fort Worth-based 276-mile regional railroad. Succeeding him will be Thomas Schlosser, former chief executive officer of Global Rail Systems, Inc., Marlin, Texas, and chairman of the American Short Line & Regional Railroad Association from 2007 to 2010.

George joined FWWR in
2000 as vice president operations planning and support and was promoted to
president and CEO in 2007. He will work closely with Schlosser until the
transition is completed. Schlosser had been CEO of Global Rail since 2007. The
company is a subsidiary of Vossloh-Cogifer and manufactures railway signaling
and train control and detection equipment.

Looking back, Steve
George said, "Fort Worth & Western Railroad has become a vibrant,
growing and profitable company serving the expanding DFW Metroplex. It has been
my pleasure to lead the FWWR team as they strive for continuous improvement,
becoming the energetic and competent group that makes FWWR a special place to
work."

Schlosser noted,
"Steve and his team have transformed a six-mile shortline into a great
railroad. He’s done a fantastic job. He’s good at what he does and I have great
respect for him. I’m looking forward to maintaining and adding to the momentum
that Steve has created."

George’s railroad career
spans 40 years beginning in 1971 with the Atchison, Topeka and Santa Fe Railway
(now BNSF), where he held various posts in the Operating department, advancing
to assistant vice president operations in 1995. Following the Burlington
Northern and Santa Fe merger in 1996, he was assistant vice president customer
service before joining the FWWR in 2000.

Schlosser began his rail
career in 1971 as a locomotive fireman on the Detroit, Toledo and Ironton
Railroad in Pontiac, Mich. Following service in the U.S. Navy, Schlosser
advanced to trainmaster and operations controller. After the DT&I was
acquired by the Grand Trunk Western (now CN) in 1980, Schlosser was promoted to
district manager, director customer support and general superintendent-transportation
at Pontiac, Mich. in 1993. He joined California Northern Railroad in 1995 as
vice president and chief operating officer and was president and chief
operating officer of Park Sierra Rail Group (Arizona & California,
California Northern, Puget Sound & Pacific railroads) from 1998 until 2002,
when the lines were acquired by RailAmerica, Inc. Schlosser was RailAmerica’s
senior vice president of RA’s Pacific Corridor, Napa, Calif., from 2002 to 2003
and its Western Corridor based in Richardson, Texas from 2003 to 2006.

Fort Worth & Western
began operations in 1988 on six miles of track acquired from the former Burlington
Northern, Santa Fe and Southern Pacific (now Union Pacific). Today, FWWR serves
more than 100 customers and moves approximately 36,000 carloads annually over
its 276 route miles of track. Lines extend from the greater Fort Worth area to
a connection with Mexico, via Texas Pacifico at San Angelo Junction. FWWR has
more than 80 employees and serves domestic and global markets through its
connections with BNSF, Union Pacific and Kansas City Southern railroads.