Watco adds Inselbuch as CFO, Baden moves to COO

Adam Inselbuch will join Watco as executive vice president and chief financial officer on July 11, 2011. Inselbuch will oversee the implementation of all financial aspects of Watco's strategic plan and will be responsible for the finance, accounting, strategic sourcing and revenue accounting functions. Inselbuch joins Watco from South Street Ventures, LLC, of New York where he served as managing director for the past year. "We have worked with Adam on several projects and are confident that his experience and rail industry relationships will be an asset to Watco," said Watco President Terry Towner. "Adam will be leading our finance and support teams that provide the information necessary for our Watco team to meet the daily needs of our Customers." Towner said. Rick Baden, currently executive vice president and chief financial officer, will assume the role of executive vice president and chief operating officer with responsibilities for all business segments, as well as information technology, marketing and strategic analysis. Baden will also lead international operations.