Loram Announces Key Leadership Appointments

HAMEL, Minn. –– Loram recently announced several leadership appointments, which were effective January 1, 2026.

Citing the company’s global growth over the last decade, Loram announced three executive leadership changes and one senior leadership change. The company notes that it has transformed from a North American-centric company into a global enterprise operating across Europe, the Middle East, Australia, South America, and India. Having seen its product portfolio more than doubled since 2018, these excecutive changes will support the pursuit of new opportunities.

Executive Leadership Changes

• Luke Olson has been promoted to Chief Operating Officer. In this expanded role, Luke will continue to oversee Sales, Marketing, and Product for Loram’s North America, South America, and India business units. Luke will also assume leadership of the EMEA and APAC business units. This alignment strengthens Loram’s ability to deliver world-class value and service to customers globally. Luke brings over two decades of leadership experience at Loram, having joined the company in 2003. Throughout his tenure, Luke has held key roles in marketing, product development, and operations, He has been instrumental in driving global expansion and spearheading strategic product innovations. Most recently, he served as Senior Vice President, Contract Services, Americas and Global OEM, where he was instrumental in expanding Loram’s global presence as an industry leader in railway maintenance equipment and services.
• Todd Klemmensen has been promoted to Chief Legal & Compliance Officer. Todd will play a critical role in ensuring Loram meets the highest standards of integrity and excellence across diverse regulatory environments worldwide. Since joining Loram in 2022, Klemmensen has played a pivotal role in strengthening corporate governance and supporting Loram’s global growth strategy. Todd has more than two decades of legal and executive experience, including senior leadership roles a MTS, Aspen Technology and, Fredrikson & Byron, P.A., where he developed deep expertise in contract strategy, regulatory compliance, and corporate law.
• Chad Rolstad will transition to Vice President, Environmental Health and Safety, Strategy, and Innovation. Adding innovation to Chad’s current responsibilities reinforces Loram’s commitment to product, service, and process innovation. With a strong background in the transportation and rail sectors, Rolstad is committed to enhancing operational excellence through innovation. Prior to joining Loram, Rolstad held leadership positions spanning human resources, strategic sourcing, and operational management at Canadian Pacific and BNSF Railway. He brings a unique combination of finance, engineering, and executive insight to his current role, where he drives performance across environmental, health, strategy, and innovation domains.

Senior Leadership Changes

• Lee Tinney has been promoted to Managing Director, EMEA. Lee brings a wealth of experience and will focus on strengthening Loram’s relationships with customers, suppliers, and stakeholders throughout the UK and EMEA. In this role, Lee will also support the strategic vision of reinforcing Loram’s position as a global leader in infrastructure maintenance, monitoring, and digital services. With over two decades of experience in the railway industry, Lee brings extensive expertise in delivering rail maintenance services across the UK, USA, Europe, and the Middle East. Since joining Loram EMEA in 2015, Lee has served as Operations Director, overseeing contract services, aftermarket support, and the integration of new technologies.