Marmon Rail, a subsidiary of Berkshire Hathaway, is witnessing significant leadership changes and expansion in its North American railcar leasing operations. Kate Suprenuk has been appointed as the President of Railcar Leasing North America for Marmon Rail. In this new role, Suprenuk will spearhead the leasing activities of Union Tank Car Company (UTLX) and Procor Limited, covering all railcar leasing endeavors under Marmon Holdings in North America. Notably, Randy Pocrnick, the President of Procor Leasing, will continue in his current role and report directly to Suprenuk.
Suprenuk’s promotion aligns with the announcement of the impending retirement of Bill Constantino, who currently serves as the Group President of Marmon Rail Leasing. Effective January 1, 2024, Constantino will transition into the role of Senior Vice President of Advisory Services, with plans to retire later in the year.
Mark Carrier, the Executive Vice President of Marmon Rail & Crane Groups, expressed confidence in Suprenuk’s abilities, stating, “Kate has been an integral part of Marmon Rail during her seven years with the company. Her experience, enthusiasm, and leadership make her the ideal candidate to assume this critical role.”
Kate Suprenuk expressed her honor and eagerness to lead the organization, stating, “I am honored to lead this exceptional organization and look forward to working with our dedicated employees to continue to provide excellent railcar products and services across North America.”
Suprenuk has a wealth of experience, having served as President of Leasing at UTLX since January 2022. Her impressive 30-year career spans various business functions, including nearly two decades in GE Capital’s Intermodal and Railcar Leasing divisions, where she held the position of Chief Financial Officer.
Bill Constantino, who has had a successful 45-year career with the company, will retire in 2024. During his tenure, Constantino played a pivotal role in leading the business through multiple economic cycles and shaping the industry. His invaluable contributions and industry knowledge have been a cornerstone of Marmon Rail’s success.
Marmon Rail’s North American railcar leasing business combines the leasing units of Union Tank Car Company (UTLX) and Procor Limited. These two entities are North America’s premier designers, builders, and full-service lessors of railroad tank cars and specialized railcars. UTLX and Procor jointly own a fleet of approximately 120,000 railcars, serving customers in industries such as chemicals, petrochemicals, energy, and agriculture/food. UTLX manufactures tank cars in the United States and, in collaboration with Procor, provides railcar maintenance services at over 100 locations across North America.
Both UTLX and Procor are integral parts of Marmon Holdings, Inc., a Berkshire Hathaway company.
© 2023 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.