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O'Leary Named to Lead Alaska Railroad
The Alaska Railroad has named a new president and chief executive officer.
ANCHORAGE- The Alaska Railroad has named a new president and chief executive officer.
The railroad in a Friday release says Fairbanks native Bill O'Leary will begin his new duties Nov. 1.
O'Leary has been chief operating officer of the railroad since March. Before that, he was hired in 2001 as a vice president and chief financial officer.
He replaces Chris Aadnesen, who in September announced he would not seek extension when his three-year contract expired.
O'Leary faces challenging times at the railroad. In March, the railroad eliminated 54 positions as it struggled to deal with a negative swing of $45 million in its finances in the last two years.
Those laid off represented 8 percent of its workforce, and accounted for about $4.5 million in savings.