Short line holding company Watco has announced changes in its executive ranks that became effective on Jan. 1.
CEO Dan Smith has assumed the responsibilities of executive chairman of Watco’s governing board while continuing in his role as CEO. Smith joined Watco in 2009 and became CEO in 2018.
Rick Baden, who previously served as executive vice president and chief financial officer, and has now assumed the role of EVP and vice chairman. Baden joined Watco in 2004.
Andy Nielsen, formerly EVP and chief accounting officer, became the EVP and CFO. Nielsen, who joined Wattco in 2015, will be responsible for overseeing Watco’s finance, treasury, capital allocation and investor relations functions.
