L.B. Foster Announces Executive Management Changes and Promotions

L.B. Foster Company announced significant executive management changes effective June 1, 2026. William M. Thalman, currently Executive Vice President and CFO, will become Executive Vice President and Chief Operating Officer. Sean M. Reilly, currently Controller and Principal Accounting Officer, will be promoted to Senior Vice President and CFO. Timothy J. Curran, currently Vice President of Tax and Treasury, will become Controller and Principal Accounting Officer. The company detailed compensation packages for each executive, including base salary increases and equity awards. Thalman will receive a $510,000 base salary, Reilly $373,000, and Curran $250,000. All three executives will receive restricted stock units and performance share units under the company's 2025 Equity and Incentive Compensation Plan. The changes are part of the company's efforts to drive stockholder return and leverage internal talent, with CEO John F. Kasel noting these individuals have been instrumental in the company's work to date.