Theodore W. Baun will join MUL Railcars, Inc. (MULR), a subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (MUL), as its new Chief Commercial Officer beginning July 1.
Baun brings 25 years of experience in the railcar industry to MULR. Previously, he served with FreightCar America, Inc., of Chicago, IL , as Vice President and Chief Commercial Officer with executive responsibilities relating to new car manufacturing, leasing, and aftermarket parts and services. During his tenure, Baun also led the company's strategic planning, business development and international initiatives.
"Ted is a tremendous addition to the MULR leadership team,” said MULR CEO J.T. Sharp. “Ted's commitment to value creation, partnership, customer focus and integrity coincide perfectly with the culture we are building at MULR. His background, experience and vision will be instrumental in helping us achieve our goals both in the near-term and in the future."
As the Chief Commercial Officer of MULR, Baun will be responsible for fleet utilization, revenue generation and operations supporting customer experience. In addition, he will play an integral role as part of the corporate leadership of MULR in planning and architecting the growth of the platform and the fleet as it drives towards its near-term objective of having a 25,000-car portfolio by the end of 2020.