To view members of various board committees, please visit our Corporate Governance & Committee Composition page.


William A. Furman

Chief Executive Officer & Chairman of the Board of Directors

Mr. Furman has served as a member of the Board since 1981 and as the Company’s Chief Executive Officer since 1994. He has served as the Chairman of the Board of Directors since January 2014. Mr. Furman has been associated with the Company and its predecessor companies since 1974. Prior to 1974, Mr. Furman was Group Vice President for the Leasing Group of TransPacific Financial Corporation. Earlier he was General Manager of the Finance Division of FMC Corporation. Mr. Furman served as a Director of Schnitzer Steel Industries, Inc., a steel recycling and manufacturing company, from September 1993 to January 2016. As a founder of the Company’s predecessor, Mr. Furman brings executive management and railcar industry experience to the Board as well as historical perspective on the Company’s origins and evolution.


Admiral Thomas B. Fargo

Independent Director

Adm. Fargo has served as a member of the Board since July 2015. Adm. Fargo is a retired military commander with subsequent private sector experience in maritime and other transportation industries. As commander of the U.S. Pacific Command from 2002 until 2005, Admiral Fargo led the world’s largest unified command while directing the joint operations of the Army, Navy, Marine Corps and Air Force. In this role Admiral Fargo acted as U.S. military representative for collective defense arrangements in the Pacific, ultimately responsible to the President and the Secretary of Defense through the chairman, Joint Chiefs of Staff. Admiral Fargo’s naval career included six tours in Washington, D.C. and extensive duties in the Pacific, Indian Ocean and Middle East including serving as Commander-in-Chief of the U.S. Pacific Fleet and Commander of the Naval Forces of the Central Command. Admiral Fargo serves as Chairman of Huntington Ingalls Industries, America’s largest military shipbuilder, and on the Boards of Directors for Hawaiian Electric Industries, Matson and United States Automobile Association. Previously, he served on the Boards of Northrop Grumman Corporation and Hawaiian Airlines.


Wanda Felton

Independent Director

Ms. Felton has approximately 25 years of investment banking and private equity advisory experience. After twice being confirmed by the United States Senate, Ms. Felton recently completed service as First Vice President and Vice Chair of the Export Import Bank of the United States (Ex‐Im Bank). As Vice Chair of the Board of Directors, she voted on policy matters and approved transactions that spanned global markets and addressed many industry sectors, including manufacturing and transportation, among others. Earlier in her career, Ms. Felton worked in corporate finance, serving clients in the financial services industry. She led transactions that steered more than $3.5 billion to emerging markets, including sub‐Saharan Africa. Prior to joining Ex-Im Bank, she operated MAP Capital Advisors. Previously, she was a managing director at Helix Associates, a division of Jefferies Inc.; a director at Credit Suisse First Boston; and a managing director at Hamilton Lane Advisors. Ms. Felton began her career as a loan officer at Ex-Im Bank. She holds a B.A. from the University of Pennsylvania and MBA from Harvard Business School.


Graeme A. Jack

Independent Director

Mr. Jack has served as a member of the board since October 2006. He is also an independent non-executive director of the trustee manager of Hutchison Port Holdings Trust, COSCO SHIPPING Development Company Limited and Hutchison China Meditech Limited. Mr. Jack is a retired partner of Pricewaterhouse Coopers LLP in Hong Kong and brings accounting and financial reporting expertise to the Board as well as extensive experience in international business transactions in Asia generally and China in particular.


Duane C. McDougall

Lead Director & Independent Director

Mr. McDougall has served as a member of the Board since 2003 and as Lead Director since January 2014. Mr. McDougall served as Chairman and Chief Executive Officer of Boise Cascade, LLC, a privately held manufacturer of wood products, from December 2008 to August 2009. He was President and Chief Executive Officer of Willamette Industries, Inc., an international forest products company, from 1998 to 2002. Prior to becoming President and Chief Executive Officer, he served as Chief Accounting Officer during his 23-year tenure with Willamette Industries, Inc. He also served as Chairman of the Board of Boise Cascade until April, 2015 and serves as a Director of StanCorp Financial. Mr. McDougall has also served as a Director of West Coast Bancorp, a position from which he resigned effective December 31, 2011; as a Director of Cascade Corporation until its sale in 2013; and as a Director of several non-profit organizations. Mr. McDougall brings executive leadership and accounting and financial reporting expertise to the Board.

David L. Starling

Independent Director

Mr. Starling recently retired from the Board of Directors of Kansas City Southern (KCS) where he served since 2010. From 2008-2016, Mr. Starling also served as President and COO at KCS and as President and CEO and a member of the Board of Directors of its affiliate, Kansas City Southern Railroad. KCS is a NYSE-traded transportation holding company that has railroad investments in the U.S., Mexico and Panama. KCS’ North American rail holdings and strategic alliances are primary components of a NAFTA railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. Mr. Starling began his railroad career in 1971 with the St. Louis-San Francisco Railroad (the Frisco) and over the next 14 years held various positions in rail operations at the Frisco and later Burlington Northern (BN) after the Frisco was acquired by BN. From 1988 to 1999 he served American President Lines (APL) in various roles including as Vice President of Central Asia where he had oversight of APL’s operations in Hong Kong, China and Taiwan. Subsequently, he relocated to Panama to serve as president and director general of Panama Canal Railway Company, a KCS affiliate, with responsibility for the reconstruction of the railroad and its subsequent operation. In 2012, Mr. Starling was awarded Railway Age’s prestigious Railroader of the Year award.


Charles J. Swindells

Independent Director

Mr. Swindells has served as a member of the Board since September 2005. Mr. Swindells is currently engaged as an advisor to Bessemer Trust, an independent provider of investment management and wealth planning to families and individuals. Mr. Swindells served as the Vice Chairman, Western Region of U.S. Trust, Bank of America, Private Wealth Management from August 2005 to January 2009. Mr. Swindells served as United States Ambassador to New Zealand and Samoa from 2001 to 2005. Before becoming Ambassador, Mr. Swindells was Vice Chairman of US Trust Company, N.A.; Chairman and Chief Executive Officer of Capital Trust Management Corporation; and Managing Director/Founder of Capital Trust Company. He also served as Chairman of World Wide Value Fund, a closed-end investment company listed on the NYSE. Mr. Swindells was one of five members on the Oregon Investment Council overseeing the $20 billion Public Employee Retirement Fund Investment Portfolio and was a member of numerous non-profit boards of trustees, including serving as Chairman of the Board for Lewis & Clark College in Portland, Oregon. Mr. Swindells serves as a Director of Swift Energy Company, a NYSE listed oil and natural gas company. Mr. Swindells brings financial and global business expertise to the Board.


Donald A. Washburn

Independent Director

Mr. Washburn has served as a member of the Board since August 2004. Mr. Washburn is a private investor. Mr. Washburn served as Executive Vice President of Operations of Northwest Airlines, Inc., an international airline, from 1995 to 1998. Mr. Washburn also served as Chairman and President of Northwest Cargo from 1997 to 1998. Prior to becoming Executive Vice President, he served as Senior Vice President for Northwest Airlines, Inc. from 1990 to 1995. Mr. Washburn served in several positions from 1980 to 1990 for Marriott Corporation, an international hospitality company, most recently as Executive Vice President. He also serves as Chairman of the Board of Amedisys, Inc., and serves as a trustee of LaSalle Hotel Properties and a director of Key Technology, Inc., as well as privately held companies and non-profit corporations. Mr. Washburn received his BBA, cum laude, from Loyola University of Chicago, an MBA from Northwestern University’s Kellogg School of Management and a J.D., cum laude, from Northwestern University’s School of Law. He has continued his professional education in business and law attending Harvard Business School, Stanford Law School, Kellogg School of Management, Wharton Business School at the University of Pennsylvania and industry seminars, including the Boardroom Summit and Stanford Director’s College. Mr. Washburn brings executive management and operational expertise to the Board.


Kelly M. Williams, J.D.

Independent Director

Ms. Williams was appointed in 2015 to the Board of Directors of The Greenbrier Companies (GBX). Ms. Williams is a Senior Advisor to GCM Grosvenor with a focus on diversity and corporate social responsibility. Ms. Williams joined GCM Grosvenor in 2014 and served until June 2015 as President of GCM Grosvenor Private Markets, where she was a member of its Management Committee and also a member of its Investment Committee. Prior to joining GCM Grosvenor, Ms. Williams was a Managing Director and the Group Head of the Customized Fund Investment Group (CFIG) of Credit Suisse Group AG from 2000 to 2014. Ms. Williams joined DLJ (acquired by Credit Suisse in 2000) as a Director of CFIG. She was with Prudential Financial from 1993 to 2000. She was an Executive Director with Prudential's private equity group, where she was a founder of CFIG in 1999. Prior to joining Prudential, Ms. Williams was an associate with Milbank, Tweed. Ms. Williams is a member of the board of the Robert Toigo Foundation, Springboard Enterprises, and is the founding board chair of the Private Equity Women Investor Network. She chairs the LP Advisory Council for Sponsors for Educational Opportunity and serves on the advisory board of the Association of Asian American Investment Managers. She is a Senior Advisor to the Emerging Markets Private Equity Association (EMPEA). Ms. Williams has received many awards throughout her career in the financial services industry and was recognized by the National Organization for Women in 2012 with its Women of Power and Influence Award and was named in 2011, 2012, 2013 and 2014 as one of The Most Powerful Women in Finance by American Banker Magazine. She graduated magna cum laude from Union College in 1986 and received her Juris Doctor from New York University School of Law in 1989.