Wells Fargo & Company named 14-year company veteran Tim Kubiak as executive vice president and head of Wells Fargo Rail, reporting to Bill Mayer, head of Equipment Finance.

In this new role, Kubiak will lead all functions for Wells Fargo Rail, the largest rail equipment operating lessor in North America with one of the most diverse fleets in the industry. He will be responsible for developing business strategies and overseeing the group’s assets, comprised of more than 175,000 railcars and 1,800 locomotives.

Prior to this appointment, Kubiak served as business leader and vice president of commercial operations for the group for the past four years, where he led the development, planning, and execution of commercial leasing programs. Kubiak spent 10 years in various positions with GE Capital Rail Services, including fleet operations and quality leader, where he led the maintenance, logistics, and fleet functions. He also spent six years as a senior consultant with several national firms supporting business transformation initiatives for industrial clients.

“Tim’s extensive experience and strong relationships within the rail industry position him well to take on this expanded role,” said Mayer. “His focus on continuous improvement and delivering results to help commercial clients with their rail transportation needs make him the right leader for the business.”

Kubiak earned his bachelor’s degree in business from Indiana University and an MBA from Northwestern University and is a Certified Six Sigma Master Black Belt. Kubiak will remain based in the Chicago area, and his appointment is effective immediately.