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Tim Kubiak Named Head of Wells Fargo Rail

01/07/2020
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Kubiak to lead North America’s largest railcar and locomotive leasing company

SAN FRANCISCOWells Fargo Rail, part of Wells Fargo & Company (NYSE: WFC), 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.

About Wells Fargo Equipment Finance

Wells Fargo Equipment Finance, a Wells Fargo Commercial Capital division, provides competitive fixed- and floating-rate loans and leases covering a full range of commercial equipment for businesses nationwide as well as floor planning and inventory financing and vendor programs in selected industries in the United States and Canada. Wells Fargo Equipment Finance is a leading bank-affiliated equipment leasing and finance business in the United States by asset portfolio and annual originations, with more than 335,000 customers and 2,500 team members. Wells Fargo Equipment Finance is the trade name for certain equipment leasing and finance businesses of Wells Fargo Bank, N.A. and its subsidiaries. Equipment financing transactions are provided in Canada by Wells Fargo Equipment Finance Company. 

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,500 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 261,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

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