AITX Hires New CFO to Focus on Growth and Customer Resources

Seasoned Finance and Operations Expert, Eric Baltz, Joins AITX as New CFO

ST. CHARLES, MISSOURI, May 2, 2022 – Focused on its next phase of growth and an ongoing commitment to unlocking customer-value, American Industrial Transport, Inc. (“AITX”) welcomes Eric Baltz as its new Chief Financial Officer. Eric’s impressive finance and operations focus complements AITX’s existing management team, already driving AITX as the leader in railcar services through its diverse leasing fleet, expansive repair network, and experienced and dedicated team.

Eric joins AITX as a proven leader with over two decades of finance and accounting experience. For the past 14 years, Eric held roles of increasing responsibility at Peabody Energy, a leading coal producer. He most recently served as Senior Vice President and Chief Accounting Officer, in addition to various roles with oversight of financial and capital planning, risk management, mine finance, treasury, capital markets and business development activities. Prior to his tenure at Peabody, Eric spent over six years at Ernst & Young managing audit engagements of both public and private companies.

“Every day we hear from customers about their interests in more full-service options across our leasing fleet and repair network. Customers want partners dedicated to scaling and innovating at their pace,” said Kurt Higginbotham, President at American Industrial Transport. “Already hitting the ground-running, Eric immediately grasps the steps needed to foster growth and roll-out an action-plan that integrates accountability, solutions, and results. Eric is a natural fit to our team, and we are excited by his depth-of-experience and enthusiasm.”