Caterpillar this week announced some officer changes that involves its subsidiary Progress Rail, which is headquartered in Marshall County:
Progress Rail founder and CEO Billy Ainsworth will now be Caterpillar’s Group President of Energy & Transportation, based in an office in downtown Guntersville.
Marty Haycraft has been named President and Chief Executive Officer of Progress Rail.
Here’s what the company said about the new roles for the men:
Billy Ainsworth, current senior vice president of the Caterpillar Rail Division and CEO of Progress Rail, will now become the group president of the Energy & Transportation segment. Since 2017, Ainsworth has served as strategic advisor to the Caterpillar Executive Office in addition to his responsibilities for the Rail Division.
“Billy’s customer focus, entrepreneurial background and deep aftermarket experience will continue to benefit the Energy & Transportation business,” said Caterpillar Chairman and CEO Jim Umpleby.
Ainsworth started his career with a national scrap metal brokerage firm and held several positions with companies in that industry. In 1983, he founded Steel Processing Services, serving as its president and CEO. In 1993, Florida Progress purchased the operations of Steel Processing Services, along with two affiliated companies, changed the name to Progress Rail Services, and retained Ainsworth as president and CEO. In 2006, Caterpillar Inc. acquired Progress Rail Services, and Ainsworth was named a vice president of Caterpillar.
Ainsworth graduated from Auburn University in 1978 with a bachelor’s degree in marketing. He lives in Guntersville, Ala.
Haycraft attended the University of Louisville in Kentucky, where he studied accounting and played baseball. Over the years, Haycraft has held several management positions related to operations, materials management and marketing. He began his professional career in 1990 with Wheel Corporation of America, where he worked as a production employee and gained experience on freight car wheel set production and freight car wheel set materials. He was consequently promoted to Materials and Quality Manager in 1991.
Haycraft joined Progress Rail in 1993 when Corbin Railway Services purchased Steel Processing Services, later to become Progress Rail. Shortly thereafter, he was named Assistant Vice President of Materials Management for the company’s freight car wheel shops, freight car parts and car dismantling operations.
In 1998, he became Vice President of Operations for the company’s wheel and axle shops, parts reclamation, mobile crews and outside yards. Haycraft was named Vice President of Sales and Marketing for Progress Rail's Locomotive and Railcar Services business unit in March 2002, and in January 2009, was promoted to Vice President and Chief Marketing Officer for Locomotive and Railcar Services. In January 2011, he was promoted to Senior Vice President of Locomotive and Railcar Services, and in 2018 with expanded responsibilities internationally was named Executive Vice President of Rolling Stock (formerly known as the company’s Locomotive and Railcar Services division).
In March of 2019, Haycraft was named President and Chief Executive Officer of Progress Rail. His predecessor, Billy Ainsworth, was promoted to Group President of Caterpillar's Energy and Transportation division.
Haycraft and his family reside in North Alabama.