On January 6, 2015, the Board of Directors The Greenbrier Companies, Inc. of appointed Graeme A. Jack as the Chairman of the company's Audit Committee, on the recommendation of the Nominating and Corporate Governance Committee. Mr. Jack succeeds Duane C. McDougall, who served as Chairman of the Audit Committee since December 2004 and continues to serve as the company's Lead Director. The Board of Directors also appointed Victoria McManus as the Chairman of the company's Compensation Committee.

Ms. MacManus succeeds Mr. Jack, who served as Chairman of the Compensation Committee since November 2010 and, as noted above, has been appointed to serve as Chairman of the Audit Committee. The Board of Directors appointed Alejandro Centurion (formerly President of North American Manufacturing Operations) as Executive Vice President and President of Global Manufacturing Operations. In connection with his new position, Mr. Centurion's responsibilities for manufacturing operations were expanded from North America to include global manufacturing operations.

The Board of Directors also appointed James T. Sharp as Executive Vice President of the company in addition to his current position as President of Greenbrier Leasing Company LLC.