CEO Of Alabama Railcar Plant To Resign

Board of National Alabama accepted the resignation of CEO Gregory Aziz who said the railcar manufacturing plant needs a CEO who lives in Alabama full-time.

BARTON, Ala. (AP) -- The board of directors of a railcar plant expected to employ several hundred people in the Shoals has accepted the resignation of the company's president and chief executive officer.

The board accepted Wednesday the resignation of National Alabama CEO Gregory Aziz who decided to bring a railcar manufacturing plant to the area two years ago. Construction of the mile-long plant is essentially complete.

Aziz said in a statement that National Alabama needs a CEO who lives in Alabama full-time and can "take on the day-to-day challenges of running the company."

Board Chairman John Stein has been named interim CEO. Aziz will continue to serve on the board and retain his company stock. National Alabama's parent company is National Industries Inc., of Canada.

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