Trinity Industries Names New Post-Spinoff CLO
Sarah Teachout, who joined Dallas-based Trinity from Akin Gump in 2015, will be chief legal officer now that the company has spun off its infrastructure business.
November 01, 2018 at 02:39 PM
2 minute read
Rail transportation company Trinity Industries Inc. has announced the completion of its infrastructure-related businesses' spinoff alongside a number of executive appointments, including a new chief legal officer.
Following the creation of spinoff Arcosa Inc., Dallas-based Trinity on Thursday named Sarah Teachout its new CLO and senior vice president. Teachout has been with Trinity since 2015 as vice president and deputy general counsel.
Prior to Trinity, she was a partner at Akin Gump Strauss Hauer & Feld and Haynes and Boone. She earned her J.D. at Harvard.
Teachout was part of the company's legal team when Trinity won Texas Lawyer's 2018 Legal Department of the Year for their work with outside counsel to overturn a more than $663 million False Claims Act judgment against the company. She told Texas Lawyer earlier this year that the legal department had about 12 lawyers at the time.
Trinity's then-chief legal officer and senior vice president Theis Rice told Texas Lawyer earlier this year that Teachout managed both the in-house lawyers and outside counsel for the case, United States ex rel. Harman v. Trinity Industries, and handled strategic planning.
Following the spinoff, Rice is keeping his SVP title but going from CLO to chief compliance officer. Trinity's CEO, CIO, CTO and CFO will all also stay on post-spinoff, in the same role.
“I am very pleased with this strong team of Trinity leaders,” said Trinity chief executive officer Timothy Wallace in a press release. ”Each leader exemplifies our core values of flexibility, collaboration, and dedication to excellence, and I look forward to working with them as we pursue the company's bright future.”
Former Trinity associate general counsel and corporate secretary Bryan Stevenson is the CLO of spinoff Arcosa, which is also Dallas-based.
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