Effective August 29, Keith Andersen has joined PNW Railcars, Inc. (PNWR), a subsidiary of Mitsubishi HC Capital Inc., as Chief Commercial Officer. In his new role, Mr. Andersen will be responsible for driving revenue growth and strengthening operations to elevate the customer experience across all service areas.

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Effective August 29, Keith Andersen has joined PNW Railcars, Inc. as Chief Commercial Officer.

Mr. Andersen brings more than 30 years of experience in railcar leasing and operations, with expertise spanning the full range of railcar asset types. Prior to joining PNWR, he served as Senior Vice President of Sales for Wells Fargo – First Union Rail. He spent the majority of his distinguished career in senior leadership roles, most notably as Executive Director of Sales and Leasing at Wells Fargo Rail and its predecessor organizations.

PNWR CEO Andy Vestergaard commented, “We are thrilled to bring Keith on board at PNW Railcars. Keith’s industry experience and long track record of commercial leadership will be a great benefit to us and our customers.”

Mr. Andersen holds an M.B.A. from Lake Forest Graduate School of Management and will be based out of Chicago, IL.

About Mitsubishi HC Capital Inc.

Mitsubishi HC Capital Group (Mitsubishi HC Capital Inc. TSE: 8593) has committed to Our 10-year Vision, “Together we innovate, challenge and explore the frontiers of the future” by developing services and promoting business investments while maximizing the potential value of tangible and intangible assets in addition to leasing, where our business began. We operate through the seven business segments: Customer Solutions, Global Customer Business, Environment & Energy, Aviation, Logistics, Real Estate, Mobility. As of March 31, 2025, the consolidated total assets were more than 11 trillion yen and the consolidated employees were more than 8,400 in over 20 countries worldwide.

In addition, Mitsubishi HC Capital Group continues to address social issues to support and advance a prosperous and sustainable future through creating social value together with our customers and partners, meeting the ever-changing society and business environment.

Please visit https://www.mitsubishi-hc-capital.com/english/ for additional information.

About PNW Railcars, Inc.

PNW Railcars, Inc. (PNWR) is based in Portland, Oregon, and is a growing, fully integrated rail operating lessor servicing railroads, shippers, suppliers, distributors, and utilities throughout the U.S. PNWR provides a comprehensive railcar leasing solution that includes asset management, regulatory support, specialized services, and a wide array of leasing products designed to meet diverse customer needs.

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