Stan L. Hasselbusch to Retire as CEO of L.B. Foster Co.

The L.B. Foster Co. FSTR today announced that Stan L. Hasselbusch, President and Chief Executive Officer, plans to retire on December 31, 2011. Mr. Hasselbusch joined the company in 1972 and held successfully progressing positions ultimately becoming President and CEO in 2002. Lee B. Foster, Chairman of the Board, stated, "Stan has done an outstanding job during his long career with L.B. Foster and on behalf of the Board of Directors and all our employees I want to convey our sincere appreciation for so many significant contributions that have left an indelible mark on the Company. Stan indicated that he had been contemplating this move for some time and felt that the end of this year, with the Portec acquisition successfully integrated, would be the perfect time to make the move."