20.08.07

20.8.2007: Meldung: Kansas City Southern: Finance Department Promotes Three Leaders

KCS Finance Department Promotes Three Leaders; Realigns Accounting Department
Friday August 17, 5:25 pm ET

KANSAS CITY, Mo.-- Kansas City Southern (KCS) and its U.S. subsidiary, The Kansas City Southern Railway Company (KCSR), announced today that it has promoted three leaders within the companies" finance department. Michael K. Borrows was promoted from vice president and chief accounting officer to senior vice president and chief accounting officer. Timothy M. Befort was promoted from general director strategic analysis to assistant vice president financial planning and analysis, and Scott L. Mylin was promoted from assistant vice president revenue accounting and disbursements to assistant vice president internal reporting and control.

Mr. Borrows joined the company in June 2006 from BNSF Railway, where he served in a variety of leadership roles within the finance department for over a decade. He is a certified public accountant, holds a bachelor of science in finance, and earned his MBA from DePaul University with an emphasis in finance. Mr. Borrows reports to Patrick J. Ottensmeyer, executive vice president and chief financial officer.

"Michael has done an excellent job of building an experienced and talented, high-performing team that has made significant improvements in the key areas of financial reporting, tax, and the overall control environment," said Mr. Ottensmeyer. "Consolidating accounting functions under his leadership will further streamline the accounting, reporting, and control processes and continue to enhance performance within the finance organization."

Mr. Befort has been conducting strategic transportation analysis for 19 years. He joined KCSR in 1998 and has held a number of analytical and project management positions with progressive responsibility. Tim"s prior transportation experience was with American President Lines (APL). Mr. Befort holds a bachelor of arts in economics and earned his MBA from DePaul University with an emphasis in operations management. Mr. Befort reports to Mr. Ottensmeyer.

"Tim"s strategic analysis and project management expertise, combined with his knowledge of our cost and profitability drivers, are valuable to the companies" long-term financial planning process, and in helping achieve the strategic objectives of our five-year plan," said Mr. Ottensmeyer.

Mr. Mylin joined KCSR in January 2007 from DST Output, where he served as a vice president of finance since 2001. Prior to joining DST Output, he spent eight years with the Moore Corporation of Chicago, Ill., where he held a variety of progressive positions within finance. He is a certified public accountant and holds a bachelor of science in accounting from Northern Illinois University. Mr. Mylin reports to Mr. Borrows.

"As a leader in the accounting organization, Scott has already tightened controls and streamlined key transaction system related processes. His leadership and accounting acumen are already bringing tremendous value to his new responsibilities in the areas of internal reporting, forecasting and cost control," said Mr. Borrows.

Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is KCSR, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lazaro Cardenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS" North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.


Contact:

Kansas City Southern
C. Doniele Kane, 816-983-1372
dkane@kcsouthern.com

Source: Kansas City Southern
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