Finance & Business World

American Railcar Industries Inc. said Wednesday that its chief operating officer will become the company’s leader as its current head steps down.

James Cowan, 51, who has served as American Railcar’s executive vice president and chief operating officer since Dec. 2005, will take over April 1 as president and CEO. He replaces James Unger, 60, who held the post for 14 years.

The company also reported fourth-quarter net income of $7 free credit report and score.6 million, or about 35 cents per share, for the quarter ended Dec. 31 versus $7.9 million, or about 36 cents, a year ago. Revenue was $203 million compared with $161.9 million a year ago.

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