To support the company's ongoing turnaround plan, Nico Buchholz has been named sr. VP, strategic initiatives, and Jim Vounassis has been named chief procurement officer.
Bombardier announced that, effective immediately, Nico Buchholz will assume a new role as sr. VP, strategic initiatives, and Jim Vounassis will assume the chief procurement officer responsibilities in addition to continuing to lead the company's operations transformation as Bombardier's chief transformation and procurement officer.
"Nico, who joined Bombardier in September 2015 and served as the company's chief procurement officer, has been instrumental in establishing a more centralized, focused, and efficient procurement organization," said Bombardier’s President/CEO Alain Bellemare. "As a result of his outstanding efforts, the company obtained significant cost savings, strengthened its relationship with suppliers, and is well positioned to continue to achieve the cost reductions necessary to support our turnaround plan."
"In his new position, Nico will work closely with me and Bombardier's leadership team to pursue key growth initiatives across both our rail and aerospace businesses," Bellemare continued. "Nico is ideally suited for this position given his strong leadership experience and deep industry knowledge and relationships in the aerospace and industrial sectors."
Going forward, Bombardier's global procurement activities will be led by Jim Vounassis. He joined Bombardier in June 2015, serving as the company's chief transformation officer with responsibility for transforming the company's operations, to reduce costs, improve efficiency, and support Bombardier's growth objectives.
"Jim's tremendous performance over the past 18 months, leading Bombardier`s operations transformation, has helped us set a strong foundation for growth and position the company to achieve its 2020 goals and deliver greater value to customers and shareholders," said Bellemare. "Expanding Jim's responsibilities to include global procurement is a natural evolution of our operations transformation as we focus on driving greater efficiencies across our extended value chain."
Operation Lifesaver awarded $220,200 in grants to 12 states to support rail safety campaigns focused on grade crossing awareness and trespass prevention.
The survey showed that commute trips still make up the majority of ridership, with most riders boarding 2 to 3 days a week, reflecting hybrid work schedules. Two-thirds of Caltrain riders have access to a car, while 37% of Caltrain riders are considered low-income.
Advances in data and analytics are giving transit agencies new opportunities to refine maintenance practices, improve efficiency and make more informed decisions about asset performance.
In this Consultant Roundtable, Carmen C. Cham shares insights on how agencies can create spaces that are intuitive, connected and built for long-term impact.
The Red Line Extension Project will provide the Far South Side of Chicago with rapid rail transit for the first time by extending the Red Line by 5.5 miles from 95th Street to 130th Street, including the construction of four new Red Line stations at 103rd, 111th, Michigan, and 130th streets.
The Siemens CBTC System, Trainguard MT, in compliance with New York Subway Interoperability Interface Specifications, enables trains to run as close as 90 seconds apart, using next-generation signaling and continuous communication to keep operations moving seamlessly.
While recognizing regional economic constraints and continuing to improve service, the budget increases the jurisdictional subsidy to less than 1.8%, significantly below the inflation rate and the 3% regional target, said agency officials.
With more than 59,400,000 boardings since the service’s debut, the A Line’s utilization surpassed that of all other RTD rail services in 2025, the agency reported.
The plan outlines funding for transit operations, capital projects, and freight and passenger rail initiatives, as state officials seek public input on priorities shaping mobility and infrastructure across the Commonwealth.
