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Press Release
May 20, 1999
IMMEDIATE
Peter A. Cannito Appointed President of MTA Metro-North Railroad

MTA Chairman E. Virgil Conway today announced the appointment of Peter A. Cannito, a 25-year transportation veteran, as President of MTA Metro-North Railroad.

Mr. Cannito most recently served as Vice President, Rail & Transit Programs at Raytheon Infrastructure Inc. from 1997 until present. Before joining Raytheon, he worked as an independent consultant performing project management services for ADTRANZ in the development of the Florida High Speed Rail Project, and in a technical advisory role to Arthur Andersen, LLP, on various studies for the Panama Canal Commission.

MTA Chairman E. Virgil Conway said, "Peter Cannito's broad experience in railroad operations and administration speaks for itself. I am confident in Peter's ability to lead Metro-North to the next level of excellence."

Mr. Cannito was an Executive Vice President at ABB Traction, Inc., where he was responsible for the management of the Heavy Rail product line for ABB in the United States market.

Mr. Cannito worked at Amtrak from 1974 until 1995, where he served as Vice President of Engineering and Mechanical for seven years until his departure. In that position, he was responsible for managing the maintenance and overhaul of Amtrak's 360 locomotives and 1,800 passenger cars; maintenance of Amtrak-owned right-of-way and infrastructure; equipment acquisition; design and construction of new rail systems and facilities.

He received his bachelor's degree in Business Administration at Canisus College, Buffalo, and attended the Harvard Business School's Advanced management Program. He also attended the Executive Management Program at the University of Virginia's Darden School, and Northwestern University's Advanced Transportation Management Program.

Mr. Cannito and his wife Loretta have three sons.

MTA Metro-North Railroad, the second largest passenger rail facility in the country, serves more than 220,000 customers daily from suburban New York and Connecticut.