Amtrak CFO Appointment: Financial Strength & Modern Rail Growth

Amtrak Appoints Costin Corneanu as New CFO, Signaling a Focus on Financial Strength and Modern Rail Expansion

In a move poised to solidify its financial footing amidst rising demand, Amtrak has appointed Costin Corneanu as its new Executive Vice President and Chief Financial Officer (CFO), effective August 4th, 2025. This strategic appointment, announced August 1st, 2025, is pivotal as Amtrak, the primary passenger railroad service in the United States, navigates unprecedented growth and ambitious infrastructure projects. Corneanu, who previously served as Deputy CFO since January, will be responsible for overseeing all financial activities, strategic planning, and ensuring the financial health necessary to support Amtrak’s vision for modern rail travel. This transition marks a planned succession, positioning Corneanu to lead the financial direction of Amtrak, leveraging his extensive experience in the aviation industry to drive efficiency and support the organization’s growth trajectory.

A Proven Financial Leader Takes the Helm

Costin Corneanu’s appointment underscores Amtrak’s commitment to robust financial management. Prior to joining Amtrak in 2020, Corneanu honed his financial acumen within the airline industry, notably at Spirit Airlines for eight years and US Airways for four years. Throughout his tenure, he rose through the ranks, holding positions of increasing responsibility and demonstrating a strong capacity for partnering with internal stakeholders. This airline experience provides him with a unique perspective on financial strategies that can be adapted to the railroad industry, especially concerning cost management, capital allocation, and strategic planning – all of which are crucial elements in Amtrak’s long-term vision.

Transition and Responsibilities

Corneanu’s role as CFO will entail overseeing all financial aspects of Amtrak’s operations. His remit encompasses planning, directing, and controlling all financial activities. This includes, but is not limited to, preparing financial reports, forecasting, strategic planning, and setting the long-term strategic vision, priorities, and budgets, aligning these with Amtrak’s broader strategic plans. Corneanu will oversee the functions of the existing finance team which includes accounting, treasury, grants management, audit, risk and controls, and capital portfolio governance. He will report directly to Amtrak President Roger Harris and will serve as a key member of the Executive Leadership Team. This appointment builds on the foundation of previous success as Deputy CFO, and positions him well to navigate both current and future demands on the finance department.

The Departure of Tracie Winbigler and the Future of Amtrak’s Finance Team

This appointment marks a planned transition, with current Executive Vice President and Chief Transformation Officer, Tracie Winbigler, slated to retire on January 1, 2026. Until then, Winbigler will continue to lead the Procurement and Real Estate teams, ensuring continuity in critical functions while aiding Corneanu in taking over the CFO responsibilities. The seamless transfer of leadership from Winbigler to Corneanu underscores a dedication to a smooth handover and the stability of the financial department during an evolving period. This careful succession planning provides a strong strategic roadmap as Amtrak manages increased rail demand.

Conclusion

The appointment of Costin Corneanu as Amtrak’s CFO marks a significant move, highlighting the company’s focus on strengthening its financial foundation and driving long-term strategic growth. With his extensive experience in the airline industry, Corneanu brings a fresh perspective and proven leadership capabilities to Amtrak. This move is crucial in the current landscape, characterized by increasing demand for rail travel and ambitious infrastructure projects. His expertise in financial planning, strategic oversight, and operational efficiency will be vital in propelling Amtrak’s strategic vision. The transition from Tracie Winbigler further adds to the success and stability in the transition, ensuring a smooth handover of responsibilities. As Amtrak continues to reimagine the future of modern rail travel, Corneanu’s leadership will be critical to maintaining financial health and securing Amtrak’s success. This appointment shows the critical importance of financial management during high-growth, high-demand times and signals the strategic direction of Amtrak’s growth plans.