Ichan resigns from American Railcar board

|About: American Railcar Industries... (ARII)|By:, SA News Editor

Carl Icahn has resigned as a director and chairman of American Railcar Industries (ARII) because he serves on several boards of directors and wanted to decrease his number of directorships, and not from any disagreement with the company or its board, an SEC filing says.

Icahn's board seat will be filled by Courtney Mather, who has served as a managing director of Icahn Capital since April and once was a managing director at Goldman Sachs.