EUROFIMA European Co. for the Financing of Railroad Rolling Stock named Alfred Buder CEO and Harry Müller COO.

Buder and Müller will replace Martin Fleischer and Patrick Tschudin, who in June submitted their resignations as CEO and CFO, respectively, effective Nov. 30.

Buder, who was earlier head of group finance at ÖBB, or Austrian Federal Railways, joined EUROFIMA's management July 17 to aid with a smooth transition, and will assume the office of CEO on Dec. 1. Müller, who is head of treasury at SBB, or Swiss Railways, will assume the COO's role effective Jan. 1, 2018.

Established in 1956, EUROFIMA is a Swiss-based nonprofit supranational, of which 25 European countries are members.