Special Junior Achievement Section
LEE B. FOSTER II
Business Hall of Fame
L.B. Foster Company calls Pittsburgh home, and Lee B. Foster II
is the embodiment of this sentiment. Born in Pittsburgh, Foster
grew up working in a family-owned and operated infrastructure
products company founded by his grandfather in 1902. The
Fosters believed the city’s well-being and prosperity required
the establishment of a sustaining culture of art, education and
Today, Foster serves as Chairman of the Board of L.B. Foster
Company. In 1981, L.B. Foster grew from a family-run business
into a publicly traded corporation with facilities throughout North
America and Europe, while still maintaining the company’s
western Pennsylvania roots.
Foster started as a clerk in 1973 before joining the
company’s sales force. He assumed management of the
company’s international sales program in 1980, and several
years later, he was selected to lead the company’s southwest
region and the Tubular Products division. In 1990, he became
president and CEO of the corporation and was named chairman
in 1998. He attributes his greatest accomplishment as CEO
to providing the continuity of this culture from pre-public
offering to today and by assembling a talented and motivated
Foster serves as chairman of the Board of Trustees of the
Carnegie Museums of Pittsburgh and the YMCA of Greater
Pittsburgh. He serves as a trustee of The Pittsburgh Foundation
and was the former chairman and now member of the Board of
Visitors of University of Pittsburgh’s Graduate School of Public
Health. His corporate board associations include Board of
Director positions at Wabtec Corporation, Foster Holdings, Inc.
and Capital Guidance S.A.
Foster stands as the link between his grandfather’s vision
for his company and community and L.B. Foster’s continuing
impact on Pittsburgh’s future.
Ninety-five percent of teachers report that students who participate in Junior Achievement have a better
understanding of how the real world operates.