Press Release by Cathy & Joel J. Bedor
Mount Washington, New Hampshire –Cog Railway partners Joel and Catherine Bedor have announced their retirement effective April 30, 2017, and sale of their interest in The Mount Washington Railway Company to their partner, Wayne Presby.
“A dedicated and expert group of managers and staff have made it possible for us to restore an aging and tired business founded in 1869 and make it the leading attraction in the White Mountains,” said Joel Bedor. “I am confident that under the continued leadership of Wayne Presby the Mount Washington Cog Railway will continue to prosper and be a major economic engine for the White Mountains of New Hampshire.”
The Bedor and Presby families and a group of other investors purchased the Cog Railway from Ellen Teague in 1983 and have operated the Railway since then. Joel Bedor has served as the Company’s Treasurer for 34 years, was President from 1986 to 1991 and has served as Chairman of The Board since 1991.
The Presby and Bedor families with other investors bought the Mount Washington Hotel in 1991 and Joel became the President of that Company until its sale in 2006. During the last 34 years, the Cog has been a family affair, with Cathy Bedor serving as the Company’s marketing director, and son William working during high school and college in several positions including engineer and more recently CFO.
The Bedors and Presbys brought a commercial power line to the base station, built a new base lodge, restored an aging fleet of steam locomotives and coaches and more recently have replaced many of the steam locomotives with eco-friendly biodiesel locomotives, and have updated the coaches with larger and more comfortable models allowing ridership to more than quadruple during their 34 years of ownership. In addition, major portions of track have been replaced and more efficient solar powered hydraulic switches have been designed and installed on the mountain.
The Mount Washington Cog Railway is a National Historic Engineering Landmark. Its first locomotive, Old Peppersass, reached the summit of Mount Washington on July 3, 1869, making it the world’s first mountain climbing railroad using a toothed cogwheel to engage the rack between the rails.
For more information, contact The Cog at 1-800-922-8825 or in New Hampshire at 603-278-5404.