Providence and Worcester Railroad Company announced that, at a special meeting of the Board of Directors, P. Scott Conti was appointed to serve as a Director of the Company until the next meeting of shareholders and was elected to succeed Orville R. Harrold as President of the Company.

Mr. Harrold, Providence and Worcester Railroad Company's President since 1980, passed away unexpectedly on November 22, 2005. He was 73 years old. He began his railroad career in 1960 on the Pennsylvania Railroad after serving as a Captain in the US Marine Corps. He joined the Company as Chief Engineer when it commenced independent operations on February 3, 1973, was named General Manager of the Company in 1974, and a Director in 1978.

Mr. Conti joined the Company in 1988 as Engineering Manager. He became Chief Engineer in 1998 and was named Vice President Engineering in 1999. Before joining the Company, he was employed as an engineer by the Perini Corporation. He holds a B.S.C.E. degree from Norwich University in Northfield, VT.

Robert H. Eder, Chairman of the Company, who had been serving as the acting President of the Company since Mr. Harrold's death, said, "Those of us who worked with Orville will always value his insight, his example, and his contributions to the Company. We look forward to working with Scott as he assumes Orville's duties."

The Board of Directors also promoted David F. Fitzgerald, the Company's Superintendent of Transportation, and Frank K. Rogers, the Company's Director of Marketing, to the office of Vice President.

Providence and Worcester is a regional freight railroad operating in the states of Massachusetts, Rhode Island, Connecticut and New York. The Company transports a wide variety of commodities, including construction aggregate, iron and steel products, chemicals, lumber, scrap metals, plastic resins, cement, coal, construction and demolition debris, processed foods and edible food stuffs, such as frozen foods, corn syrup and animal and vegetable oils. By agreement with a private operator, the Company also operates two approved customs bonded intermodal yards in Worcester, MA, primarily for the movement of container traffic from the Far East destined for points in New England.