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Mongeau, who has served as an independent director on the Norfolk Southern board of directors since 2019, was appointed as the chairman of the board in 2024. Mongeau's new role as chairman of the board also includes chairing the Executive Committee, reflecting his time in the railway industry.
Norfolk Southern's predecessor railroads date to the early 19th century. The South Carolina Canal & Rail Road was the SOU's earliest predecessor line. Chartered in 1827, the South Carolina Canal & Rail Road Company became the first to offer regularly scheduled passenger train service with the inaugural run of the Best Friend of Charleston in 1830. [18]
Norfolk Southern’s CEO will be under more pressure to improve profits after the railroad’s shareholders voted Thursday to elect three of the board members an activist investor nominated, but ...
Under the deal, Norfolk Southern will add another independent director to its board and work to further improve its operations. Ancora, meanwhile, agreed to drop its nominations of four new board ...
In May 2023, Shaw and 12 union leaders, issued a safety letter to employees and union members committing to enhanced rail safety for employees and communities served by Norfolk Southern. [23] Under Shaw, Norfolk Southern reported 37% fewer accidents on its main lines in the first 10 months of 2023 than in the same period of 2022. Norfolk ...
Norfolk Southern's board of directors, in a unanimous decision announced Wednesday, said they had immediately terminated prescient and CEO Alan Shaw after "he violated company policies by engaging ...
Norfolk Southern CEO Alan Shaw was fired for cause by the railroad’s board for “engaging in a consensual relationship with the company’s chief legal officer,” who was also terminated, the ...
Moorman is a 1975 graduate of Georgia Tech [4] and Harvard Business School, he joined Norfolk Southern predecessor, Southern Railway, in 1970 as a Co-Op while still attending Georgia Tech. [5] He was also a member of Tau Kappa Epsilon fraternity. [6] On December 9, 2010, Railway Age named Moorman the Railroader of the Year recipient for 2011. [7]