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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 ...
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]
In September 2024, the Norfolk Southern board of directors hired an independent law firm to investigate claims that Shaw had contravened the railroad’s ethics policies in an undisclosed inappropriate (but consensual) relationship with Norfolk Southern's chief legal officer, Nabanita Chaterjee Nag.
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’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 ...
James A. Squires is an American railroad executive who was the president, chief executive officer, and executive chairman of Norfolk Southern Railway until his retirement on May 1, 2022; Squires had left the presidency on December 1, 2021.
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 ...