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"Norfolk Southern Names Industry Veteran as New COO Amid Proxy Battle"

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Source: TRAINS Magazine
"Norfolk Southern Names Industry Veteran as New COO Amid Proxy Battle"
Photo: TRAINS Magazine
TL;DR

Norfolk Southern is set to name John Orr, an executive from Canadian Pacific Kansas City, as its new chief operating officer amid a proxy battle with activist investor Ancora Holdings. Orr brings a background in Precision Scheduled Railroading operations, which is highly valued on Wall Street. The move comes as Norfolk Southern seeks to fend off Ancora's efforts to oust CEO Alan Shaw and install former CSX operations chief Jamie Boychuk as COO. Orr replaces Paul Duncan and will be tasked with improving the company's operational, financial, and safety performance.

Topics:businessbusiness-transportation#activist-investor#business-transportation#chief-operating-officer#norfolk-southern#precision-scheduled-railroading#proxy-battle
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  1. Norfolk Southern to name new chief operating officer amid proxy battle - Trains  TRAINS Magazine
  2. Form 8-K NORFOLK SOUTHERN CORP For: Mar 18  StreetInsider.com
  3. CPKC executive joins Norfolk Southern in key role By Investing.com  Investing.com
  4. Norfolk Southern appoints industry veteran John Orr as chief operating officer  PR Newswire
  5. Norfolk Southern appoints new chief operating officer By Investing.com  Investing.com Canada

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