NORFOLK, Va. (WAVY) — Norfolk Southern Company will quickly have a new CEO.
Norfolk Southern Corporation declared early Saturday that Chairman and CEO James A. Squires is setting up to retire on May possibly 1, 2022.
Following Squires’ departure, Government Vice President and Main Promoting Officer Alan H. Shaw will come to be CEO. Norfolk Southern’s board of administrators has already elected Shaw to the position of president as element of the company’s planned succession course of action, productive instantly.
In a press release, Squires says now is “the proper instant for a leadership transition.”
“The corporation is in rock-strong situation, I have attained what I set out to realize, and our board of directors has discovered the right chief in Alan Shaw to guide Norfolk Southern in its future chapter of achievement and price development,” states Squires.
Both equally will continue to operate intently with each other in excess of the upcoming 5 months to complete a easy changeover.
Shaw has 27 decades of practical experience at Norfolk Southern in internet marketing, operations, and finance. He was appointed CMO in May well 2015, and has assisted the corporation construct the strongest intermodal franchise on the east coast.
Shaw acquired a BS in Aerospace Engineering and an MBA from Virginia Tech, and concluded the Basic Management Software at Harvard Enterprise Faculty. He is a Chartered Fiscal Analyst.
Norfolk Southern lately opened its new point out-of-the-art headquarters in Atlanta this thirty day period, practically 3 decades after asserting the shift from Norfolk.
In the course of a 2018 news conference, the enterprise said the approach of shifting its headquarters to Atlanta would consider quite a few several years.