Norfolk Southern appoints Mark R. George as CEO after leadership changes

On September 11, 2024, Norfolk Southern Corporation announced significant leadership changes following the termination of Alan H. Shaw as President and CEO due to violations of company policies. Mark R. George, previously the Executive Vice President and Chief Financial Officer, was appointed as the new President and CEO by a unanimous vote of the independent directors. His extensive experience in finance and operations, including a notable tenure at United Technologies Corporation, positions him to lead the company effectively. In addition to George's appointment, Nabanita C. Nag was also terminated from her roles as Executive Vice President of Corporate Affairs and Chief Legal Officer amid ongoing investigations by the Board. The company emphasized that Shaw's departure was not related to its financial performance or operational results, indicating a focus on internal governance and compliance. George's leadership is expected to enhance Norfolk Southern's commitment to optimizing operations and delivering value to stakeholders. He has a strong background in finance and corporate strategy, which will be crucial as the company navigates its future challenges and opportunities. The Board expressed confidence in his ability to maintain the company's commitments to shareholders and customers. Norfolk Southern continues to play a vital role in the transportation sector, helping to reduce carbon emissions through rail shipping. The company remains dedicated to serving its customers and communities while ensuring a safe and productive workplace for its employees. These leadership changes reflect a strategic move to strengthen governance and operational integrity within the organization.