Norfolk Southern Corp. today announced that Chairman and CEO James Squires plans to retire May 1, 2022, at which time Executive Vice President and Chief Marketing Officer Alan Shaw will become CEO.
As part of the company's planned succession process, the board of directors has elected Shaw to the role of president, effective immediately. The company's executive leadership team now reports to Shaw, NS officials said in a press release.
Kansas City Southern so far has raised about $120,000 for The Salvation Army through its Holiday Express program.
In September, the Class I announced plans to celebrate the 21st anniversary of its Holiday Express train — which again will not operate this year due to the pandemic — with a fundraiser. Raised funds will benefit The Salvation Army in 21 communities located in Arkansas, Illinois, Kansas, Louisiana, Mississippi, Missouri, Oklahoma and Texas.
CSX Executive Vice President Mark Wallace died Nov. 28 following a battle with cancer. He was 52.
Wallace had moved into a strategic advisory role in June while he underwent cancer treatment. He joined CSX in spring 2017 as EVP of corporate affairs and chief of staff, and later was named EVP of sales and marketing in July 2018. He also served a stint as EVP and chief administrative officer.