OMAHA, Neb., July 30, 2015 /PRNewswire/ -- Union
Pacific's board of directors today elected Lance M. Fritz chairman, president and chief
executive officer effective October
1. Fritz, 52, was elected president and chief executive
officer February 5, 2015. He also was
elected to the corporation's board of directors at that time.
Fritz was named president and chief operating officer
February 6, 2014. He was executive
vice president - Operations from 2010-2014, and previously served
as vice president - Labor Relations. Prior to that, he was regional
vice president - Southern Region after serving as regional vice
president - Northern Region. Fritz began his career with Union
Pacific in July 2000 in Marketing and
Sales as vice president and general manager - Energy.
He succeeds John J. (Jack)
Koraleski, 64, as chairman. Koraleski plans to retire
September 30 after a 43-year career
at Union Pacific in which he served as executive chairman;
chairman, president and chief executive officer; executive vice
president - Marketing and Sales; executive vice president - Finance
and Information Technology; and others. Among his many
achievements, Koraleski was named by Institutional Investor as
2014's No. 1 chief executive officer in the Airfreight and Surface
Transportation sector, and his advocacy was critical in helping
Union Pacific form its women's employee resource group more than 20
years ago. Koraleski will continue to serve on the national
advisory committee for the College of Business Administration at
the University of Nebraska Omaha, as
well as several boards and advisory committees including the
Heritage Services board of directors and the STRATCOM Consultation
Committee.
Union Pacific today elected Scott D.
Moore senior vice president - Corporate Relations, effective
September 1. He will have companywide
responsibility for internal and external communications, public
affairs, media relations, brand management and advertising. Moore
will serve as president of the Union Pacific Foundation. He has
been vice president - Public Affairs for Union Pacific's western
region, based in Roseville,
California, since August 2007.
Moore joined Union Pacific in 2000 as director - Government
Affairs. He is a former Nebraska
Secretary of State, and a state senator.
He succeeds Robert W. (Bob)
Turner, who plans to retire October
1. Turner, who joined the company in 2000, developed Union
Pacific's award-winning Building America campaign that remains
embedded in the company's culture and the centerpiece of its brand.
He built the company's public affairs organization that serves all
23 states in which Union Pacific operates, and is president of the
Union Pacific Foundation. He serves on the executive committee of
the Greater Omaha Chamber of
Commerce, the Board of the Durham Museum, and as a governor of the
Aksarben Foundation. Turner will continue to serve on the
Hiram College board of trustees, the
National Action Alliance for Suicide Prevention where he co-chairs
the executive committee, and the Abraham Lincoln Presidential
Library Foundation board of directors.
Union Pacific today also elected Todd M.
Rynaski as chief accounting officer, vice president and
controller effective September 1.
Rynaski has been assistant vice president - Accounting since
January 2014. Prior to that, he was
assistant vice president - Financial Reporting and Analysis.
Rynaski joined Union Pacific in 1995 and held positions in
Corporate Audit, Planning and Analysis, Revenue Accounting, and
Information Technology.
Rynaski succeeds Jeffrey P.
Totusek, who plans to retire in 2016. Totusek will help
transition the vice president and controller responsibilities as
vice president - Finance until he retires. Totusek has been chief
accounting officer, vice president and controller since
January 2008. Prior to that, he was
assistant vice president - Financial Analysis since 1998. Totusek
joined Union Pacific in 1985.
"Lance has demonstrated the leadership skills and vision
necessary to create value for all of our stakeholders," said
Steven Rogel, Union Pacific's lead
independent director. "Following a thorough review of our
governance structure, we determined that now is the right time for
Lance to become chairman. The board supports the strategy and
direction he is setting for Union Pacific and is confident we have
the best management team in place to continue delivering
industry-leading customer service and strong shareholder
returns.
"On behalf of the entire board, I want to express our sincere
thanks to Jack for his leadership, dedication, and contributions,"
Rogel said. "His retirement will mark a long and successful career
that made Union Pacific a stronger company than when he joined it.
We wish him the best."
"Bob Turner made many significant
contributions to Union Pacific, especially in building
relationships with the more than 7,300 communities we serve," Fritz
said. "We will miss his insights and guidance but wish him all the
best in his retirement.
"Jeff Totusek's combination of
business knowledge and financial acumen has been instrumental in
Union Pacific's success, particularly in his role as chief
accounting officer," Fritz said. "We will benefit greatly from his
support during this transition period."
ABOUT UNION PACIFIC
Union Pacific Railroad is the
principal operating company of Union Pacific Corporation (NYSE:
UNP). One of America's most recognized companies, Union Pacific
Railroad connects 23 states in the western two-thirds of the
country by rail, providing a critical link in the global supply
chain. From 2005-2014, Union Pacific invested more than
$31 billion in its network and
operations to support America's transportation infrastructure. The
railroad's diversified business mix includes Agricultural Products,
Automotive, Chemicals, Coal, Industrial Products and Intermodal.
Union Pacific serves many of the fastest-growing U.S. population
centers, operates from all major West Coast and Gulf Coast ports to
eastern gateways, connects with Canada's rail systems and is the only railroad
serving all six major Mexico
gateways. Union Pacific provides value to its roughly 10,000
customers by delivering products in a safe, reliable,
fuel-efficient and environmentally responsible manner.
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SOURCE Union Pacific