NORFOLK, Va., June 1, 2020 /PRNewswire/ -- Norfolk Southern
Corporation (NYSE: NSC) today announced that John Scheib is stepping down as executive vice
president and chief strategy officer, effective June 1.
In conjunction with this change, the company also announced
several organizational enhancements. Functions within the Service
Optimization and Customer Engagement Division, which include
Strategic Planning, Network Planning and Optimization, and Customer
Operations, will be integrated into the Finance, Operations, and
Marketing divisions, respectively.
"With our strategic plan firmly established and producing
results ahead of schedule, now is a good time for me to start a new
chapter," Scheib said. "It's been a privilege to be part of Norfolk
Southern's successful transformation, as chief strategy officer and
before that as chief legal officer, and work alongside the best
employees in the industry."
Norfolk Southern Chairman, President and CEO James A. Squires said, "With John's leadership,
our team has driven significant improvements in efficiency and
service through our TOP21 operating plan. On behalf of our board
and management team, I thank John for his many contributions to
Norfolk Southern during his 15 years with the company."
The company will integrate the strategy and operations functions
previously led by Scheib into the business, creating efficiencies
and closer alignment among teams.
- The Strategic Planning Department will move to the Finance
Division under the leadership of Mark
George, executive vice president and chief financial
officer. This move aligns strategic planning with the newly created
Financial Planning and Analysis group, further strengthening the
company's capabilities for rigorous analysis, robust metrics, and
systematic competitive benchmarking.
- The Network Planning and Optimization Department, which played
an integral role in developing and successfully rolling out the
TOP21 operating plan, will become part of the Operations Division.
The team will continue to identify and drive operating efficiencies
under the leadership of Michael
Wheeler, executive vice president and chief operating
officer.
- The Customer Operations Department will become part of the
Marketing Division under Alan Shaw,
executive vice president and chief marketing officer. This more
closely aligns the groups that proactively engage with customers,
enhancing the company's ability to deliver a best-in-class
experience and exceptional customer service.
"This new structure positions Norfolk Southern for continued
success as a faster, smarter, and more resilient company," Squires
said. "We are achieving further cost savings, enhancing
collaboration, and increasing operational efficiency, all while
maintaining superior customer service."
About Norfolk Southern
Norfolk Southern Corporation (NYSE: NSC) is one of the nation's
premier transportation companies. Its Norfolk Southern Railway
Company subsidiary operates approximately 19,500 route miles in 22
states and the District of
Columbia, serves every major container port in the eastern
United States, and provides
efficient connections to other rail carriers. Norfolk Southern is a
major transporter of industrial products, including chemicals,
agriculture, and metals and construction materials. In addition,
the railroad operates the most extensive intermodal network in the
East and is a principal carrier of coal, automobiles, and
automotive parts.
Forward-looking statements
This news release
contains forward-looking statements that may be identified by the
use of words like "believe," "expect," "anticipate," "estimate,"
"plan," "consider," "project," and similar references to the
future. Forward-looking statements reflect our good-faith
evaluation of information currently available. These
forward-looking statements are subject to a number of risks and
uncertainties, and our actual results may differ materially from
those projected. Please refer to our annual and quarterly reports
filed with the SEC for a full discussion of those risks and
uncertainties we view as most important. Forward-looking statements
are not, and should not be relied upon as, a guarantee of future
performance or results, nor will they necessarily prove to be
accurate indications of the times at or by which any such
performance or results will be achieved. As a result, actual
outcomes and results may differ materially from those expressed in
forward-looking statements. We undertake no obligation to update or
revise forward-looking statements.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/norfolk-southern-announces-leadership-and-organizational-changes-301068824.html
SOURCE Norfolk Southern Corporation