Francesca A.
DeBiase to serve as chair of Governance and Nominating
Committee
Richard H.
Anderson to serve as chair of Human Capital
Management and Compensation Committee
ATLANTA, May 28, 2024
/PRNewswire/ -- Norfolk Southern Corporation's (NYSE: NSC)
Board of Directors has unanimously appointed Claude Mongeau, former CEO of Canadian National
Railway Company, as the independent chair of the board, effective
immediately.
Mongeau will serve as chair of the Executive Committee and
resign from his positions on the Human Capital Management and
Compensation and Safety Committees.
In addition, Francesca A.
DeBiase, former executive vice president and global chief
supply chain officer of McDonald's Corporation, has been appointed
as chair of the Governance and Nominating Committee and
Richard H. Anderson, former CEO of
Delta Air Lines, has been appointed as chair of the Human Capital
Management and Compensation Committee.
The remaining committee chairs will continue in their existing
positions. Additional committee membership appointments are
available on our website. These appointments are also effective
immediately.
Mongeau said, "During this critical time for our storied
franchise, I look forward to collaborating with the board and know
we all are committed to holding management accountable to deliver
on our promises to shareholders. The board has appreciated the
engagement with shareholders over the last few months and shares
their urgency around enhancing service, improving network
operations, and broad-based productivity gains to close the gap
with our peers."
DeBiase said, "Norfolk Southern's new directors bring diverse
expertise to our board, and we are accelerating the onboarding
process so the company can immediately benefit from their valuable
perspectives. We are committed to bringing fresh perspectives onto
our board, ensuring we're consistently positioned to advance the
strategy and deliver results."
Anderson said, "The board is taking the results of our recent
Annual Meeting seriously, particularly as it relates to executive
compensation. Over the coming months, the Human Capital Management
and Compensation Committee will further our ongoing shareholder
engagement to help ensure their interests are aligned with our
executive compensation program."
More about Claude
Mongeau
Claude Mongeau
has served as an independent director of the Norfolk Southern Board
since 2019. With more than 25 years of experience, Mongeau is an
industry veteran with an extensive understanding of Norfolk
Southern's operational, safety, strategic planning, and
environmental initiatives, as well as the company's governmental
and stakeholder relations.
From 2010 to 2016, Mongeau served as president and chief
executive officer of Canadian National Railway Company (CN), a
North American railroad and transportation company, where he drove
a customer-centric based PSR approach. He served as a director of
CN from October 2009 to June 2016. During his 22-year career at CN, he
also served as executive vice president and chief financial
officer, and vice president strategic and financial planning.
More about Francesca A.
DeBiase
Francesca A.
DeBiase has served as an independent director of the Norfolk
Southern Board since 2023. She is a seasoned supply chain,
sustainability, and finance executive, with more than 30 years of
global supply chain expertise across restaurant, food, toys,
packaging, logistics, construction, real estate, and marketing
services.
From 2020 to 2022, DeBiase served as executive vice president
and global chief supply chain officer of McDonald's Corporation.
From 2018 to 2020, she served as chief sustainability officer,
where she was a champion for sustainability across the McDonald's
system, working with leaders to embed social and environmental
goals into long-term plans to drive meaningful, industry-wide
change. DeBiase led the revitalization of McDonald's sustainability
vision under the platform of Scale for Good. Prior to that role,
she held various accounting, finance, and supply chain positions at
McDonald's. DeBiase began her career at Ernst & Young as an
auditor in the retail and consumer products practice.
More about Richard H.
Anderson
Richard H. Anderson was
elected as an independent director of the Norfolk Southern Board in
2024. During his career, he has navigated companies through
transformative and key strategic changes, including formative
mergers and acquisitions, post-bankruptcy recovery, and a major
recession.
From 2017 to 2020, Anderson served as president and chief
executive officer of Amtrak. From 2007 to 2016, he served as chief
executive officer of Delta Air Lines. His significant executive
leadership experience and expertise in the railroad and
transportation industries allow him to provide meaningful oversight
and practical advice on sector issues such as operations, safety,
strategic planning, labor relations, logistics, and government and
stakeholder relations, which support Norfolk Southern's balanced
strategy.
About Norfolk Southern
Since 1827, Norfolk Southern
Corporation (NYSE: NSC) and its predecessor companies have safely
moved the goods and materials that drive the U.S. economy. Today,
it operates a customer-centric and operations-driven freight
transportation network. Committed to furthering sustainability,
Norfolk Southern helps its customers avoid approximately 15 million
tons of yearly carbon emissions by shipping via rail. Its dedicated
team members deliver more than 7 million carloads annually, from
agriculture to consumer goods, and Norfolk Southern originates more
automotive traffic than any other Class I Railroad. Norfolk
Southern also has the most extensive intermodal network in the
eastern U.S. It serves a majority of the country's population and
manufacturing base, with connections to every major container port
on the Atlantic coast as well as major ports in the Gulf of Mexico and Great Lakes. Learn more by
visiting www.NorfolkSouthern.com.
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SOURCE Norfolk Southern Corporation