The BMWED Teamsters Reiterates Support for Jim Barber at Norfolk Southern
02 Mai 2024 - 1:00PM
Business Wire
The Brotherhood of Maintenance of Way Employes Division of the
International Brotherhood of Teamsters (“BMWED Teamsters” or
“BMWED-IBT”) today reiterated its support for Ancora Holdings
Group, LLC’s (“Ancora”) efforts to elect seven director candidates
and install Jim Barber at Norfolk Southern Corporation (NYSE: NSC)
(“Norfolk Southern” or the “Company”).
Tony Cardwell, President of BMWED-IBT, commented:
“The wellbeing of our membership is often dependent upon
competent and reliable corporate leadership. Based on our
discussions with Ancora director candidate and proposed CEO Jim
Barber, the BMWED Teamsters is confident that his leadership would
drive necessary changes and improvements to ensure our Norfolk
Southern members are protected and succeed on the job. Jim has
proven to us that he can build bridges and work with all
stakeholders, including labor unions, underpinning our trust in his
capabilities. Additionally, we are very confident that our members’
concerns will be appropriately and effectively addressed if Jim is
helping turn around Norfolk Southern.
Regrettably, under current CEO Alan Shaw’s leadership, Norfolk
Southern’s failure to adequately address significant safety and
operations concerns raised by BMWED and others has seriously
undermined the railroad. This inability threatens to continue
crippling Norfolk Southern’s operations, reflecting a persistent
disregard for the critical issues that impact service, safety and
the value generated by the Company. We expect this view to be
validated when the federal government issues its final report on
the East Palestine, Ohio derailment and related toxic burn next
month.
In contrast, Jim’s background as COO of a more than $100 billion
transportation company and his experience as one of the nation’s
largest rail shippers lead us to believe he can drive value for our
members and all of the Company’s stakeholders from the boardroom
and C-suite.”
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version on businesswire.com: https://www.businesswire.com/news/home/20240502928890/en/
Zachary Wood Director of Strategic Coordination and Research
BMWED-IBT (248) 662-2614 zwood@bmwe.org
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