Norfolk Southern Corporation (NYSE: NSC) has announced the appointment of Richard H. Anderson as the independent chair of the board, effective immediately. Anderson, who has served on Norfolk Southern’s board since May 2024, will also serve as chair of the Executive Committee and the Strategy & Planning Committee.
The board has also agreed to reduce its size to 12 members, and Jack Huffard, co-founder and director of Tenable Holdings, Inc., has been appointed as chair of the Compensation and Talent Management Committee.
Mark George, President and CEO of Norfolk Southern, expressed confidence in Anderson's ability to continue driving the company forward, stating that Anderson has contributed deep, experience-based business insight and a collaborative style that has helped drive cohesion among the board.
Anderson, on the other hand, expressed his confidence in Norfolk Southern's performance, stating that the company has propelled forward, delivering strong performance for stakeholders and becoming an even safer, more efficient railroad.
Norfolk Southern Corporation, operating a 22-state freight transportation network, is committed to furthering sustainability by helping its customers avoid approximately 15 million tons of yearly carbon emissions by shipping via rail. The company's dedicated team members deliver approximately 7 million carloads annually, from agriculture to consumer goods, and it also has the most extensive intermodal network in the eastern U.S., serving 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 across the Gulf Coast and Great Lakes. Following these announcements, the company's shares moved 0.06%, and are now trading at a price of $251.47. For more information, read the company's full 8-K submission here.
