Union Pacific said Executive Vice President and Chief Financial Officer Jennifer Hamann will retire in early 2027, ending a 35-year career with the railroad.
Hamann joined Union Pacific in 1992 on the audit staff and moved through roles in finance, human resources, marketing and sales, investor relations and corporate audit before becoming CFO in January 2020. That means she held the top finance job for nearly seven years by the time of her planned retirement.
The company said it will announce succession plans later.
In the announcement, CEO Jim Vena credited Hamann with steering the company through “historic challenges” over her 35 years and said she helped strengthen the balance sheet and capital allocation strategy. Hamann said she remains supportive of the company’s merger ambitions and called the next chapter for Union Pacific “becoming the nation’s first transcontinental railroad.”
Her tenure also included leadership roles outside the finance function, and she was described as the first woman to serve as Union Pacific’s CFO. As a result of these announcements, the company's shares have moved 0.8% on the market, and are now trading at a price of $288.71. Check out the company's full 8-K submission here.
